Building Details

Year Built 1963

Units 7

Tenancy Multi

Listing Agency: GM Properties, Inc

Listed By: Tyler Portman · License #CA 01919110 Show Phone

Source: Crexi

Added: Apr 3 Changed: Oct 25 Last Checked: Oct 24 at 2:59PM

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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 GM Properties, Inc

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Investment Insights

Based on property information with market context.

This multi-unit flex warehouse offers seven units with the flexibility to occupy up to 5,481 SF (63%) as an owner-user. The property also includes shared yard space and monument signage.

Convenient access to the 605 and 5 freeways supports day-to-day operations and customer/visitor reach. The configuration is well-suited to an owner-occupant seeking on-site space while maintaining income potential from additional units.

Offered for sale as a single property, it provides a practical setup for businesses looking for warehouse-style space in a multi-unit format.

Key Highlights

• Owner‑user warehouse opportunity with 7 units
• Can occupy up to 5,481 SF (63%)
• Convenient access to I‑605 and 5 freeways

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$101,272

Cap Rate

4.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,025,440 $2.0M

Cap Rate 7%

$1,446,743 $1.4M

Cap Rate 9%

$1,125,244 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,666 SF

Gross rent

$153.9K $17.76/SF

− Vacancy

−$9.2K −$1.07/SF

EGI

$144.7K $16.69/SF

− OpEx

−$43.4K −$5.01/SF

NOI

$101.3K $11.69/SF

Area

Los Angeles County, CA

Vacancy

6.00%

Lease Rate

$17.76 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,025,440

Cap Rate 7%

$1,446,743

Cap Rate 9%

$1,125,244

Alternative Uses

Best Use

Industrial

$1.45M

$1.27M – $1.69M (±1% cap)

NOI $101,272 @ 7.0% cap · market cap 4.50%

Second Best

Flex RnD

$1.11M

$967.1K – $1.29M (±1% cap)

NOI $77,365 @ 7.0% cap · market cap 3.44%

Theoretical Best

Office A

$4.64M

$4.06M – $5.41M (±1% cap)

NOI $324,782 @ 7.0% cap · market cap 14.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency Accounting Firm Travel Agency (Bike/Boat/Book/etc) Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,302

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

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 Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Owner-user can occupy up to 5,481 SF within a seven-unit warehouse property.

Where is this flex space located?

The property is located at 11713-11715 Washington Blvd Whittier, CA.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: Owner‑user warehouse opportunity with 7 units; Can occupy up to 5,481 SF (63%); Convenient access to I‑605 and 5 freeways