6354 Painter AveWhittier, CA 90601

Property Details for 6354 Painter Ave

Year built

1916

Construction

WOOD

Lot size

0.45 AC

Property size (Sq ft)

4,518 SF

Zone code

WHCO*

Property type

Healthcare properties

Property subtype

Medical offices

APN

8137-012-025

APU

8137012025

Description

This exceptional 4,518 square foot office building, situated on a generous 0.45-acre lot (19,602 square feet), presents a compelling investment opportunity in the thriving city of Whittier, California. The property boasts significant development potential, offering the flexibility to either maintain its current use as a commercial office space or undergo a conversion into a multi-family residential building with up to eight units. The existing structure provides a solid foundation for either scenario. Its prime location offers unparalleled convenience and accessibility. Enjoy the proximity to a wealth of amenities, including Central Park, Whittier Public Library, Broadway Park, and the vibrant Uptown Whittier district. Nearby dining options include the popular Nixon Steakhouse, and essential services are readily available, such as the Whittier Animal Hospital. Families will appreciate the property's close proximity to highly-rated schools, including Lou Henry Elementary School, Walter F. Dexter Middle School, Whittier High School, and Whittier College. This property is ideally positioned to capitalize on the growing demand for both commercial and residential spaces in this desirable area of Whittier. The substantial lot size provides ample room for expansion or future development, making this an exceptional opportunity for discerning investors seeking a versatile and strategically located asset. The asking price of $1,498,000 reflects the property's significant potential and prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,297,960

  6.5%

  $1,198,117

  7%

  $1,112,537

• Comparable approach

  Method

  Valuation

  Relative Method

  $859,143

  Geo Method

  $859,143

• Alternative Use

  Use

  Valuation

  Residential

  $1,485,665

  Hospitality

  $1,360,862

  Educational

  $1,132,221

  Medical

  $1,171,160

  Retail

  $1,761,232

Location Insight

City

Whittier

County

Los Angeles

State

California

Latitude

33.983

Longitude

-118.032

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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