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5237-5263 Paramount Blvd
Lakewood, CA 90712 Lakewood Country Club

$5,495,000 USD

Storefront For Sale • 21,882 SF

Property Details

Property Type Storefront
Total Building Size 21,882 SF
Lot Size 1.6 AC
Building Class C
Year Built 1966
Tenancy Multiple
Zoning LKC3*

0 Transit Score

64 Walk Score

                
                    Highlights
                
                                ±21,882 SF retail center situated on ±1.60 acres in Lakewood, CA
                            
                                Occupied by 19 tenants;  Three (3) vacant units – Total of 9 leases expire or are MTM by 2027
                            
                                In-place rents average $1.65/SF NNN vs. projected market rent of $2.00–$2.75/SF NNN
                            
                                Strong value-add upside through lease-up and rent increases
                            
                                Monument signage and excellent visibility on Paramount Blvd (±21,000 VPD) - 81 on-site parking spaces (3.98/1,000 SF ratio)
                            
                                Dense infill location with over 230,000 residents within 3 miles - Mid-Cities submarket with below-average vacancy and stable leasing demand

Amenities

Signage
Signalized Intersection
Monument Signage

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	7 min	-	3.4 mi
Los Angeles International	30 min	-	19.9 mi
John Wayne/Orange County	33 min	-	24.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	81
Type:	Surface
Included in Rent:	Yes

Matthew Hardke 949-942-1303 Graystone Capital Advisors

5237-5263 Paramount Blvd Lakewood, CA 90712 Lakewood Country Club