16539 Leffingwell RdWhittier, CA 90603

Property Details for 16539 Leffingwell Rd

Year built

1965

Lot size

0.54 AC

Property size (Sq ft)

8,500 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents the Leffingwell Center, a 8,500-square-foot shopping center located at 16539 Leffingwell Rd, Whittier, CA 90603. This fee-simple property boasts nine units in a single-story building, situated on a 0.54-acre lot and zoned C2. Built in 1965 and extensively renovated in 2023, the center enjoys 100% occupancy under a NNN lease structure. The property benefits from a highly visible location, just half a block from a Costco, further enhanced by prominent pylon signage. Its strategic position in Whittier, bordering Los Angeles and Orange Counties, places it within a densely populated area exceeding 406,000 residents within a five-mile radius. The center's proximity to national retailers like Dollar Tree, Advanced Auto Parts, KFC, and McDonald's, along with nearby apartments and schools, ensures strong tenant demand and consistent cash flow. The asking price is $3,500,000, representing a 5.42% cap rate. This multi-tenant retail center offers a compelling investment opportunity for those seeking a stable, high-performing asset in a thriving market. The property includes 35 parking spaces. This is a 1031 exchange eligible property.

Location Insight

City

Whittier

County

Los Angeles

State

California

Latitude

33.932

Longitude

-117.978

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