Property profile

8400 Firestone Blvd Downey, CA 90241

OFF-MARKET
Retail space
Property ID
US09-7933194
12,296 SF 1.11 ac lot Built 2003
Entity Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 12,700 square foot free-standing retail building, formerly a CVS Pharmacy, presents a unique investment opportunity. Its prime location at the corner of Firestone Boulevard and Dolan Avenue ensures excellent visibility at a signalized intersection within a densely populated area. The property benefits from high traffic counts on this major thoroughfare, attracting significant customer flow. Current neighboring businesses include Diosa Restaurant, Silverlake Ramen, and AT&T Wireless, adding to the vibrant commercial environment. The surrounding area boasts an abundance of regional and national restaurants, retailers, and medical tenants, further enhancing the property's appeal. Nearby landmarks include Stonewood Mall, Downey Promenade, and Downey Landing, providing additional draw for potential customers. Downey itself is known for its high restaurant volume within Los Angeles County, making this location particularly attractive for food-related businesses. The property's proximity to Downey Theater and Downey High School (with over 4,200 students) offers significant foot traffic and potential customer base. The inclusion of a drive-thru adds considerable convenience and operational efficiency, making this a truly exceptional retail space. The property's APN is 6255-002-032. This is a single-tenant property offering significant potential for a variety of retail uses.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2003
Construction TILT-UP CONCRETE
Total area 12,296 SF
Lot 1.11 ac (48,396 SF)
Zoning code DOC3-M1*
APN 6255-002-032
UPID US09-7933194

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Crypto Atm
  • Atm
  • Bank Credit Union
  • Atm Kiosk

Location

8400 Firestone Blvd Downey, CA 90241-3844
Downey metro Census 551300 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$3.15M

Owner & transaction history

since 2007
7 recorded transactions
2016
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

DOC3-M1* · Downey, CA
Top alternative use upside
Office building $3.9M +8.9%
Commercial (general) $3.8M +6.5%
Warehouse, storage $3.6M +1.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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