Mixed-Use Building with
For Sale
$2,000,000
Pending
3706 Whittier Boulevard, Los Angeles, CA 90023
Mixed-use building with restaurant, apartments, and parking.
Property Size5,000 SF
Lot Size0.28 Acres
Days on Market3493
Property Features for 3706 Whittier Boulevard
General Information
Standard status
Pending
Size
5,000 SF
Lot size
0.28 Acres
Property subtype
Commercial Sale / Mixed Use
Listing Agency:
Berkshire Hathaway HomeServices California Properties
(562) 945-2221
Listed By:
Erika Mendoza · License #02081630
(562) 945-2221
Source:
Compass
Added: Feb 4, 2017
Changed: Aug 8
Last Checked: Jul 24 at 2:48PM
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 Berkshire Hathaway HomeServices California Properties
Investment Insights
Based on property information with market context.
This mixed-use property features a fully equipped restaurant with a Type 41 Liquor License for beer and wine. The building also includes two apartments, each with two bedrooms and one bathroom. An iron fence workshop is located on the premises. The property provides 15 parking spaces with alleyway access and a gated lot. The improvements total approximately 5,000 square feet and the land area is approximately 12,105 square feet. The Sixth Street Bridge construction project will soon connect Boyle Heights to the Arts District via Whittier Boulevard.
Key Highlights
- Fully equipped restaurant with Type 41 Liquor License (Beer & Wine)
- Mixed‑use Retail / Residential building
- Two apartments each featuring two bedrooms & one bathroom
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
$135,412
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
6.77%
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%
$2,708,240
$2.7M
Cap Rate 7%
$1,934,457
$1.9M
Cap Rate 9%
$1,504,578
$1.5M
Market Conditions
NOI Build-Up for 5,000 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
$184.8K $36.96/SF
− Vacancy
−$4.3K −$0.85/SF
EGI
$180.5K $36.11/SF
− OpEx
−$45.1K −$9.03/SF
NOI
$135.4K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /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%
$2,708,240
Cap Rate 7%
$1,934,457
Cap Rate 9%
$1,504,578
Alternative Uses
Best Use
Specialty Retail
$1.93M
$1.69M – $2.26M
NOI $135,412 @ 7.0% cap · market cap 6.77%
Second Best
Mixed Use
$1.45M
$1.27M – $1.69M
NOI $101,250 @ 7.0% cap · market cap 5.06%
Theoretical Best
Multifamily LT 5
$101.30M
$88.63M – $118.18M
NOI $7,090,790 @ 7.0% cap · market cap 354.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,450
Businesses Nearby
Explore this area
Business Placement
Demographics for 90023, CA
45,939
Population
12,319
Households
3.7
Avg Household Size
32
Median Age
10%
College-Educated
53%
High-School Grad
4.3 sq mi
ZIP Area
10,683
Density / Sq Mi
$56,623
Median Household Income
$30,967
Median Earnings
$1,414
Median Rent
$617,600
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with restaurant, apartments, and parking.
Where is this mixed-use property located?
The property is located at 3706 Whittier Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Fully equipped restaurant with Type 41 Liquor License (Beer & Wine); Mixed‑use Retail / Residential building; Two apartments each featuring two bedrooms & one bathroom
