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Mixed-Use Building with Restaurant

3706 Whittier Boulevard Los Angeles, CA 90023

3706 Whittier Boulevard, Los Angeles, CA, 90023

$2,000,000

For Sale

$2,000,000

Mixed-use building with restaurant, apartments, and parking.

Property Size5,000 SF

Lot Size0.28 Acres

Price / SF$400

AddedFeb 4, 2017

Days on Market3448

Last RefreshMay 13 at 10:23 pm

Property Features for 3706 Whittier Boulevard

General Information

Standard status: Active
Size: 5,000 SF
Lot size: 0.28 Acres
Property subtype: Commercial Sale / Mixed Use

Listing office Berkshire Hathaway HomeServices California Properties

Listing date Feb 4, 2017

Source Compass

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. The property provides 15 parking spaces with alleyway access and a gated lot. The improvements total approximately 5,000 square feet and the land area is approximately 12,105 square feet. The Sixth Street Bridge construction project will soon connect Boyle Heights to the Arts District via Whittier Boulevard.

Key Highlights

Fully equipped restaurant with Type 41 Liquor License (Beer & Wine)
Mixed‑use Retail / Residential building
Two apartments each featuring two bedrooms & one bathroom

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$184.8k	$36.96
− Vacancy	−$4.3k	−$0.85
EGI	$180.5k	$36.11
− OpEx	−$45.1k	−$9.03
NOI	$135.4k	$27.08

5,000 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.93M

$1.69M – $2.26M (±1% cap)

NOI $135,412 @ 7.0% cap · market cap 6.77%

Second Best

Mixed Use

$1.45M

$1.27M – $1.69M (±1% cap)

NOI $101,250 @ 7.0% cap · market cap 5.06%

Theoretical Best

Multifamily LT 5

$101.30M

$88.63M – $118.18M (±1% cap)

NOI $7,090,790 @ 7.0% cap · market cap 354.54%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

EACA Big Box & Wholesale Store MSIR Big Box & Wholesale Store No Que No ... Restaurant

Suggested Use

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For sale
Mixed-use properties
CA
Los Angeles
90023
3706 Whittier Boulevard

What type of property is this?

Mixed-use property - Mixed-use building with restaurant, apartments, and parking.

Where is this mixed-use property located?

The property is located at 3706 Whittier Boulevard 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: Fully equipped restaurant with Type 41 Liquor License (Beer & Wine); Mixed‑use Retail / Residential building; Two apartments each featuring two bedrooms & one bathroom