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!
| MLS # | PW26118176 |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 108 |
| Listing Provided By | Coldwell Banker Best Realty | Ji Jung Lee |
| SQ Feet | 3,800 |
|---|---|
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 2 |
| Zoning | R3 |
| Acreage | 0.16 |
| Lot Features | Paved, Walkstreet |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Norwalk |
| Zip Code | 90650 |
| Area | M1 Norwalk |
| Listing VS Median (in 90650) | |
Price: $1,098,000 low | high Med: $750,000 sqft: 3,800 low | high Med: 1,050 $ / sqft: $289 low | high Med: $714 On site: 108 low | high Med: 54 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Norwalk |
| Zip Code | 90650 |
| Area | M1 Norwalk |
| Listing VS Median (in 90650) | |
Price: $1,098,000 low | high Med: $750,000 sqft: 3,800 low | high Med: 1,050 $ / sqft: $289 low | high Med: $714 On site: 108 low | high Med: 54 | |