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    Renovated Retail Building, East LA Title is generated by Realmo AI

    5914-5916 Whittier Blvd, Los Angeles, CA

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    Newly renovated retail building in East LA with parking.

    Type:RETAIL
    Property size:
    3,000 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $283/SF
    Added:
    Jul 30, 2024
    Days on Market:
    679
    Last Refresh:
    May 19 at 9:31 pm

    Property Features for 5914-5916 Whittier Blvd

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    0.11 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Michael Chang

    Listing agent Michael Chang

    Listing office Top Properties Corporation

    Listing date Jul 30, 2024

    Source Moodyscre

    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 Top Properties Corporation

    HighLights

    • Newly renovated retail building, ready for your business.
    • Great location with high traffic volume.
    • Fenced and paved rear parking.
    • Minutes away from 5 and 10 freeways.

    Overview

    This is a newly renovated retail building located in East Los Angeles. The property benefits from a location with high traffic volume. It features fenced and paved rear parking. The building is situated minutes away from the 5 and 10 Freeways. The property has a size of 3000 square feet.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $110.9k $36.96
    − Vacancy −$11.4k −$3.81
    EGI $99.5k $33.15
    − OpEx −$29.8k −$9.95
    NOI $69.6k $23.21
    3,000 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $994.6K
    $870.3K – $1.16M (±1% cap)
    NOI $69,622 @ 7.0% cap · market cap 8.19%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $60.78M
    $53.18M – $70.91M (±1% cap)
    NOI $4,254,474 @ 7.0% cap · market cap 500.53%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.144
    Latitude
    34.0174

    FAQs

    What type of property is this?
    Retail space - Newly renovated retail building in East LA with parking.
    Where is this retail space located?
    The property is located at 5914-5916 Whittier Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Newly renovated retail building, ready for your business.; Great location with high traffic volume.; Fenced and paved rear parking.
    (323) 235-5050 Call to check price and availability
    More about this property
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