Hawaiian Gardens, CA 90716 21601 Norwalk Boulevard
$1,725,000
13 more
Presented By: John McCann with Lyon Stahl Investment Real Estate, Inc.;
Home Details
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 Hawaiian Gardens Bingo Club, less than half a mile down Norwalk Blvd, further enhances its appeal.
Presented By: John McCann with Lyon Stahl Investment Real Estate, Inc.;
Interior Features for 21601 Norwalk Boulevard
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories
General for 21601 Norwalk Boulevard
Additional Parcels Y/NNo
Attached Garage No
Cap Rate3.02
Carport Y/NNo
CityHawaiian Gardens
CountyLos Angeles
Days on Market35
DirectionsTraveling West Down Carson Street from the Hawaiian Gardens Casino, Take A Left-Hand Turn Onto Norwalk Blvd. The Property Will Be Less Than A Quarter Mile Down The Road On Your Left Hand Side. Traveli
Electric On Property Y/NNo
Garage Y/NNo
HOA0.0
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet11832.0
Lot Size UnitsSquareFeet
MLS Area54 - Hawaiian Gardens
MobileHomeRemainsYNNo
Net Operating Income52116.0
New ConstructionNo
NumberOfUnitsTotal4
Private PoolNo
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
View Y/NNo
Waterfront Y/NNo
Year Built2023
ZoningHGC4*
Exterior for 21601 Norwalk Boulevard
Building Area Total3427.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2716
Lot Size Area11832.0
Open Parking Y/NNo
SpaNo
Total Parking14.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480