12340 Firestone Blvd Norwalk, CA 90650
Property profile & analytics
12340 Firestone Blvd Norwalk, CA 90650
- Office buildings
- 3,448 SF
- 0.20 lot acres
Property ID
US09-8593934
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- GreenLine Express / Freight Service / Logistics Company
- Firestone / (Bike/Boat/Book/etc) Store / Auto Parts Store
- Scontruct Architecture / Architect
Property Details for 12340 Firestone Blvd
- Year built
- 1962
- Construction
- WOOD
- Lot size
- 0.20 lot acres
- Property size
- 3,448 SF
- Zone code
- NOC3*
- Property type
- Office buildings
- APN
- 8056-012-016
- APU
- 8056012016
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,455,000
- ML approach
- $1,465,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $975,000
- 6.5%
- $900,000
- 7%
- $835,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,671,000
Market price range: $356k - $1.67M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,605,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $2,100,000 Change: +31% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,595,000 Change: -1% Conversion: Difficult
- MEDICAL BUILDING
- $1,565,000 Change: -2% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Norwalk
- County
- Los Angeles
- State
- California
- Longitude
- -118.07
- Latitude
- 33.9062
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,002
$468,180
$775,098
$1,243,278
-
$0.00
$0.00
$0.00
