11642 Firestone BlvdNorwalk, CA 90650

  • Office properties
  • 10,040 SF
For Lease
$25.80/SF/YR View listing

Property Details for 11642 Firestone Blvd

Year built
1955
Construction
TILT-UP CONCRETE
Lot size
0.99 AC
Property size (Sq ft)
10,040 SF
Zone code
NOC3VV
Property type
Office properties
Property subtype
Office buildings
APN
8048-007-002
APU
8048007002

Description

This exceptional 43,000 square foot commercial land parcel, located at 11642A Firestone Blvd, Norwalk, CA 90650, presents a unique investment opportunity. Zoned NOC3, this single-tenant property boasts 215 feet of frontage on Firestone Boulevard and is conveniently situated near the intersection of Firestone and Pioneer. The ground lease price has been significantly reduced to $0.50 per square foot per month plus NNN. The existing building is easily demolished, making it perfect for redevelopment. Its prime location adjacent to a bustling Northgate Market ensures high visibility and foot traffic. The area benefits from a dense population and excellent freeway access via the I-5, I-605, and I-105 freeways. This property is also available for sale at $4,300,000. The City of Norwalk is actively encouraging multi-family development, with or without retail components, and three adjacent parcels are designated for residential development. Combining this property with the adjacent parcels would create a substantial approximately 4.5-acre site, presenting significant development potential. APN: 8048-007-002. This is a rare chance to acquire a strategically located commercial property in a thriving Los Angeles County (south) submarket.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,884,356
    6.5%
    $2,662,483
    7%
    $2,472,305
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,909,206
    Geo Method
    $1,909,206
  • Alternative Use

    Use
    Valuation
    Residential
    $3,301,478
    Hospitality
    $3,024,136
    Educational
    $2,516,046
    Medical
    $2,602,577
    Retail
    $3,913,850
11642 Firestone Blvd, Norwalk, California

Location Insight

City
Norwalk
County
Los Angeles
State
California
Latitude
33.9141
Longitude
-118.085
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$30,320
$1,562,371
$600,910
$2,163,281
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