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    11642 Firestone Blvd Norwalk, CA 90650

    Sponsored
    For Sale
    $4,300,000

    43,000 SF Commercial/Residential Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 43,000 square foot land parcel in Norwalk, CA, presents a remarkable investment opportunity. Located on high-traffic Firestone Boulevard (CA Hwy 42), this flat lot boasts 215 feet of frontage and is situated at a signalized intersection with Woods Avenue, ensuring excellent visibility and accessibility. All utilities are conveniently located on-site. The property is currently zoned C-3 in Los Angeles County, allowing for a variety of uses, as detailed in the attached Norwalk Zoning Code Land Use Matrix. An existing 10,400 square foot commercial building is present and could be repurposed for retail use. The city of Norwalk is actively encouraging dense residential development, with a proposed zone change aiming for 60 units per acre. The city has reportedly authorized the Environmental Impact Report based on this proposed change. This property is also available for a ground lease. The asking price is $4,300,000, translating to $100 per square foot. The property is vacant and offered fee simple, making it ideal for a 1031 exchange. The APN is 8048-007-002. Adjacent to a Northgate Supermarket, this site offers unparalleled potential for significant returns.

    Property Features for 11642 Firestone Blvd

    General Information

    Property type
    Land

    HighLights

    • $4,300,000 asking price for 43,000 SF land parcel.
    • Located at 11642 Firestone Blvd, Norwalk, CA 90650 (APN 8048‑007‑002).
    • C‑3 zoning in Norwalk, with potential for 60 units per acre (city‑proposed zone change).
    • 215 feet of frontage on Firestone Blvd (CA Hwy 42), at a signalized intersection.
    • Adjacent to Northgate Supermarket; all utilities on‑site.
    • Fee simple ownership; 1031 exchange available; broker co‑op.
    Property Profile Location Intelligence

    Current Use by Public Records

    Golden Empire Mortgage Mortgage Lender Berkshire Hathaway HomeServices ... Real Estate Agency René Arauz- GEM ... Mortgage Broker Berkshire Hathaway Home ... Real Estate Agency Real Estate in Norwalk Real Estate Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Los Angeles
    State
    California
    Longitude
    -118.08516342473
    Latitude
    33.914219311815

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    FAQs

    What type of property is this?
    Land - 43,000 SF Commercial/Residential Land
    Where is this land located?
    The property is located at 11642 Firestone Blvd Norwalk, CA.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: $4,300,000 asking price for 43,000 SF land parcel.; Located at 11642 Firestone Blvd, Norwalk, CA 90650 (APN 8048-007-002).; C-3 zoning in Norwalk, with potential for 60 units per acre (city-proposed zone change).
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    11642 Firestone Blvd Norwalk, CA 90650
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    Norwalk, CA 90650
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11642 Firestone Blvd Norwalk, CA 90650
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