For Sale
$2,399,000

6512 Bright Ave Whittier, CA 90601

Four-unit, move-in ready, mixed-use investment.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional mixed-use property in desirable Uptown Whittier, CA, presents a rare investment opportunity. The 4,805 square foot property, built in 1962 and extensively renovated in 2024, comprises two buildings on a 5,508 square foot lot. It features four units: two retail/office spaces and two residential units (a three-bedroom, two-bathroom, and a two-bedroom, two-bathroom). Building 1 houses a beautifully remodeled, approximately 1,897 square foot commercial space, currently configured as a med spa with seven themed rooms, but adaptable for office or retail use. This building also includes a 1,599 square foot, three-bedroom, two-bathroom residential unit with a private balcony and patio, currently operating as a short-term rental. Building 2 offers a ground floor storage area (potentially usable as a kitchen) with a remodeled restroom, and a 1,017 square foot, two-bedroom, two-bathroom residential unit with a private patio. The property boasts new flooring, paint, recessed lighting, and updated appliances throughout. One residential unit has a lease in place until October 2025. The property's zoning is UG (Uptown General), offering flexibility for various uses. With a current pro-forma NOI of $92,261 and a pro-forma cap rate of 3.85%, this owner-user or investment opportunity is priced at $2,399,000 ($499.27/sq ft and $599,750/unit). The property's location in Uptown Whittier provides access to charming streets, diverse dining, and boutique shopping, within the Los Angeles Metropolitan area.

Highlights

  • Four-unit building with two residential and two retail spaces.
  • Excellent investment opportunity with a mix of residential and commercial tenants.
  • Strong potential for rental income diversification.
  • Ideal for both owner-occupancy and passive income generation.

Property Details for 6512 Bright Ave

Property type
Day care centers & nurseries, Retail properties
Square Feet
4,805 SF
Year Built/Renovated
1962/2024
Buildings
2
Stories
2
Units
4

Location Insight

City
Whittier
County
Los Angeles
State
California
Latitude
33.9822441
Longitude
-118.0359931

FAQs

What type of property is this?
Day care center & nursery - Four-unit, move-in ready, mixed-use investment.
Where is the day care center & nursery located?
The property is located at 6512 Bright Ave Whittier, CA.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: Four-unit building with two residential and two retail spaces.; Excellent investment opportunity with a mix of residential and commercial tenants.; Strong potential for rental income diversification.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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6512 Bright Ave
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