11912-11914 Rosecrans Ave 2,250 SF 67% Leased Retail Building Norwalk, CA 90650 $1,150,155 CAD ($511.18 CAD/SF) 5.37% Cap Rate

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 Electrical wiring in all units inspected and all 3 old and outdated electrical breaker panels replaced.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.