For Sale
$1,668,000

2635 Whittier BlvdLos Angeles, CA 90023

6-Unit Retail & Residential Complex

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 6-unit mixed-use property located at 2631-2639 Whittier Blvd, Los Angeles, CA 90023. The property encompasses 6,746 square feet on a 9,600 square foot lot and consists of two buildings: a 4-unit street-level retail building (approximately 5,030 sq ft) and a detached 2-story duplex (1,716 sq ft). Currently vacant, this C2-zoned property offers significant upside potential. Built in 1947 and renovated in 2012 (building permit issued for addition), it benefits from a high daily traffic count (approximately 30,000 vehicles) and proximity to major freeways (I-5, US-101, CA-60, and I-10). The property's current NOI is $100,128, with a pro-forma NOI of $115,811, yielding a 6.00% cap rate and a pro-forma cap rate of 6.94%. The asking price is $1,668,000 ($247.26/sq ft). The property is subject to Los Angeles City's Rent Stabilization Ordinance (RSO). Previous tenants included a restaurant, bar cafe, church, and uniform manufacturing business, showcasing the diverse possibilities for future occupancy. This property presents a compelling opportunity for both investors seeking strong returns and owner-users looking to establish a presence in a vibrant, high-traffic location. The property is a fee simple ownership.

Highlights

  • Flexible lease terms with a mix of month-to-month and short-term tenants.
  • Ideal for owner-occupancy or value-add investment strategies.
  • C2 and R4 zoning allows for diverse commercial and residential uses.
  • Excellent freeway access via I-5, I-710, SR-60, and proximity to the Sixth Street Viaduct.

Property Details for 2635 Whittier Blvd

Property type
Retail properties, Mixed-use properties
Square Feet
6,746 SF
Class
C
Year Built/Renovated
1947/2012
Buildings
2
Stories
1
Units
6

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.032929
Longitude
-118.2119427
2635 Whittier Blvd, Los Angeles, California

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2635 Whittier Blvd
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