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Description

Onyx Legacy Group at EXP Commercial is pleased to present the Downey Avenue Project. This 0.47 acre parcel is currently zoned “PD-PS” or Planned Development with Performance Standards. Located just 15 miles southeast of Los Angeles in the high density area of Paramount, California. With about 53,000 people in less than a 5 miles radius, and roughly 16,000 – 20,000 people driving down Downey avenue per day, this is a great opportunity for someone looking to invest in a high traffic market. Seller has submitted plans for a new 5,789 sq ft building to be developed in place of the existing one. Seller is willing to sell the parcel alongside the existing plans, as is without plans, or offer a ground lease to future buyer/tenant.  The city is pushing for restoration of the area and would be open to other plans of re-development. Paramount is surrounded by many attractions, such as, Disney land, Dodger Stadium, California State University Long Beach and Universal studios, just to name a few. Some bordering cities include Long Beach, Torrence, Anaheim and Los Angeles. Los Angeles is one of the top major cities in the U.S. California is the #1 tourist destination in the country with about 213.5 million tourists a year.

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    0.47 Ac

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