$ 1,725,000
21601 Norwalk Boulevard Hawaiian Gardens, CA 90716
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$ 1,725,000
Est. payment | /mo
3,427 SqFt
$ 1,725,000
Est. payment | /mo
3,427 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 3,427 sqft
Price per Sqft $503
MLS Listing ID CL24412891
HOA Y/N No
Year Built 2023
Lot Size 0.272 Acres
Acres 0.27
Property Description
Located at 21601 Norwalk Blvd in Hawaiian Gardens, this four-unit retail building presents an outstanding investment opportunity. Ideal for an investor seeking to add value and develop new possibilities, it is equally suited for an owner-user looking to expand their existing business or launch a new venture in the area. This property features both brand-new and well-maintained units. In 2023, the owner developed two entirely new units on the parcel, adding modern construction to the offering. The other two units, built in 1959, have been well kept by the owner, maintaining their charm and functionality. Currently, the property is fully occupied with three tenants, one of which occupies the two newly built units. Listed for sale at $1,725,000, the property is priced at $503 per square foot and $431,250 per unit. It generates a rental income of $6,997 per month, totaling $83,964 annually. This results in a 3.02% cap rate and a 20.54 GRM. Situated on a highly visible section of Norwalk Blvd, the property benefits from an average of +/- 26,000 cars driving by daily, ensuring significant exposure to potential customers. The property's proximity to notable landmarks such as the Hawaiian Gardens Casino, located just around the corner on Carson St, and the equally well-trafficked Hawaiia
Location
State CA
County Los Angeles
Area Listing
Zoning HGC4
Interior
Fireplace No
Exterior
Total Parking Spaces 14
Building
New Construction No
Others
Tax ID 7065016039
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by John McCann • Lyon Stahl Investment Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "