Two-Story Office Building with
5723 Whittier Los Angeles, CA 90022
5723 Whittier, Los Angeles, CA, 90022
$1,749,000
For Sale
$1,749,000
Two-story office property on Whittier Boulevard with secure gated rear parking and flexible office configurations.
Property Size6,888 SF
Lot Size0.13 Acres
Price / SF$253.92
Days on Market24
Property Features for 5723 Whittier
General Information
- Standard status
- Active
- Size
- 6,888 SF
- Lot size
- 0.13 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1983
Listing Agency
Magic Realty
(818) 635-3500
Listed by
Sean Madadian · License #01066622
(818) 635-3500
Source
Elliman
Added: Jun 24 Checked: Jul 16 at 7:59 am
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 Magic Realty
Investment Insights
Based on property information with market context.
This two-story office building totals approximately 6,888 square feet and is constructed in 1983 using durable tilt-up concrete. The layout includes multiple office configurations, supporting a range of professional, medical, administrative, educational, or service-oriented uses. On-site parking is provided in the rear behind a private gated area, with convenient alley access.
The property is located on highly trafficked Whittier Boulevard in an East Los Angeles commercial corridor. It is positioned near major transportation routes and within an area that includes retail centers, restaurants, and business services, supporting convenient access for employees and visitors. The building is zoned LCM1*, and buyers are advised to independently verify all zoning, permitted uses, and development potential.
For owner-users and investors, the combination of a functional two-story configuration and secured rear parking can support day-to-day operational needs for a variety of office-oriented tenants. The flexible configuration may also be suitable for adapting space to different administrative or professional functions, subject to applicable zoning and permitting requirements.
The property is located on highly trafficked Whittier Boulevard in an East Los Angeles commercial corridor. It is positioned near major transportation routes and within an area that includes retail centers, restaurants, and business services, supporting convenient access for employees and visitors. The building is zoned LCM1*, and buyers are advised to independently verify all zoning, permitted uses, and development potential.
For owner-users and investors, the combination of a functional two-story configuration and secured rear parking can support day-to-day operational needs for a variety of office-oriented tenants. The flexible configuration may also be suitable for adapting space to different administrative or professional functions, subject to applicable zoning and permitting requirements.
Key Highlights
- Two‑story ~6,888 SF office building built in 1983 on a 5,613 SF lot on Whittier Boulevard
- Functional layout with multiple office configurations suitable for professional, medical, administrative, educational, or service‑oriented uses
- Private gated parking in the rear with convenient alley access for employee and visitor parking
Local Financial Insights For Healthcare Medical
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 | $231.4k | $33.60 |
| − Vacancy | −$23.1k | −$3.36 |
| EGI | $208.3k | $30.24 |
| − OpEx | −$83.3k | −$12.10 |
| NOI | $125.0k | $18.14 |
6,888 SF · lease $33.60/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$2.52M
$2.21M – $2.94M
NOI $176,698 @ 7.0% cap · market cap 10.10%
Second Best
Healthcare Medical
$1.79M
$1.56M – $2.08M
NOI $124,976 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$2.81M
$2.46M – $3.27M
NOI $196,449 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Victor Valencia
Counselor
Joseph P. Caron, ...
Physician
Claudia C. Jimenez, ...
Counselor
Jalisha Evans
Counselor
Mela Counseling Services ...
Counselor
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FAQs
What type of property is this?
Office building - Two-story office property on Whittier Boulevard with secure gated rear parking and flexible office configurations.
Where is this office building located?
The property is located at 5723 Whittier Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: Two‑story ~6,888 SF office building built in 1983 on a 5,613 SF lot on Whittier Boulevard; Functional layout with multiple office configurations suitable for professional, medical, administrative, educational, or service‑oriented uses; Private gated parking in the rear with convenient alley access for employee and visitor parking
