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Property profile & analytics
FOR SALE
Investment properties

11979 Firestone Blvd Norwalk, CA 90650

2,884 SF 0.15 ac lot Built 1941
Trust Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US09-7524145
Property summary
AI-generated overview

This exceptional mixed-use property, located at 11979 Firestone Boulevard in Norwalk, California, presents a lucrative investment opportunity. The 2,884 square foot building sits on a 0.15-acre lot and boasts a strategic layout designed to maximize income potential. Three retail spaces face the bustling Firestone Boulevard, offering excellent street visibility and accessibility for customers. At the rear of the property, accessed via Kalnor Avenue, are three residential units: one studio and two one-bedroom apartments, each with its own private bathroom. This provides a diversified income stream, appealing to both retail and residential tenants. The property benefits from long-term, established tenants, minimizing vacancy risks and ensuring consistent cash flow. One of the residential units has undergone a complete renovation, enhancing its appeal and rental value. The asking price is significantly below market value, representing a compelling opportunity for investors seeking a strong return on investment in a desirable location. The property's combination of retail and residential components offers a unique and stable investment portfolio, making it an attractive proposition for discerning buyers. This is a rare chance to acquire a well-established, income-producing property in a thriving area of Norwalk. The property's size and configuration offer flexibility for future expansion or redevelopment, further enhancing its long-term value.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1941
Construction WOOD
Total area 2,884 SF
Lot 0.15 ac (6,749 SF)
Zoning code NOC3*
APN 8048-027-011
UPID US09-7524145
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Avalon Beauty Salon & Barber Shop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Javier Juan M & B P Fam Trust · 20 yrs held
Javier Juan M & B P Fam Trust
since 2006
7 recorded transactions
2006
Price N/A
2004
Price N/A
2001
Price N/A
2001
$207,000
2001
$140,000
2000
$68,000
1969
Price N/A
Zoning & alternative use
NOC3* · Norwalk, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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