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14361 Garfield AVE Paramount, CA 90723
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Key Details
Sold Price $4,000,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW20122894
Sold Date 05/13/21
HOA Y/N No
Year Built 1978
Lot Size 0.935 Acres
Property Description
Realty Group Advisors is pleased to offer to qualified investors or owner-users an opportunity to purchase a multi-tenant industrial investment in the city of Paramount, currently leased by multiple tenants on Month-To-Month lease terms, which would enable an Owner-User to occupy the asset. The property consists of +/- 22,326 square feet of building improvements on +/-40,752 square feet (0.93 acres) of land.
The subject is a clear span multi-tenant warehouse and has no pillars or posts while featuring fluorescent lighting from the many skylights within the warehouse. The subject offers 7,300 square feet of office space, there is a fully functioning kitchen and 5 private restrooms for Men and Women. The subject includes easy access roll-up doors, gate and secure yard. (1981 build; Renov 1986).
The investment offers the opportunity to capitalize on positive market conditions to acquire an asset located within the South Bay. The South Bay submarket in Los Angeles County is one of the strongest industrial submarkets in the United States. (High barriers to entry, given the lack of available industrial assets and, or developable industrial land).
Location
State CA
County Los Angeles
Area Rk - Paramount South Of Somerset
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Building
Lot Description 0-1 Unit/Acre, Paved
Water Public
Others
Tax ID 6241020064
Financing Cash to Loan
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML