Retail Building Near Downtown
3518 Whittier Blvd Los Angeles, CA 90023
For Sale
$1,499,000
Retail building with three spaces, parking, and high-visibility traffic.
Property Size5,380 SF
Lot Size0.20 Acres
Price / SF$278.62
Days on Market95
Property Features for 3518 Whittier Blvd
General Information
Standard status
Active
Size
5,380 SF
Lot size
0.20 Acres
Property subtype
Commercial
Building Details
Year Built
1947
Listing Agency:
(323) 562-7777
Listed By:
Jesse Barocio · License #00975018
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 12:33PM
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 Jesse Barocio
Investment Insights
Based on property information with market context.
This 5,380 square foot building on an 8,629 square foot lot, per assessor data, offers a prime opportunity. The property features three retail spaces and ample parking. Benefiting from strong visibility and traffic, the location is likely to attract both tenants and customers. The property is near downtown Los Angeles and Dodger Stadium. The location has a walk score of 90, indicating it is a Walker's Paradise; a transit score of 68, indicating good transit options; and a bike score of 62, indicating it is bikeable.
Key Highlights
- Walker's Paradise: Enjoy excellent walkability with a Walk Score of 90.
- High Visibility & Traffic: Attracts tenants and customers, ensuring business success.
- Three Retail Spaces: Provides immediate income potential for investors.
Financial Insights For Retail
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 | $198.8k | $36.96 |
| − Vacancy | −$20.5k | −$3.81 |
| EGI | $178.4k | $33.15 |
| − OpEx | −$53.5k | −$9.95 |
| NOI | $124.9k | $23.21 |
5,380 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.78M
$1.56M – $2.08M
NOI $124,855 @ 7.0% cap · market cap 8.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$109.00M
$95.37M – $127.16M
NOI $7,629,690 @ 7.0% cap · market cap 508.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Tellez Flowers — 3647 E Olympic Blvd, Los Angeles, CA 90023
- La Fleur Mi Amor — 3372 E Olympic Blvd Suite D, Los Angeles, CA 90023
- Hernandez Flowers Party Supply — 3740 E Olympic Blvd, Los Angeles, CA 90023
- Adonarm Flowers — 3818 Whittier Blvd, Los Angeles, CA 90023
- Floreria — 3740 E Olympic Blvd, Los Angeles, CA 90023
Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with three spaces, parking, and high-visibility traffic.
Where is this storefront property located?
The property is located at 3518 Whittier Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Walker's Paradise: Enjoy excellent walkability with a Walk Score of 90.; High Visibility & Traffic: Attracts tenants and customers, ensuring business success.; Three Retail Spaces: Provides immediate income potential for investors.
