13015 Philadelphia StWhittier, CA 90601

Property Details for 13015 Philadelphia St

Year built

1922

Construction

TILT-UP CONCRETE

Lot size

0.08 AC

Property size (Sq ft)

3,563 SF

Zone code

WHC2UD*

Property type

Retail properties

Property subtype

Turn key restaurants

APN

8139-015-009

APU

8139015009

Description

This exceptional commercial property, located at 13015 Philadelphia Street in Whittier, California, presents a unique investment opportunity. The 3,563 square foot building sits on a 0.08-acre lot in the heart of Uptown Whittier, near affluent neighborhoods like Friendly Hills, Sun Gold Hills, Marvista, Michigan Park, and Whittwood Heights. Currently operating as a fully remodeled restaurant and bar, the property boasts a sophisticated ambiance that attracts a loyal clientele. However, its versatile design allows for a variety of upscale uses, including different restaurant concepts, live entertainment venues, or nightclubs. The strategic location ensures high foot and vehicle traffic, maximizing visibility and accessibility. The sale includes all equipment, furniture, and fixtures. A significant advantage is the inclusion of a 1,500 square foot basement featuring a walk-in refrigerated liquor room and an elevator shaft, along with dedicated office space. The property also benefits from ABC liquor licenses 47 and 58, ideal for off-site catering. The City of Whittier permits the construction of a patio or additional outdoor entertainment space, further enhancing the property's potential. The large, fully equipped kitchen allows for extended operating hours, currently permitted until 2:00 AM daily. This turnkey operation represents a substantial investment opportunity with significant upside potential. The asking price is $2,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,504,694

  6.5%

  $1,388,949

  7%

  $1,289,738

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,707,401

  Geo Method

  $1,707,401

• Alternative Use

  Use

  Valuation

  Residential

  $1,171,630

  Hospitality

  $1,073,207

  Educational

  $892,896

  Medical

  $923,604

  Retail

  $1,388,949

Location Insight

City

Whittier

County

Los Angeles

State

California

Latitude

33.9793

Longitude

-118.037

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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