Log In/Sign Up
Your email has been sent.
Mixed Use / Retail & Residencial ProForma 6.1 13809 Funston Ave 3,235 SF Retail Building Norwalk, CA 90650 $1,250,000 ($386.40/SF)
Investment Highlights
- -Prime residential area in Norwalk with high street visibility at Funston Ave & Foster Rd.
- -The recorded size is 3,235 SF, the estimated usable area is approximately 4,050+ SF
- -R3 Zoning provides future development flexibility and value-add potential.
- -Maintained mixed-use property ideal for investors and owner-users alike.
- -Current Cap Rate of 4.29% with a clear path to 6.11% Pro Forma through market rent adjustments.
- -Immediate rental upside potential as current rents are below market.
Executive Summary
Prime residential area in Norwalk with high street visibility at the corner of Funston Ave & Foster Rd. This maintained, mixed-use property is ideal for both investors and owner-users. While the recorded size is 3,235 SF, the estimated usable area is approximately 4,050+ SF, offering significantly more functional space. Additionally, the R3 Zoning provides excellent future development flexibility and value-add potential. This unique, single-story building offers a versatile Mixed-Use / Stores & Residential combination. The property features a spacious studio currently utilized as a small chapel, alongside a comfortable residential section comprising 3 bedrooms and 2 bathrooms. The corner market has been successfully operating at this prime location for over 20 years. This is a rare opportunity for investors or anyone seeking a versatile space with both residential and commercial potential. Don't miss out!
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$94,800
|
$29.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$94,800
|
$29.30
|
| Taxes |
$13,500
|
$4.17
|
| Operating Expenses |
$4,926
|
$1.52
|
| Total Expenses |
$18,426
|
$5.70
|
| Net Operating Income |
$76,374
|
$23.61
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $94,800 |
| Annual Per SF | $29.30 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $94,800 |
| Annual Per SF | $29.30 |
| Taxes | |
|---|---|
| Annual | $13,500 |
| Annual Per SF | $4.17 |
| Operating Expenses | |
|---|---|
| Annual | $4,926 |
| Annual Per SF | $1.52 |
| Total Expenses | |
|---|---|
| Annual | $18,426 |
| Annual Per SF | $5.70 |
| Net Operating Income | |
|---|---|
| Annual | $76,374 |
| Annual Per SF | $23.61 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,235 SF
Building Class
C
Year Built
1924
Price
$1,250,000
Price Per SF
$386.40
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.16 AC
Zoning
R3
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 8056-020-006 | Total Assessment | $333,092 (2025) |
| Land Assessment | $202,754 (2025) | Annual Taxes | $13,500 ($4.17/SF) |
| Improvements Assessment | $130,338 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
8056-020-006
Land Assessment
$202,754 (2025)
Improvements Assessment
$130,338 (2025)
Total Assessment
$333,092 (2025)
Annual Taxes
$13,500 ($4.17/SF)
Tax Year
2026
1 of 20
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
