For Sale
$1,595,000

12340 Firestone BlvdNorwalk, CA 90650

9-Unit Office Complex, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • Firestone courtyard office/live-work spaces.
  • Nine-unit income-producing office/live-work property with additional owner-occupied space.
  • Fully leased, nine remodeled office units, plus contractor's yard and parking.
  • Owner-occupied rear lot used for a plastering business; one office unit rented.
  • Partial vacancy possible for new owner.
  • Excellent freeway (5) and street access.

Property Details for 12340 Firestone Blvd

Property type
Office properties
Square Feet
3,448 SF
Year Built/Renovated
1962/2020
Lot Size (sq. ft)
12,197 SF
Units
9

Location Insight

City
Norwalk
County
Los Angeles
State
California
Latitude
33.9062354
Longitude
-118.0703277
12340 Firestone Blvd, Norwalk, California

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12340 Firestone Blvd
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