11979 Firestone Blvd Norwalk, CA 90650
- Investment properties
- 2,884 SF
- 0.15 lot acres
Current Use by Public Records
- Avalon Beauty Salon & Barber Shop / Hair Salon / Barber Shop
Property Details for 11979 Firestone Blvd
- Year built
- 1941
- Construction
- WOOD
- Lot size
- 0.15 lot acres
- Property size
- 2,884 SF
- Zone code
- NOC3*
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 8048-027-011
- APU
- 8048027011
Description
This exceptional mixed-use property, located at 11979 Firestone Boulevard in Norwalk, California, presents a lucrative investment opportunity. The 2,884 square foot building sits on a 0.15-acre lot and boasts a strategic layout designed to maximize income potential. Three retail spaces face the bustling Firestone Boulevard, offering excellent street visibility and accessibility for customers. At the rear of the property, accessed via Kalnor Avenue, are three residential units: one studio and two one-bedroom apartments, each with its own private bathroom. This provides a diversified income stream, appealing to both retail and residential tenants. The property benefits from long-term, established tenants, minimizing vacancy risks and ensuring consistent cash flow. One of the residential units has undergone a complete renovation, enhancing its appeal and rental value. The asking price is significantly below market value, representing a compelling opportunity for investors seeking a strong return on investment in a desirable location. The property's combination of retail and residential components offers a unique and stable investment portfolio, making it an attractive proposition for discerning buyers. This is a rare chance to acquire a well-established, income-producing property in a thriving area of Norwalk. The property's size and configuration offer flexibility for future expansion or redevelopment, further enhancing its long-term value.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $230,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $250,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $210,000
- Retail
- $260,000
- Mixed-Use
- $215,000
- Hospitality
- $240,000
- Educational
- $250,000
- Residential Income
- $270,000
- Energy
- $225,000
- Income-Based Land
- $220,000
- Food Service
- $210,000
Location Insight
- Map
- Local Demand
- City
- Norwalk
- County
- Los Angeles
- State
- California
- Longitude
- -118.077
- Latitude
- 33.9107
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
