Building Details

Building Size 1,150 SF

Buildings 1

Listing Agency: Coldwell Banker Commercial BLAIR

Listed By: George Bustamante · License #01484265 Show Phone

Source: Cbcworldwide

Added: Oct 4 Last Checked: Oct 5 at 3:07PM

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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 Coldwell Banker Commercial BLAIR

Investment Insights

Based on property information with market context.

This freestanding storefront contains 1,150 square feet on a 3,061-square-foot corner lot in Hawaiian Gardens.

Access to I-605 places Cerritos, Long Beach, Lakewood, and the greater Los Angeles metro within a short drive.

Key Highlights

• 1,150‑square‑foot freestanding commercial building
• 3,061‑square‑foot corner lot
• Convenient access to I‑605

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,443

Cap Rate

5.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$508,860 $508.9K

Cap Rate 7%

$363,471 $363.5K

Cap Rate 9%

$282,700 $282.7K

Market Conditions

NOI Build-Up for 1,150 SF

Gross rent

$38.9K $33.84/SF

− Vacancy

−$2.6K −$2.23/SF

EGI

$36.3K $31.61/SF

− OpEx

−$10.9K −$9.48/SF

NOI

$25.4K $22.12/SF

Area

Los Angeles County, CA

Vacancy

6.60%

Lease Rate

$33.84 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$508,860

Cap Rate 7%

$363,471

Cap Rate 9%

$282,700

Alternative Uses

Best Use

Retail

$363.5K

$318.0K – $424.1K (±1% cap)

NOI $25,443 @ 7.0% cap · market cap 5.09%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$615.7K

$538.7K – $718.3K (±1% cap)

NOI $43,099 @ 7.0% cap · market cap 8.62%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Tech Support Center Food Market (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

994

Businesses Nearby

48k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 81% Shops & Services 13% Hotels & Casinos 6%

Food 4 Less Groceries

38,873 visits/mo 0.3 miles

O'Reilly Auto Parts Shops & Services

4,442 visits/mo 0.3 miles

Holiday Inn Express Hotels & Casinos

2,811 visits/mo 0.2 miles

StorAmerica Self Storage Shops & Services

1,784 visits/mo 0.4 miles

Demographics for 90716, CA

14,098

Population

3,988

Households

3.5

Avg Household Size

34

Median Age

17%

College-Educated

68%

High-School Grad

0.9 sq mi

ZIP Area

15,664

Density / Sq Mi

$76,235

Median Household Income

$36,531

Median Earnings

$1,696

Median Rent

$525,100

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - A freestanding commercial building offers convenient access to I-605.

Where is this storefront property located?

The property is located at 22122 Norwalk Blvd Hawaiian Gardens, CA.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: 1,150‑square‑foot freestanding commercial building; 3,061‑square‑foot corner lot; Convenient access to I‑605