Single-Story Chinese Restaurant
For Sale
$888,000
Pending
150 W Whittier Boulevard, La Habra, CA 90631
For sale restaurant asset on two lots, including a single-story Chinese restaurant in the selling price.
Property Size1,500 SF
Lot Size0.42 Acres
Days on Market342
Property Features for 150 W Whittier Boulevard
General Information
Standard status
Pending
Size
1,500 SF
Lot size
0.42 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1964
Stories
1
Listing Agency:
WANGS INVESTMENT GROUP
(626) 689-3389
Listed By:
JAMES WANG · License #00851048
(626) 689-3389
Source:
Exitrealty
Added: Sep 4, 2025
Changed: Aug 8
Last Checked: Jul 16 at 6:05AM
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 WANGS INVESTMENT GROUP
Investment Insights
Based on property information with market context.
This offering includes two lots identified as 02201407 and 02201408, totaling 18,295 square feet. The property also includes a single-story 1,500 square foot Chinese restaurant, which is being sold as part of the package.
The asset is located at 150 W Whittier Boulevard in La Habra, California. It presents a straightforward restaurant configuration under one roof, with the restaurant use included in the purchase.
For operators and investors looking for a restaurant-included property, the current Chinese restaurant component provides an immediate turnkey-use element for a qualified buyer. The two-lot structure may also be relevant for buyers evaluating site planning flexibility alongside an existing single-story dining operation.
The asset is located at 150 W Whittier Boulevard in La Habra, California. It presents a straightforward restaurant configuration under one roof, with the restaurant use included in the purchase.
For operators and investors looking for a restaurant-included property, the current Chinese restaurant component provides an immediate turnkey-use element for a qualified buyer. The two-lot structure may also be relevant for buyers evaluating site planning flexibility alongside an existing single-story dining operation.
Key Highlights
- Single‑story Chinese restaurant included in the selling price
- Total 18,295 SF across two lots: 02201407 and 02201408
- Year built: 1964
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
$33,735
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
3.80%
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%
$674,700
$674.7K
Cap Rate 7%
$481,929
$481.9K
Cap Rate 9%
$374,833
$374.8K
Market Conditions
NOI Build-Up for 1,500 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
$50.9K $33.96/SF
− Vacancy
−$6.0K −$3.97/SF
EGI
$45.0K $29.99/SF
− OpEx
−$11.2K −$7.50/SF
NOI
$33.7K $22.49/SF
Area
Orange County, CA
Vacancy
11.70%
Lease Rate
$33.96 /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%
$674,700
Cap Rate 7%
$481,929
Cap Rate 9%
$374,833
Alternative Uses
Best Use
Specialty Retail
$481.9K
$421.7K – $562.3K
NOI $33,735 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$503.8K
$440.8K – $587.8K
NOI $35,267 @ 7.0% cap · market cap 3.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,055
Businesses Nearby
70k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 40%
McDonald's
Dining
24,040 visits/mo
0.5 miles
ARCO
Shops & Services
12,487 visits/mo
0.3 miles
7-Eleven
Shops & Services
9,074 visits/mo
0.2 miles
Marie Callender's
Dining
5,699 visits/mo
0.2 miles
Shakey's Pizza Parlor
Dining
5,292 visits/mo
0.2 miles
Demographics for 90631, CA
69,533
Population
23,390
Households
3
Avg Household Size
38
Median Age
32%
College-Educated
86%
High-School Grad
14.0 sq mi
ZIP Area
4,967
Density / Sq Mi
$102,208
Median Household Income
$46,334
Median Earnings
$2,029
Median Rent
$757,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - For sale restaurant asset on two lots, including a single-story Chinese restaurant in the selling price.
Where is this conventional restaurant located?
The property is located at 150 W Whittier Boulevard La Habra, CA.
What is the asking price?
The asking price for this property is $888,000.
What are key features of this property?
This property features: Single‑story Chinese restaurant included in the selling price; Total 18,295 SF across two lots: 02201407 and 02201408; Year built: 1964
