About this home

Back on Market after Buyer could not perform! 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 ground-floor retail occupied by a tenant with 3+ years remaining on a NNN lease, plus a 1-bedroom residential unit above. The rear building offers two stacked 2-bedroom residential units with one unit delivered vacant. 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: Street-front retail with 3+year lease + 1-bed unit above -Rear building: (2) 2-bed units -Residential units all month-to-month (upside flexibility) -Possible SBA financing available through business purchase -Excellent location near freeways, schools, and major businesses A unique blend of stable income, flexible occupancy, and redevelopment potential, 13000 Paramount Blvd offers investors and entrepreneurs a truly versatile Downey asset. *Possible purchase of retail business. Inquire with broker.

Facts and features

Schools

• Imperial Elementary School

  elementary · K-3 · 0.6 mi

  7

• Stauffer Middle School

  middle · 6-8 · 1.4 mi

  6

• Warren High School

  high · 9-12 · 1.4 mi

  7

• St Pius X - St. Matthias High School

  high · 9-12 · 0.2 mi

• Old River Elementary School

  elementary · 4-5 · 1.3 mi

  6

• Redbai Creative Learning

  elementary · K-12 · 0.2 mi

Price history

• Aug 28, 2026 · Relisted$1,350,000
• Aug 14, 2026 · Listing Removed—
• Oct 31, 2025 · Listed$1,350,000
• Jan 9, 2024 · Listing Removed—
• Jul 19, 2023 · Listed$1,275,000
• Dec 24, 1981 · Sold$75,000

Tax history

• 2025$2,667 tax · $142,759 assessed
• 2024$2,598 tax · $139,961 assessed
• 2023$2,567 tax · $134,529 assessed
• 2022$2,436 tax · $131,893 assessed
• 2021$2,310 tax · $129,308 assessed
• 2020$2,278 tax · $127,983 assessed
• 2019$2,347 tax · $125,474 assessed
• 2018$2,187 tax · $123,015 assessed

Where it is