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    12340 Firestone Blvd Norwalk, CA 90650

    Sponsored
    For Sale
    $1,595,000

    9-Unit Office Complex, High Cap Rate

    Property size:
    3,448 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,448 square foot executive office complex, located at 12340 Firestone Boulevard in Norwalk, California (90650), presents a lucrative investment opportunity. The property, built in 1962 and extensively renovated in 2020, boasts nine individual office units, each offering a blend of live/work functionality. Currently operating as a fully leased income property, the complex includes a contractor's yard and ample parking (15 spaces) on a 0.28-acre lot. The property is zoned C3, providing flexibility for future uses. The asking price is $1,595,000, representing a compelling 4.80% cap rate. The current owner utilizes a portion of the property for their own business, offering the potential for a new owner to occupy a portion of the space or lease it out entirely. The convenient location provides easy access from Firestone Boulevard and the 5 Freeway. The building's exterior and all office units have undergone recent renovations, ensuring a modern and attractive presentation. This property is ideal for an owner-user seeking a combination of income generation and personal workspace, or for an investor looking for a strong return on investment in a desirable location.

    Property Features for 12340 Firestone Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,448 SF
    Lot Size
    12,197 SF

    Building Details

    Year Built/Renovated
    1962/2020
    Units
    9

    HighLights

    • Firestone courtyard office/live‑work spaces.
    • Nine‑unit income‑producing office/live‑work property with additional owner‑occupied space.
    • Fully leased, nine remodeled office units, plus contractor's yard and parking.
    • Owner‑occupied rear lot used for a plastering business; one office unit rented.
    • Partial vacancy possible for new owner.
    • Excellent freeway (5) and street access.
    Property Profile Location Intelligence

    Current Use by Public Records

    GreenLine Express Freight Forwarding Service Firestone Tire Shop Scontruct Architecture Architect

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwalk
    County
    Los Angeles
    State
    California
    Longitude
    -118.0703277
    Latitude
    33.9062354

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    FAQs

    What type of property is this?
    Office Property / Space - 9-Unit Office Complex, High Cap Rate
    Where is this office property / space located?
    The property is located at 12340 Firestone Blvd Norwalk, CA.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: Firestone courtyard office/live-work spaces.; Nine-unit income-producing office/live-work property with additional owner-occupied space.; Fully leased, nine remodeled office units, plus contractor's yard and parking.
    Request Owner's contact information
    12340 Firestone Blvd 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
    12340 Firestone Blvd Norwalk, CA 90650
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