16024 Pioneer Blvd, Norwalk, CA 90650
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16024 Pioneer Blvd Norwalk, CA 90650

$875,000 Sold Price as of 08/25/2023
  • -- Beds
  • -- Baths
  • 2,700 Sq.Ft.
Sold
$875,000 Sold Price as of 08/25/2023 Refinance Your Mortgage

Map preview of 16024 Pioneer Blvd, Norwalk, CA 90650

Property Overview: 16024 Pioneer Blvd Norwalk, CA has -- bedrooms, -- bathrooms, 2,700 living square feet and 3,968 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Quality Mixed Use Investment Opportunity - One 2700 sq. ft. Commercial Retail Building with 2 - 1350 sq. ft. units, a single-tenant Liquor Store, and single tenant Taco Fish Restaurant located in Norwalk, California. This property is currently leased to a local and experienced convenience store operator – "Cheap Liquor Store", but for the past 10 years run by the owner of "Cheap Liquor Store" and has been operating ever since and serves the local neighborhood and community. This is an excellent opportunity for an investor looking to add value and capitalize on the growing commercial market. If vacant could accommodate nearly most commercial/industrial uses. The subject has adequate frontage, good ingress, and egress, adequate coverage ratio, and adequate parking capabilities. The subject property is within the M-1, Light Manufacturing zone, allowing commercial uses, and has a consistent land use designation. Close to the Santa Ana Freeway (I-5) and San Gabriel River Freeway (I-605) intersect at its northern edge, while the Century Freeway (I-105) intersects with the I-605 at the city's western edge. The Artesia Freeway (91) passes east/west just south of the city boundary. This Commercial Building is also perfect for the OWNER-USER to operate his or her business in the street front store and collects monthly rent from the other Tenant in the same building. The landlord's responsibility is limited to only taxes, insurance, and roof maintenance, a hassle-free investment, while the tenant's responsibility for all other expenses offers a predictable source of rental income. Don't miss out on this opportunity to acquire a stable and profitable asset for your portfolio. PLEASE DO NOT DISTURB CURRENT TENANTS. DRIVE BY and CALL LISTING AGENT.

Listed by Anthony Cullors | BRE #01240905 | HomeSmart Realty West
Last checked: 4 minutes ago | Last updated: August 26th, 2023 | Source CRMLS | DOM: 100

Home details

Lot Sq. Ft
3,968
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
SW23061541
City
Norwalk
County
Los Angeles
Time on Site
439 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Leased Units: 2
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.72%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $40,000
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Insurance: $9,346

Property Details for 16024 Pioneer Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot, Level with Street, Level, Near Public Transit, Paved, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 7009005001
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: 605 TO 91 EXIT PIONEER BLVD TURN LEFT TO 16024 Pioneer Blvd, Norwalk 90650
View more facts & features

Local Norwalk Agent

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Sale History for 16024 Pioneer Blvd

Last sold for $875,000 on August 25th, 2023
  • August, 2023

  • Aug 25, 2023

    Date

    Sold

    CRMLS: SW23061541

    $875,000

    Price

  • Apr 14, 2023

    Date

    Active

    CRMLS: SW23061541

    $950,000

    Price

  • September, 2013

  • Sep 4, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 16024 Pioneer Blvd

Assessed Value (2020): $115,635
Year Land Value Improved Value Assessed Value
2020 $34,717 $80,918 $115,635

Home Value Compared to the Market

This property vs the competition

16024 Pioneer Blvd sold on August 25, 2023 for 29.25% higher than the current median sold price for the city of Norwalk which is $735,000. The median sold price per/sqft for Norwalk is $610 and this home is sold at $351.85 per/sqft which puts the price per square foot 42.32% lower than the current median sale per square foot for the city of Norwalk.

About 16024 Pioneer Blvd

Detailed summary of property

16024 Pioneer Blvd is a mixed use that recently sold in Norwalk, CA 90650. This mixed use property offered -- bedrooms, -- bathrooms, roughly 2,700 living square feet, and sits on an approximately 3,968 square foot lot. 16024 Pioneer Blvd was first listed on ArdentRealEstateGroup.com on April 14, 2023. The homeowner sold the property for $875,000. Home in Norwalk are selling for a median price of $735,000 and a median price per square foot of $610. Based on Ardent Real Estate Group's Norwalk Market Data, this home is sold 29.25% higher than the current median priced home. Local homes that are currently for sale include 11010 Willowbrook Ave, 1129 S Lemon St and 9920 S Central Ave. While the average home in Norwalk, CA is selling in 37 days, 16024 Pioneer Blvd has a days on market of 100 days. There are currently 102 homes for sale in the Norwalk real estate market and 94 of them are single family homes while 6 of them are condos and 2 are townhomes. For more information on this home for sale at 16024 Pioneer Blvd Norwalk, CA 90650 contact Ardent Real Estate Group and we will put you in touch with one of our Norwalk agents.

Public Facts for 16024 Pioneer Blvd

Public county record property details
Beds
--
Baths
--
Year built
1956
Sq. Ft.
2,700
Lot Size
3,967
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
--
APN
7009-005-001

The source for these homes facts are from public records.

90650 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$729,777
Median List Price/Sq.Ft.
$600
Median Sold Price
$735,000
Median Sold Price/Sq.Ft.
$574
Total Inventory
102
Median Sale to List Price %
102.8%
Avg Days on Market
19
Loan Type
Conventional (37.5%), FHA (12.5%), VA (16.67%), Cash (16.67%), Other (16.67%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.