For Sale
$1,188,000

11979 Firestone Blvd Norwalk, CA 90650

High-yield retail & residential complex in prime location.

Overview

Added:
Feb 3
Days on market:
82
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 Details for 11979 Firestone Blvd

Property type
Mixed-use properties
Square Feet
2,884 SF
Year Built
1941
Lot Size (sq. ft)
6,534 SF

Location Insight

City
Norwalk
County
Los Angeles
State
California
Latitude
33.91065
Longitude
-118.0773

FAQs

What type of property is this?
Mixed-use property - High-yield retail & residential complex in prime location.
Where is the mixed-use property located?
The property is located at 11979 Firestone Blvd Norwalk, CA.
What is the asking price?
The asking price for this property is $1,188,000.
How can I contact the broker?
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11979 Firestone Blvd
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