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Paramount, CA Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Paramount, California Market population: 54K. Compare commercial properties across all major asset classes with...

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πŸ“Š Average Cap Rate For Paramount CA Properties: 6.68%

⭐ Featured

Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA

$1,750,000
San Fernando Multifamily

Presenting a compelling value-add opportunity in the heart of San Fernando, California, this 8-unit multifamily property...

Cap Rate 6.66%
NOI $116,550
Size 5,040 SF

πŸ“Š Avg Property Tax Rate For Paramount CA Properties: 2.2000%

⭐ Featured

Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate

$1,275,000
San Fernando Multifamily

Discover a compelling multifamily investment in the heart of San Fernando, California. This 5-unit apartment property, p...

Cap Rate 7.76%
NOI $98,945
Size 10,888 SF

Investor Questions For Paramount CA

Common questions from investors exploring commercial real estate in Paramount CA.

What is the overall investment potential of Paramount, CA, considering its demographic and economic factors? +
The city's median household income of $44,934, combined with a poverty rate of 18.1% and a health insurance coverage of 82.0%, suggests a working-class market with some employment stability. The diverse population, with top ethnicities being Hispanic, Other, and White, and a foreign-born rate of 35.6%, may drive demand for housing. Additionally, the average commute time of 26.7 minutes and top industries in Construction, Public Administration, and Information indicate a relatively stable job market.
How does the quality of life in Paramount, CA impact its attractiveness to real estate investors? +
The city's average commute time of 26.7 minutes, top commute methods including driving alone and carpooling, and a health insurance coverage rate of 82.0% contribute to a decent quality of life. The median property value of $254,100 and median property taxes of $5,661 also suggest a relatively affordable housing market. Furthermore, the city's diverse population and strong industries may attract renters and buyers, making it an attractive location for real estate investment.
What are the key factors that influence the rental yield and property appreciation in Paramount, CA? +
The rental yield and property appreciation in Paramount, CA are influenced by factors such as the median property value of $254,100, median household income of $44,934, and a relatively high poverty rate of 18.1%. The city's diverse population, with top ethnicities being Hispanic, Other, and White, and a foreign-born rate of 35.6%, may drive demand for housing and impact rental yields. Additionally, the average commute time of 26.7 minutes and top industries in Construction, Public Administration, and Information indicate a relatively stable job market, which can contribute to property appreciation.
How does the demographic diversity of Paramount, CA impact its real estate market? +
The city's demographic diversity, with top ethnicities being Hispanic, Other, and White, and a foreign-born rate of 35.6%, contributes to a unique real estate market. The diverse population may drive demand for housing, particularly in areas with high concentrations of specific ethnic groups. Additionally, the city's median age of 29.4 and average household size of 3.83 may indicate a strong demand for family-friendly housing and rentals, making it an attractive location for real estate investors.
What are the implications of Paramount, CA's economic indicators, such as the GINI coefficient and unemployment rate, for real estate investors? +
The city's GINI coefficient of 0.385 and unemployment rate of 7.8% suggest a relatively unequal distribution of income and a moderate level of unemployment. However, the median household income of $44,934 and a health insurance coverage rate of 82.0% indicate some employment stability. Real estate investors should consider these factors when assessing the potential for rental income and property appreciation, as they may impact the overall attractiveness of the location for investment.

Paramount CA Real Estate & City Facts

Key facts and real estate information about Paramount CA.

What are some of the best neighborhoods to live in Paramount? +
Some of the best neighborhoods to live in Paramount include Orange and Alondra, which are known for their affordability and safety. Other neighborhoods like Madison St and Cerritos are also popular among residents. However, it's worth noting that the southwest regions of the city tend to have more affordable homes, while the northeast parts are more desirable.
What are some fun things to do in Paramount? +
There are plenty of fun things to do in Paramount, including visiting the Paramount Iceland, Ralph C Dills Park, and the Paramount Drive-In Theatres. You can also explore the Paramount Park, Orange Avenue Splash Zone, and All American Park. If you're looking for more adventure, you can take a whale watching boat cruise or go on a sightseeing harbor tour in nearby Long Beach.
What is the food scene like in Paramount? +
The food scene in Paramount is diverse and exciting, with a range of restaurants serving different cuisines. Some popular spots include Waikiki Hawaiian Grill, Cafe Corleone, Antojitos Mexicanos Restaurant, and The Olive Restobar. You can also find great Thai food at Thai Curry, and delicious Mexican dishes at Casa Gamino. There are also plenty of great food trucks and casual eateries to grab a quick bite.
What are the pros and cons of living in Paramount? +
One of the pros of living in Paramount is its affordability, with a range of housing options available at different price points. The city also has a diverse community and a growing food scene. However, some cons include the higher crime rate in certain areas, and the need for a car to get around. Additionally, some residents have noted that the city can feel a bit rough around the edges, with some areas in need of renovation or repair.
Is Paramount a good place to live? +
Overall, Paramount can be a good place to live for those who are looking for an affordable and diverse community. While it may not have all the amenities and polish of more upscale cities, it has a certain charm and character that makes it appealing to many residents. With its growing food scene, range of outdoor activities, and convenient location near Long Beach, Paramount is definitely worth considering for those who are looking for a more laid-back and affordable lifestyle.

πŸ“Š Average Income For Paramount CA Commercial Property: $44,934

⭐ Featured

7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate

$2,100,000
Long Beach Multifamily

Discover a compelling value-add opportunity in the heart of Long Beach, California. This 7-unit multifamily property, lo...

Cap Rate 7.00%
NOI $144,960
Size 6,074 SF
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