Multi-Unit Flex
For Sale
Contact for pricing
11713-11715 Washington Blvd, Whittier, CA 90606
Owner-user can occupy up to 5,481 SF within a seven-unit warehouse property.
Property Size8,666 SF
Price / SF$265.41
Days on Market159
Property Features for 11713-11715 Washington Blvd
General Information
Standard status
Active
Size
8,666 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Amenities
shared yard
monument signage
Building Details
Tenancy
Multi
Listing Agency:
GM Properties, Inc.
(562) 697-5000
Listed By:
Tyler Portman · License #01919110
(562) 762-3152
Source:
Moodyscre
Added: Apr 3
Changed: Aug 15
Last Checked: Aug 14 at 7:56AM
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.
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.
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 = 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
$101,272
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
4.40%
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%
$2,025,440
$2.0M
Cap Rate 7%
$1,446,743
$1.4M
Cap Rate 9%
$1,125,244
$1.1M
Market Conditions
NOI Build-Up for 8,666 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
$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 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%
$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
NOI $101,272 @ 7.0% cap · market cap 4.40%
Second Best
Flex RnD
$1.11M
$967.1K – $1.29M
NOI $77,365 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$4.64M
$4.06M – $5.41M
NOI $324,782 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
Questions? Ask Rey
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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 $2,300,000.
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
