11979 Firestone BlvdNorwalk, CA 90650

Property Details for 11979 Firestone Blvd

Year built

1941

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

2,884 SF

Zone code

NOC3*

Property type

Investment properties

Property subtype

Live-work space

APN

8048-027-011

APU

8048027011

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $828,534

  6.5%

  $764,801

  7%

  $710,172

• Comparable approach

  Method

  Valuation

  Relative Method

  $548,421

  Geo Method

  $548,421

• Alternative Use

  Use

  Valuation

  Residential

  $948,353

  Hospitality

  $868,686

  Educational

  $722,737

  Medical

  $747,593

  Retail

  $1,124,257

Location Insight

City

Norwalk

County

Los Angeles

State

California

Latitude

33.9107

Longitude

-118.077

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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