11912-11914 Rosecrans Ave - Storefront FOR SALE


Norwalk, CA 90650
$788,000 USD
626-318-2907
11912-11914 Rosecrans Ave, Norwalk, CA for Sale
$788,000 USD
Storefront - FOR SALE
1/7
null | 5.65% Cap Rate

11912-11914 Rosecrans Ave
Norwalk, CA 90650


OVERVIEW

BIG DISCOUNT! This storefront retail property consists of three tenants with 750 sq. ft. each. The Tax office unit has been in business for 5 years. Juice Bar business has been in this business for 10 yr. The vacant hair salon had been in business for 10 years until the tenant decided to retire. There are five parking stalls plus one handicap parking in the back. The units are very easily rented due to the small unit size. Juice Bar is base rent $1,127+CAM $964, Tax Office is Base Rents $1,094.00+CAM $750.00 each a month. Hair Salon used to be $2273 a month. The property’s roof has been totally renovated. The copper water supply lines from the city main terminal were replaced and rerouted to all 3 units along with broken main drain under sidewalk. Electrical wiring in all units inspected and all 3 old and outdated electrical breaker panels replaced. This small strip is located on highly visible Rosecrans Avenue and ideally surrounded by established residences with retirees where there’s growing demand for personal services of hair salons, barber, nail shops, insurance, income tax, low cost takeout foods and drinks etc. Rent right now is lower than market. Seller is motivated to sell.

FOR SALE DETAILS

PRICE

$788,000 USD

PRICE/SF

$350 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,401 SF

ZONING

NOC3-P*

APN/PARCEL ID

8073-006-013

ASK ABOUT THIS PROPERTY

Yumei SunYS168 LLCMore Info
626-318-2907

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Yumei SunYS168 LLCMore Info
626-318-2907

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.