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10970 Firestone Blvd 1,540 SF Retail Building Norwalk, CA 90650 $2,997,000 ($1,946.10/SF) 4.62% Cap Rate
INVESTMENT HIGHLIGHTS
- Near several large dealerships including McKenna and Norwalk Toyota
- Centrally located to I-5 and I-605 Freeways
- Corner Lot of major intersection - Firestone & Studebaker
EXECUTIVE SUMMARY
Opportunity to purchase a prime corner lot previously used as a gas station. Stable rental income for the past 25 years as an automotive dealership. Lease currently runs until 2027. Owner can use as an investment or owner occupy thereafter. Also a prime candidate for retail opportunities being adjacent to significant traffic from the I5/I605 freeways.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,540 SF
Building Class
C
Year Built
1968
Price
$2,997,000
Price Per SF
$1,946.10
Cap Rate
4.62%
NOI
$138,330
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.55 AC
Zoning
General Commercial (C-3) - General Commercial (C-3)
Parking
50 Spaces (32.47 Spaces per 1,000 SF Leased)
Frontage
125’ on Firestone Blvd
AMENITIES
- Corner Lot
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 8021-001-008 | Improvements Assessment | $192,866 (2025) |
| Land Assessment | $452,044 (2025) | Total Assessment | $644,910 (2025) |
PROPERTY TAXES
Parcel Number
8021-001-008
Land Assessment
$452,044 (2025)
Improvements Assessment
$192,866 (2025)
Total Assessment
$644,910 (2025)
1 of 7
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Presented by
Paul Park
10970 Firestone Blvd
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