13516 Telegraph RdWhittier, CA 90605

Property Details for 13516 Telegraph Rd

Year built

1960

Construction

WOOD

Lot size

0.45 AC

Property size (Sq ft)

8,675 SF

Zone code

LCM1*

Property type

Investment properties

Property subtype

Retail residential properties

APN

8029-002-037

APU

8029002037

Description

This exceptional value-add investment opportunity presents a prime 8,675 square foot auto shop in Whittier, California. Situated on a 24,084 square foot lot, the property comprises two buildings with four auto bays and secure rear fencing. Currently boasting 80% occupancy with 14 tenants on month-to-month gross leases significantly below market rates, this presents substantial upside potential for increased rental income. All tenants have occupied the space for over 10 years, offering flexibility for an owner-user or investor. The property's location in the affluent Los Angeles Gateway City of Whittier, with a high daytime population and average household income exceeding $108,722 within three miles, ensures strong demand. The property is zoned C3 and was built in 1960. The asking price is $2,625,000, representing a pro-forma cap rate of 7.17% and a pro-forma NOI of $188,129. The property offers multiple points of ingress/egress on Telegraph Road and a rear driveway. Limited development sites in this mature trade area create high barriers to entry for future competition, making this a truly unique opportunity. Full occupancy is projected for September 1, 2024.

• CAP approach

  CAP return

  Valuation

  6%

  $2,785,846

  6.5%

  $2,571,550

  7%

  $2,387,868

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,527,008

  Geo Method

  $2,556,939

• Alternative Use

  Use

  Valuation

  Residential

  $2,571,550

  Hospitality

  $2,355,526

  Educational

  $1,959,770

  Medical

  $2,027,170

  Retail

  $3,048,531

Location Insight

City

Whittier

County

Los Angeles

State

California

Latitude

33.9377

Longitude

-118.043

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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