Mixed-Use Complex on Firestone
For Sale
$1,098,000
11979 Firestone Boulevard, Norwalk, CA 90650
Mixed-use property with retail storefronts and residential units.
Property Size2,884 SF
Days on Market143
Property Features for 11979 Firestone Boulevard
General Information
Standard status
Active
Size
2,884 SF
Total Parking Spaces
6
Building Details
Building Size
2,884 SF
Year Built
1941
Stories
1
Listing Agency:
Goldland Pro Realty
(562) 805-6950
Listed By:
Arsenio Javier · License #01870175
(562) 805-6950
Source:
Evrealestate
Added: Apr 3
Changed: Aug 23
Last Checked: Aug 22 at 11:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Goldland Pro Realty
Investment Insights
Based on property information with market context.
This mixed-use complex presents an investment opportunity with both commercial and residential income streams. The property features three retail storefronts fronting Firestone Blvd, offering visibility for local businesses. There are also three residential units accessible via Kalnor Ave at the rear, providing a private and separate entrance. The residential component includes one studio unit and two one-bedroom units, each with a private bathroom. One end unit has been recently renovated with modern finishes. The property has stable, long-term tenants in place across both the retail and residential spaces. The location has a walk score of 72, indicating it is very walkable, a bike score of 47, indicating it is somewhat bikeable, and a transit score of 42, indicating some transit options are available.
Key Highlights
- Mixed‑use property with commercial and residential income.
- Located on high‑traffic Firestone Blvd, providing excellent visibility.
- Stable, long‑term tenants in place, ensuring immediate cash flow.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,194
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$923,880
$923.9K
Cap Rate 7%
$659,914
$659.9K
Cap Rate 9%
$513,267
$513.3K
Market Conditions
NOI Build-Up for 2,884 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$88.6K $30.72/SF
− Vacancy
−$4.6K −$1.60/SF
EGI
$84.0K $29.12/SF
− OpEx
−$37.8K −$13.11/SF
NOI
$46.2K $16.02/SF
Area
Norwalk, CA
Vacancy
5.20%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$923,880
Cap Rate 7%
$659,914
Cap Rate 9%
$513,267
Alternative Uses
Best Use
Apartment 5plus
$659.9K
$577.4K – $769.9K
NOI $46,194 @ 7.0% cap · market cap 4.21%
Second Best
Mixed Use
$601.2K
$526.1K – $701.5K
NOI $42,087 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$912.2K
$798.2K – $1.06M
NOI $63,857 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,822
Businesses Nearby
Explore this area
Business Placement
Demographics for 90650, CA
102,891
Population
27,346
Households
3.8
Avg Household Size
37
Median Age
21%
College-Educated
77%
High-School Grad
9.9 sq mi
ZIP Area
10,393
Density / Sq Mi
$98,709
Median Household Income
$42,060
Median Earnings
$2,014
Median Rent
$616,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with retail storefronts and residential units.
Where is this mixed-use property located?
The property is located at 11979 Firestone Boulevard Norwalk, CA.
What is the asking price?
The asking price for this property is $1,098,000.
What are key features of this property?
This property features: Mixed‑use property with commercial and residential income.; Located on high‑traffic Firestone Blvd, providing excellent visibility.; Stable, long‑term tenants in place, ensuring immediate cash flow.
