Norwalk, CA 90650,16024 Pioneer BLVD
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Norwalk, CA 90650,16024 Pioneer BLVD
Norwalk, CA 90650,16024 Pioneer BLVD
Norwalk, CA 90650,16024 Pioneer BLVD
Norwalk, CA 90650,16024 Pioneer BLVD

$875,000

Est. payment /mo

$950,000

7.9%
Est.Price: ?

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16024 Pioneer BLVD Norwalk, CA 90650

3,968 Sqft Lot

SOLD DATE : 08/25/2023

Key Details

Sold Price $875,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SW23061541

Sold Date 08/25/23

HOA Y/N No

Year Built 1956

Lot Size 3,968 Sqft

Property Description

Quality Mixed Use Investment Opportunity - One 2700 sq. ft. Commercial Retail Building with 2 - 1350 sq. ft. units, a single-tenant Liquor Store, and single tenant Taco Fish Restaurant located in Norwalk, California. This property is currently leased to a local and experienced convenience store operator – "Cheap Liquor Store", but for the past 10 years run by the owner of "Cheap Liquor Store" and has been operating ever since and serves the local neighborhood and community. This is an excellent opportunity for an investor looking to add value and capitalize on the growing commercial market. If vacant could accommodate nearly most commercial/industrial uses. The subject has adequate frontage, good ingress, and egress, adequate coverage ratio, and adequate parking capabilities. The subject property is within the M-1, Light Manufacturing zone, allowing commercial uses, and has a consistent land use designation. Close to the Santa Ana Freeway (I-5) and San Gabriel River Freeway (I-605) intersect at its northern edge, while the Century Freeway (I-105) intersects with the I-605 at the city's western edge. The Artesia Freeway (91) passes east/west just south of the city boundary. This Commercial Building is also perfect for the OWNER-USER to operate his or her business in the street front store and collects monthly rent from the other Tenant in the same building. The landlord's responsibility is limited to only taxes, insurance, and roof maintenance, a hassle-free investment, while the tenant's responsibility for all other expenses offers a predictable source of rental income. Don't miss out on this opportunity to acquire a stable and profitable asset for your portfolio. PLEASE DO NOT DISTURB CURRENT TENANTS. DRIVE BY and CALL LISTING AGENT.

Location

State CA

County Los Angeles

Area M1 - Norwalk

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry None

Exterior

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Building

Lot Description Corner Lot, Level, Near Public Transit, Paved, Street Level, Walkstreet

Story 1

Water Public

Others

Tax ID 7009005001

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Anthony Cullors • HomeSmart Realty West
Bought with Erica Moreno • Century 21 Allstars

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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