Restaurant on Washington Boulevard For
For Sale
$1,095,000
Pending
11339 Washington Blvd, Whittier, CA 90606
Single tenant restaurant on busy commercial corridor in Whittier, CA.
Property Size1,485 SF
Lot Size0.18 Acres
Days on Market269
Property Features for 11339 Washington Blvd
General Information
Standard status
Pending
Size
1,485 SF
Lot size
0.18 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,751
Building Details
Building Size
1,485 SF
Year Built
1979
Listing Agency:
(424) 293-8085
Listed By:
Christopher Comfort
(424) 293-8085
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 8
Last Checked: Aug 22 at 11:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Christopher Comfort
Investment Insights
Based on property information with market context.
This single tenant net leased restaurant is located on Washington Boulevard in Whittier, California. The property is approximately one mile east of the 605 freeway, with on-ramp and off-ramp access on Washington Boulevard. Situated on a 7,978 square foot corner lot, the property is zoned C-2, which allows for a variety of retail and commercial uses. The property is currently occupied by a boba tea restaurant with a lease that expires in August 2029, with two 5-year options to renew. The property is well maintained with little to no deferred maintenance. Major tenants such as Jack in the Box, Food 4 Less, and McDonalds are located on Washington Boulevard within a short distance of the property. There is an opportunity for an owner user to purchase and occupy the property, as the tenant has indicated willingness to sell their business including equipment.
Key Highlights
- Single tenant net leased restaurant with lease expiring August 2029, plus TWO x 5 year options to renew, providing stable income.
- Opportunity for owner/user to purchase the property and existing boba tea business, including equipment.
- Located on the AM side of heavily trafficked Washington Boulevard.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,202
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$704,040
$704.0K
Cap Rate 7%
$502,886
$502.9K
Cap Rate 9%
$391,133
$391.1K
Market Conditions
NOI Build-Up for 1,485 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.3K $33.84/SF
− Vacancy
−$3.3K −$2.23/SF
EGI
$46.9K $31.61/SF
− OpEx
−$11.7K −$7.90/SF
NOI
$35.2K $23.70/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$704,040
Cap Rate 7%
$502,886
Cap Rate 9%
$391,133
Alternative Uses
Best Use
Specialty Retail
$502.9K
$440.0K – $586.7K
NOI $35,202 @ 7.0% cap · market cap 3.21%
Second Best
Retail
$469.4K
$410.7K – $547.6K
NOI $32,855 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$795.1K
$695.7K – $927.6K
NOI $55,654 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
255k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 30%
Groceries 17%
Electronics 2%
Food 4 Less
Groceries
41,942 visits/mo
0.3 miles
Starbucks
Dining
28,418 visits/mo
0.3 miles
McDonald's
Dining
26,670 visits/mo
0.2 miles
Dollar Tree
Shops & Services
19,396 visits/mo
0.2 miles
Jack in the Box
Dining
16,245 visits/mo
0.1 miles
Demographics for 90606, CA
32,078
Population
8,982
Households
3.6
Avg Household Size
38
Median Age
18%
College-Educated
76%
High-School Grad
3.8 sq mi
ZIP Area
8,442
Density / Sq Mi
$94,904
Median Household Income
$45,361
Median Earnings
$1,913
Median Rent
$623,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Tacos Providencia — 11761 Washington Blvd, Whittier, CA 90606, United States
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- Summit Event Catering — 11822 Burke St, Santa Fe Springs, CA 90670
Frequently Asked Questions
What type of property is this?
Restaurant - Single tenant restaurant on busy commercial corridor in Whittier, CA.
Where is this restaurant located?
The property is located at 11339 Washington Blvd Whittier, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Single tenant net leased restaurant with lease expiring August 2029, plus TWO x 5 year options to renew, providing stable income.; Opportunity for owner/user to purchase the property and existing boba tea business, including equipment.; Located on the AM side of heavily trafficked Washington Boulevard.
