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Leased Investment w/Upside or User Building 13818 San Antonio Dr 16,348 SF 77% Leased Retail Building Norwalk, CA 90650 $3,200,000 ($195.74/SF) 3.67% Cap Rate
Investment Highlights
- Excellent Value Add Opportunity
- 2 Parcel Sale w/ +/- 70 Parking Spaces
- MTM and Short-term Tenancy
- Medical or Retail/Office - Owner User Opportunity
Executive Summary
Kidder Mathews and The Kanner Group have been retained as the exclusive agents to market this free-standing retail/office building in Norwalk. The parcels are situated on the San Antonio Drive corridor, just under a half-mile from the 5 Freeway entrance and exit.
The offering is comprised of two separate parcels. The larger parcel is a two-story building with approximately 6,350 SF of second-floor office space and approximately 10,000 SF of ground-floor, multi-tenant retail, with a diverse tenant mix including a liquor store, optometrist, and dog groomer. An adjacent 6,900 SF parking lot, separated by a 20-foot alley, is included. The parcels will be sold together.
The offering is comprised of two separate parcels. The larger parcel is a two-story building with approximately 6,350 SF of second-floor office space and approximately 10,000 SF of ground-floor, multi-tenant retail, with a diverse tenant mix including a liquor store, optometrist, and dog groomer. An adjacent 6,900 SF parking lot, separated by a 20-foot alley, is included. The parcels will be sold together.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$195,020
|
$11.93
|
| Other Income |
$30,208
|
$1.85
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$225,228
|
$13.78
|
| Taxes |
$37,500
|
$2.29
|
| Operating Expenses |
$70,326
|
$4.30
|
| Total Expenses |
$107,826
|
$6.60
|
| Net Operating Income |
$117,402
|
$7.18
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $195,020 |
| Annual Per SF | $11.93 |
| Other Income | |
|---|---|
| Annual | $30,208 |
| Annual Per SF | $1.85 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $225,228 |
| Annual Per SF | $13.78 |
| Taxes | |
|---|---|
| Annual | $37,500 |
| Annual Per SF | $2.29 |
| Operating Expenses | |
|---|---|
| Annual | $70,326 |
| Annual Per SF | $4.30 |
| Total Expenses | |
|---|---|
| Annual | $107,826 |
| Annual Per SF | $6.60 |
| Net Operating Income | |
|---|---|
| Annual | $117,402 |
| Annual Per SF | $7.18 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
16,348 SF
Building Class
C
Year Built
1969
Price
$3,200,000
Price Per SF
$195.74
Cap Rate
3.67%
NOI
$117,402
Percent Leased
77%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.76 AC
Zoning
NOC3 + R3-P - Neighborhood Office Commercial
Parking
70 Spaces (4.28 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Lopez & Assoc
- Professional, Scientific, and Technical Services
- -
- -
- -
- Lynda's Grooming Room
- Services
- -
- -
- -
- Paul Crismon Inc
- Health Care and Social Assistance
- -
- -
- -
- San Antonio Spirit Shop
- Retailer
- -
- -
- -
- Su Kyong Lee Inc
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Lopez & Assoc | Professional, Scientific, and Technical Services | - | - | - | ||
| Lynda's Grooming Room | Services | - | - | - | ||
| Paul Crismon Inc | Health Care and Social Assistance | - | - | - | ||
| San Antonio Spirit Shop | Retailer | - | - | - | ||
| Su Kyong Lee Inc | Health Care and Social Assistance | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 8056-022-033 | Total Assessment | $2,043,137 |
| Land Assessment | $1,081,661 | Annual Taxes | $37,500 ($2.29/SF) |
| Improvements Assessment | $961,476 | Tax Year | 2025 |
Property Taxes
Parcel Number
8056-022-033
Land Assessment
$1,081,661
Improvements Assessment
$961,476
Total Assessment
$2,043,137
Annual Taxes
$37,500 ($2.29/SF)
Tax Year
2025
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Leased Investment w/Upside or User Building | 13818 San Antonio Dr