Mixed-Use Building with Liquor
For Sale
$2,000,000
Pending
3706 Whittier Blvd, Los Angeles, CA 90023
Mixed-use property featuring a restaurant, apartments, and workshop.
Property Size5,000 SF
Lot Size0.28 Acres
Days on Market151
Property Features for 3706 Whittier Blvd
General Information
Standard status
Pending
Size
5,000 SF
Lot size
0.28 Acres
Property subtype
Commercial
Building Details
Building Size
5,000 SF
Units
2
Listing Agency:
Berkshire Hathaway HomeServices California Properties
(562) 945-2221
Listed By:
Erika Mendoza · License #02081630
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:22AM
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 Berkshire Hathaway HomeServices California Properties
Investment Insights
Based on property information with market context.
This mixed-use property features a fully equipped restaurant with a Type 41 Liquor License for beer and wine. The building also includes two apartments, each with two bedrooms and one bathroom. An iron fence workshop is located on the premises. There are 15 parking spaces available, with access from the alleyway. The lot is gated. The property includes approximately 5,000 square feet of improvements on approximately 12,105 square feet of land. The Sixth Street Bridge construction project will soon connect Boyle Heights to the Arts District via Whittier Boulevard.
Key Highlights
- Prime location with future connectivity to the Arts District via Whittier Boulevard due to the Sixth Street Bridge construction.
- Mixed‑use building with retail and residential components.
- Fully equipped restaurant with a Type 41 Liquor License (Beer & Wine).**
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
$135,412
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
6.77%
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%
$2,708,240
$2.7M
Cap Rate 7%
$1,934,457
$1.9M
Cap Rate 9%
$1,504,578
$1.5M
Market Conditions
NOI Build-Up for 5,000 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
$184.8K $36.96/SF
− Vacancy
−$4.3K −$0.85/SF
EGI
$180.5K $36.11/SF
− OpEx
−$45.1K −$9.03/SF
NOI
$135.4K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /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%
$2,708,240
Cap Rate 7%
$1,934,457
Cap Rate 9%
$1,504,578
Alternative Uses
Best Use
Apartment 5plus
$88.40M
$77.35M – $103.13M
NOI $6,187,770 @ 7.0% cap · market cap 309.39%
Second Best
Specialty Retail
$1.93M
$1.69M – $2.26M
NOI $135,412 @ 7.0% cap · market cap 6.77%
Theoretical Best
Multifamily LT 5
$101.30M
$88.63M – $118.18M
NOI $7,090,790 @ 7.0% cap · market cap 354.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,127
Businesses Nearby
Explore this area
Business Placement
Demographics for 90023, CA
45,939
Population
12,319
Households
3.7
Avg Household Size
32
Median Age
10%
College-Educated
53%
High-School Grad
4.3 sq mi
ZIP Area
10,683
Density / Sq Mi
$56,623
Median Household Income
$30,967
Median Earnings
$1,414
Median Rent
$617,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring a restaurant, apartments, and workshop.
Where is this mixed-use property located?
The property is located at 3706 Whittier Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Prime location with future connectivity to the Arts District via Whittier Boulevard due to the Sixth Street Bridge construction.; Mixed‑use building with retail and residential components.; Fully equipped restaurant with a Type 41 Liquor License (Beer & Wine).**
