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Mixed Use / Retail & Residencial ProForma 6.1 13809 Funston Ave 3,235 SF 100% Leased Flex Building Norwalk, CA 90650 $1,729,438 CAD ($534.60 CAD/SF)
Investment Highlights
- -Prime residential area in Norwalk with high street visibility at Funston Ave & Foster Rd.
- -The recorded size is 3,235 SF, the estimated usable area is approximately 4,050+ SF
- -R3 Zoning provides future development flexibility and value-add potential.
- -Maintained mixed-use property ideal for investors and owner-users alike.
- -Current Cap Rate of 4.29% with a clear path to 6.11% Pro Forma through market rent adjustments.
- -Immediate rental upside potential as current rents are below market.
Executive Summary
Prime residential area in Norwalk with high street visibility at the corner of Funston Ave & Foster Rd. This maintained, mixed-use property is ideal for both investors and owner-users. While the recorded size is 3,235 SF, the estimated usable area is approximately 4,050+ SF, offering significantly more functional space. Additionally, the R3 Zoning provides excellent future development flexibility and value-add potential. This unique, single-story building offers a versatile Mixed-Use / Stores & Residential combination. The property features a spacious studio currently utilized as a small chapel, alongside a comfortable residential section comprising 3 bedrooms and 2 bathrooms. The corner market has been successfully operating at this prime location for over 20 years. This is a rare opportunity for investors or anyone seeking a versatile space with both residential and commercial potential. Don't miss out!
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$131,161
|
$40.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$131,161
|
$40.54
|
| Taxes |
$18,678
|
$5.77
|
| Operating Expenses |
$6,815
|
$2.11
|
| Total Expenses |
$25,493
|
$7.88
|
| Net Operating Income |
$105,667
|
$32.66
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $131,161 |
| Annual Per SF | $40.54 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $131,161 |
| Annual Per SF | $40.54 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,678 |
| Annual Per SF | $5.77 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,815 |
| Annual Per SF | $2.11 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $25,493 |
| Annual Per SF | $7.88 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $105,667 |
| Annual Per SF | $32.66 |
Property Facts
| Price | $1,729,438 CAD | Lot Size | 0.16 AC |
| Price Per SF | $534.60 CAD | Rentable Building Area | 3,235 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Sale Condition | Building in Shell Condition | Year Built | 1924 |
| Property Type | Flex | ||
| Zoning | R3 | ||
| Price | $1,729,438 CAD |
| Price Per SF | $534.60 CAD |
| Sale Type | Investment or Owner User |
| Sale Condition | Building in Shell Condition |
| Property Type | Flex |
| Lot Size | 0.16 AC |
| Rentable Building Area | 3,235 SF |
| No. Stories | 1 |
| Year Built | 1924 |
| Zoning | R3 |
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 8056-020-006 | Total Assessment | $459,597 CAD (2025) |
| Land Assessment | $279,758 CAD (2025) | Annual Taxes | $18,678 CAD ($5.77 CAD/SF) |
| Improvements Assessment | $179,839 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
8056-020-006
Land Assessment
$279,758 CAD (2025)
Improvements Assessment
$179,839 CAD (2025)
Total Assessment
$459,597 CAD (2025)
Annual Taxes
$18,678 CAD ($5.77 CAD/SF)
Tax Year
2026
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Mixed Use / Retail & Residencial ProForma 6.1 | 13809 Funston Ave
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