13000 Paramount, Downey, CA 90242

• 3 beds
• 3,421 sqft

Property Description

Discover a rare mixed-use investment and live/work opportunity in the heart of Downey. This property features two buildings combining street-front retail and multifamily residential for diversified income and flexible future use. The front building includes 1,820 SF of ground-floor retail occupied by a stable tenant with 8 years remaining on the lease, plus a 1-bedroom residential unit above. The rear building offers two stacked residential units-a 2-bedroom non-conforming ground-floor unit and a permitted 2-bedroom unit above. The non-conforming unit presents a prime opportunity for an owner-user to occupy as a live/work residence, or potentially legalize or expand under current ADU provisions to increase rental income. All residential tenants are currently month-to-month, allowing investors or owner-users the flexibility to reposition, adjust rents, or occupy units as desired. Situated on busy Paramount Blvd, the property enjoys high visibility, convenient freeway access, and proximity to schools, restaurants, and major businesses, ensuring continued tenant demand and long-term value appreciation. Highlights: •Two-building mixed-use property (retail + multifamily) •Front building: 1,820 SF retail with 8-year lease + 1-bed unit above •Rear building: (1) 2-bed + (1) 2-bed n

Listing Status:

Active

Date Added:

October 31, 2025 at 05:00AM

Listing Office:

Keller Williams Coastal Prop. : 562-843-1017

Listing Agent:

Stelios Zoumberakis :

MLS ID:

CRPW25250748

Interior

• Laundry: No Hookups

Location

• County: Los Angeles

Lot

• Zoning: 6260001034

This listing courtesy of Stelios Zoumberakis, Keller Williams Coastal Prop.