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Mixed Use / Retail & Residencial ProForma 6.1 13809 Funston Ave 3,235 SF Retail Building Norwalk, CA 90650 $1,754,788 CAD ($542.44 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 |
$133,083
|
$41.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$133,083
|
$41.14
|
| Taxes |
$18,952
|
$5.86
|
| Operating Expenses |
$6,915
|
$2.14
|
| Total Expenses |
$25,867
|
$8.00
|
| Net Operating Income |
$107,216
|
$33.14
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $133,083 |
| Annual Per SF | $41.14 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $133,083 |
| Annual Per SF | $41.14 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,952 |
| Annual Per SF | $5.86 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,915 |
| Annual Per SF | $2.14 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $25,867 |
| Annual Per SF | $8.00 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $107,216 |
| Annual Per SF | $33.14 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,235 SF
Building Class
C
Year Built
1924
Price
$1,754,788 CAD
Price Per SF
$542.44 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.16 AC
Zoning
R3
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 8056-020-006 | Total Assessment | $467,605 CAD (2025) |
| Land Assessment | $284,632 CAD (2025) | Annual Taxes | $18,952 CAD ($5.86 CAD/SF) |
| Improvements Assessment | $182,972 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
8056-020-006
Land Assessment
$284,632 CAD (2025)
Improvements Assessment
$182,972 CAD (2025)
Total Assessment
$467,605 CAD (2025)
Annual Taxes
$18,952 CAD ($5.86 CAD/SF)
Tax Year
2026
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Mixed Use / Retail & Residencial ProForma 6.1 | 13809 Funston Ave
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