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
Price / SF$380.72
Days on Market189
Property Features for 11979 Firestone Boulevard
General Information
Standard status
Active
Size
2,884 SF
Building Details
Year Built
1941
Listing Agency:
Goldland Pro Realty
Listed By:
Arsenio Javier, Arsenio Javier · License #01870175
(626) 918-2049
Source:
Myfabuloushome
Added: Apr 4
Changed: Oct 2
Last Checked: Oct 7 at 4:52PM
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 / Yr
$46,194
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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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.
