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    OFF-MARKET
    Investment properties

    11979 Firestone Blvd, Norwalk, CA 90650-2905

    2,884 SF 0.15 ac lot Built 1941
    Trust Owned 20-yr Hold Absentee Owner Free & Clear
    Property ID
    US09-7524145
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1941
    Construction WOOD
    Total area 2,884 SF
    Lot 0.15 ac (6,749 SF)
    Zoning code NOC3*
    APN 8048-027-011
    UPID US09-7524145
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Avalon Beauty Salon & Barber Shop Barber Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Javier Juan M & B P Fam Trust · 20 yrs held
    Javier Juan M & B P Fam Trust
    since 2006
    7 recorded transactions
    2006
    2004
    2001
    2001
    $207,000
    2001
    $140,000
    2000
    $68,000
    1969
    Zoning & alternative use
    NOC3* · Norwalk, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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