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Listed by Ji Jung Lee • Coldwell Banker Best Realty
$ 1,098,000
Est. payment /mo
Price Dropped by $2K
Norwalk, CA 90650
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW-26118176
Year Built 1925
Property Sub-Type Mixed Use
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Huge Price Reduction! "Dunkin's Market in this unit is also for sale (Business and Property sold separately)."
Prime Mixed-Use Investment Opportunity in Norwalk!
Located in a highly desirable residential neighborhood with exceptional street visibility, this beautifully maintained mixed-use property sits on a prime corner lot at Funston Ave & Foster Rd. Perfect for both savvy investors and owner-users, this unique single-story building offers incredible versatility and value-add potential. While the recorded tax records show 3,235 SF, the property offers significantly more functional space in reality. Furthermore, the R3 Zoning provides excellent future development flexibility and tremendous upside.
The property features a dynamic combination of commercial and residential spaces. It includes a spacious studio currently utilized as a charming small chapel, alongside a comfortable and private residential quarters featuring 3 bedrooms and 2 bathrooms. Additionally, the well-established corner market has been successfully operating at this prime location for over 20 years, ensuring a steady presence. This is a rare opportunity to acquire a versatile property with both immediate cash flow and long-term development potential. Don't miss out on this Norwalk gem!
Prime Mixed-Use Investment Opportunity in Norwalk!
Located in a highly desirable residential neighborhood with exceptional street visibility, this beautifully maintained mixed-use property sits on a prime corner lot at Funston Ave & Foster Rd. Perfect for both savvy investors and owner-users, this unique single-story building offers incredible versatility and value-add potential. While the recorded tax records show 3,235 SF, the property offers significantly more functional space in reality. Furthermore, the R3 Zoning provides excellent future development flexibility and tremendous upside.
The property features a dynamic combination of commercial and residential spaces. It includes a spacious studio currently utilized as a charming small chapel, alongside a comfortable and private residential quarters featuring 3 bedrooms and 2 bathrooms. Additionally, the well-established corner market has been successfully operating at this prime location for over 20 years, ensuring a steady presence. This is a rare opportunity to acquire a versatile property with both immediate cash flow and long-term development potential. Don't miss out on this Norwalk gem!
Location
State CA
County Los Angeles
Area M1 - Norwalk
Zoning R3
Interior
Laundry Individual Room, Inside
Building
Lot Description Walkstreet, Paved