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    FOR SALE
    Office buildings

    12340 Firestone Blvd, Norwalk, CA 90650

    3,448 SF 0.2 ac lot Built 1962
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US09-8593934
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1962
    Construction WOOD
    Total area 3,448 SF
    Lot 0.2 ac (8,833 SF)
    Zoning code NOC3*
    APN 8056-012-016
    UPID US09-8593934
    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
    • GreenLine Express Freight Service Logistics Company
    • Firestone (Bike/Boat/Book/etc) Store Auto Parts Store
    • Scontruct Architecture Architect
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.47M
    CAP Approach CAP
    $900k
    Comparable Approach Comparable
    $1.67M
    Blend (final) Blend
    $1.46M
    Owner & transaction history
    Jwch Institute INC · 4 yrs held
    Jwch Institute INC
    since 2022
    Last sale
    $1.4M
    7 recorded transactions
    2022
    2021
    $1.4M
    2020
    2019
    2019
    2019
    $940,000
    2006
    $500,000
    Zoning & alternative use
    NOC3* · Norwalk, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $2.1M +30.9%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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