Two-Story Office
For Sale
$2,300,000
16336 Whittier Boulevard, Whittier, CA 90603
Fully leased professional property with elevator access, central air and heat, storage, and on-site parking.
Property Size5,428 SF
Lot Size0.30 Acres
Price / SF$423.73
Days on Market80
Property Features for 16336 Whittier Boulevard
General Information
Standard status
Active
Size
5,428 SF
Total Parking Spaces
26
Elevators
Yes
Lot size
0.30 Acres
Occupancy
100%
Additional Details
Public Transit
Yes
Amenities
central air and heat
separate storage space
Building Details
Year Built
1988
Buildings
1
Stories
2
Building Size
5,428 SF
Tenancy
Multi
Listing Agency:
Coldwell Banker Envision
(562) 945-2221
Listed By:
Roseann Oesterreich
Source:
Myfabuloushome
Added: Jun 11
Changed: Aug 29
Last Checked: Aug 25 at 5:13AM
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 Coldwell Banker Envision
Investment Insights
Based on property information with market context.
This 5,428 sq. ft. office building offers two stories of professional space on a 12,876 sq. ft. lot. Built in 1988, the property is fully leased to long-term occupants that include an endodontic dental practice, a general dental practice, and a mental health practice. Central air and heat, separate storage, elevator service, and 26 paved parking spaces support daily operations and visitor access.
The property is located at 16336 Whittier Boulevard in Whittier, near Whittwood Town Center, banks, restaurants, shopping, and public transportation. The level site has a flat tar-and-gravel roof and access to paved roads and public transit.
The property is located at 16336 Whittier Boulevard in Whittier, near Whittwood Town Center, banks, restaurants, shopping, and public transportation. The level site has a flat tar-and-gravel roof and access to paved roads and public transit.
Key Highlights
- 5,428 sq. ft. two‑story office building on a 12,876 sq. ft. lot
- Fully leased to long‑term dental and mental health practice tenants
- 26 on‑site 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
$118,652
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
5.16%
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%
$2,373,040
$2.4M
Cap Rate 7%
$1,695,029
$1.7M
Cap Rate 9%
$1,318,356
$1.3M
Market Conditions
NOI Build-Up for 5,428 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
$208.4K $38.40/SF
− Vacancy
−$50.2K −$9.25/SF
EGI
$158.2K $29.15/SF
− OpEx
−$39.6K −$7.29/SF
NOI
$118.7K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /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%
$2,373,040
Cap Rate 7%
$1,695,029
Cap Rate 9%
$1,318,356
Alternative Uses
Best Use
Office B
$1.70M
$1.48M – $1.98M
NOI $118,652 @ 7.0% cap · market cap 5.16%
Second Best
Healthcare Medical
$1.47M
$1.29M – $1.72M
NOI $102,936 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$2.91M
$2.54M – $3.39M
NOI $203,429 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,041
Businesses Nearby
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully leased professional property with elevator access, central air and heat, storage, and on-site parking.
Where is this office building located?
The property is located at 16336 Whittier Boulevard Whittier, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 5,428 sq. ft. two‑story office building on a 12,876 sq. ft. lot; Fully leased to long‑term dental and mental health practice tenants; 26 on‑site parking spaces
