Turnkey Restaurant Property in
For Sale
Contact for pricing
16503 Whittier Blvd, Whittier, CA 90603
Fully equipped restaurant with high visibility and ample parking.
Property Size4,316 SF
Lot Size0.40 Acres
Price / SF$590.59
Days on Market504
Property Features for 16503 Whittier Blvd
General Information
Standard status
Active
Size
4,316 SF
Lot size
0.40 Acres
Property subtype
Retail
Investment Type
Owner/User
Building Details
Year Built
1967
Year Renovated
2018
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Hopkins Investment Group
Listed By:
Corey Hopkins · License #02027530
Source:
Crexi
Added: Mar 25, 2025
Changed: Aug 8
Last Checked: Aug 9 at 1:39PM
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 Hopkins Investment Group
Investment Insights
Based on property information with market context.
This is a fully equipped, turnkey restaurant property in Whittier, California. The freestanding building has 4,316 square feet and sits on a 0.40-acre parcel. It is located along Whittier Boulevard, which has a traffic volume of approximately 29,000 vehicles per day, and offers 27 dedicated parking spaces. The property has been fully rebuilt to be ADA-compliant and designed for high-volume service and private events. The layout includes a banquet room for up to 50 guests and a main dining area seating up to 100, allowing total capacity for approximately 150 guests, making it suitable for large parties, group dining, or event-driven concepts. The turnkey kitchen buildout is equipped with premium commercial-grade appliances, including a Bakers Pride pizza oven, Imperial stoves (4-, 6-, and 2-burner configurations), Volcan fryer, flat iron grill, Anets pasta cooker, walk-in cooler/freezer, Hoshizaki ice machine, Hobart mixer, CMA Mizer dishwasher, and True and Beverage-Air refrigeration units. Additional features include a freestanding pylon sign, ample prep and storage areas in the rear, a private office, and an upgraded security system. A Type 47 Liquor License is available for full alcohol service. The restaurant is surrounded by residential communities, including Friendly Hills, Mar Vista Heights, Hadley Hills, Spy Glass Hill, Michigan Park, and Uptown Whittier. It is available for immediate occupancy and is intended for use as a restaurant.
Key Highlights
- Turnkey Restaurant: Fully equipped with premium commercial‑grade appliances, ready for immediate operation.
- High‑Traffic Location: Situated on Whittier Boulevard (±29,000 VPD) with excellent visibility and accessibility.
- Ample Parking: Features 27 dedicated parking spaces.
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
$102,310
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
4.01%
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%
$2,046,200
$2.0M
Cap Rate 7%
$1,461,571
$1.5M
Cap Rate 9%
$1,136,778
$1.1M
Market Conditions
NOI Build-Up for 4,316 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
$146.1K $33.84/SF
− Vacancy
−$9.6K −$2.23/SF
EGI
$136.4K $31.61/SF
− OpEx
−$34.1K −$7.90/SF
NOI
$102.3K $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%
$2,046,200
Cap Rate 7%
$1,461,571
Cap Rate 9%
$1,136,778
Alternative Uses
Best Use
Specialty Retail
$1.46M
$1.28M – $1.71M
NOI $102,310 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,754 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,063
Businesses Nearby
108k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 36%
Hotels & Casinos 11%
Marie Callender's
Dining
16,781 visits/mo
0.4 miles
Bank of America
Shops & Services
12,152 visits/mo
0.4 miles
DoubleTree by Hilton Hotel Whittier Los Angeles
Hotels & Casinos
12,114 visits/mo
0.4 miles
Chevron
Shops & Services
10,910 visits/mo
0.5 miles
Carl's Jr.
Dining
10,156 visits/mo
0.5 miles
Demographics for 90603, CA
21,174
Population
6,659
Households
3.2
Avg Household Size
41
Median Age
33%
College-Educated
94%
High-School Grad
3.2 sq mi
ZIP Area
6,617
Density / Sq Mi
$121,222
Median Household Income
$54,954
Median Earnings
$2,324
Median Rent
$781,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped restaurant with high visibility and ample parking.
Where is this conventional restaurant located?
The property is located at 16503 Whittier Blvd Whittier, CA.
What is the asking price?
The asking price for this property is $2,549,000.
What are key features of this property?
This property features: Turnkey Restaurant: Fully equipped with premium commercial‑grade appliances, ready for immediate operation.; High‑Traffic Location: Situated on Whittier Boulevard (±29,000 VPD) with excellent visibility and accessibility.; Ample Parking: Features 27 dedicated parking spaces.
