Whittier Blvd Commercial
For Sale
Contact for pricing
16417 Whittier Blvd, Whittier, CA 90603
Commercial property on Whittier Blvd with strong market fundamentals.
Property Size9,275 SF
Price / SF$425.88
Days on Market311
Property Features for 16417 Whittier Blvd
General Information
Standard status
Active
Size
9,275 SF
Total Parking Spaces
35
Property subtype
Office
Zoning
R-4 (Heavy Multifamily Residential) City of Whittier
Building Details
Year Built
1954
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
CBRE - Orange County
(949) 725-8425
Listed By:
Bryan Johnson · License #02018612
Source:
Crexi
Added: Oct 7, 2025
Changed: Aug 7
Last Checked: Aug 12 at 12:03PM
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 CBRE - Orange County
Investment Insights
Based on property information with market context.
Located on the border of Los Angeles and Orange County, this Whittier property benefits from a dense, infill location with limited new development opportunities. As of September 2025, there are no new medical, office, or retail developments under construction. The Whittier area, according to Costar, has 8.8 million square feet of medical, office, and retail inventory, with a current vacancy rate of 6.3% across these property types. The property's location in East Whittier allows it to capitalize on the growth of both Greater Los Angeles and Orange County. Situated along Whittier Boulevard, a main thoroughfare, the property offers access to multiple freeways, including I-605, I-710, Hwy-60, Hwy-101, and I-5. Its proximity to the intersection of Whittier Boulevard and Beach Boulevard provides access to the local residential population. The property is near Uptown Whittier, Whittwood Town Center, Downtown Brea, and Brea Mall, along with various restaurants along Whittier Boulevard, Beach Boulevard, and Imperial Highway. The property is 9275 square feet and is suitable for medical office space, office properties and spaces, and general commercial real estate.
Key Highlights
- Prime location on the border of Los Angeles and Orange County, offering synergies from both markets.
- Supply constrained market with minimal new medical, office, or retail development opportunities.
- Low market vacancy of just 6.3% for medical, office, and retail 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
$202,744
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
5.13%
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%
$4,054,880
$4.1M
Cap Rate 7%
$2,896,343
$2.9M
Cap Rate 9%
$2,252,711
$2.3M
Market Conditions
NOI Build-Up for 9,275 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
$356.2K $38.40/SF
− Vacancy
−$85.8K −$9.25/SF
EGI
$270.3K $29.15/SF
− OpEx
−$67.6K −$7.29/SF
NOI
$202.7K $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%
$4,054,880
Cap Rate 7%
$2,896,343
Cap Rate 9%
$2,252,711
Alternative Uses
Best Use
Office B
$2.90M
$2.53M – $3.38M
NOI $202,744 @ 7.0% cap · market cap 5.13%
Second Best
Healthcare Medical
$2.51M
$2.20M – $2.93M
NOI $175,891 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$4.97M
$4.35M – $5.79M
NOI $347,606 @ 7.0% cap · market cap 8.80%
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
Balanced
Demand for This Use
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?
Medical Office Space - Commercial property on Whittier Blvd with strong market fundamentals.
Where is this medical office space located?
The property is located at 16417 Whittier Blvd Whittier, CA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Prime location on the border of Los Angeles and Orange County, offering synergies from both markets.; Supply constrained market with minimal new medical, office, or retail development opportunities.; Low market vacancy of just 6.3% for medical, office, and retail spaces.
