Two-Story Office Building with
For Sale
$1,749,000
5723 Whittier, Los Angeles, CA 90022
Two-story office property on Whittier Boulevard with secure gated rear parking and flexible office configurations.
Property Size6,888 SF
Lot Size0.13 Acres
Price / SF$253.92
Days on Market49
Property Features for 5723 Whittier
General Information
Standard status
Active
Size
6,888 SF
Lot size
0.13 Acres
Property subtype
Commercial
Zoning
LCM1*
Building Details
Year Built
1983
Stories
2
Listing Agency:
Magic Realty
(818) 635-3500
Listed By:
Sean Madadian · License #01066622
(818) 635-3500
Source:
Elliman
Added: Jun 24
Changed: Jul 10
Last Checked: Aug 10 at 7:50AM
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 Magic Realty
Investment Insights
Based on property information with market context.
This two-story office building totals approximately 6,888 square feet and is constructed in 1983 using durable tilt-up concrete. The layout includes multiple office configurations, supporting a range of professional, medical, administrative, educational, or service-oriented uses. On-site parking is provided in the rear behind a private gated area, with convenient alley access.
The property is located on highly trafficked Whittier Boulevard in an East Los Angeles commercial corridor. It is positioned near major transportation routes and within an area that includes retail centers, restaurants, and business services, supporting convenient access for employees and visitors. The building is zoned LCM1*, and buyers are advised to independently verify all zoning, permitted uses, and development potential.
For owner-users and investors, the combination of a functional two-story configuration and secured rear parking can support day-to-day operational needs for a variety of office-oriented tenants. The flexible configuration may also be suitable for adapting space to different administrative or professional functions, subject to applicable zoning and permitting requirements.
The property is located on highly trafficked Whittier Boulevard in an East Los Angeles commercial corridor. It is positioned near major transportation routes and within an area that includes retail centers, restaurants, and business services, supporting convenient access for employees and visitors. The building is zoned LCM1*, and buyers are advised to independently verify all zoning, permitted uses, and development potential.
For owner-users and investors, the combination of a functional two-story configuration and secured rear parking can support day-to-day operational needs for a variety of office-oriented tenants. The flexible configuration may also be suitable for adapting space to different administrative or professional functions, subject to applicable zoning and permitting requirements.
Key Highlights
- Two‑story ~6,888 SF office building built in 1983 on a 5,613 SF lot on Whittier Boulevard
- Functional layout with multiple office configurations suitable for professional, medical, administrative, educational, or service‑oriented uses
- Private gated parking in the rear with convenient alley access for employee and visitor parking
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
$124,976
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
7.15%
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%
$2,499,520
$2.5M
Cap Rate 7%
$1,785,371
$1.8M
Cap Rate 9%
$1,388,622
$1.4M
Market Conditions
NOI Build-Up for 6,888 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
$231.4K $33.60/SF
− Vacancy
−$23.1K −$3.36/SF
EGI
$208.3K $30.24/SF
− OpEx
−$83.3K −$12.10/SF
NOI
$125.0K $18.14/SF
Area
ZIP 90022
Vacancy
10.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
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%
$2,499,520
Cap Rate 7%
$1,785,371
Cap Rate 9%
$1,388,622
Alternative Uses
Best Use
Office B
$2.52M
$2.21M – $2.94M
NOI $176,698 @ 7.0% cap · market cap 10.10%
Second Best
Healthcare Medical
$1.79M
$1.56M – $2.08M
NOI $124,976 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$2.81M
$2.46M – $3.27M
NOI $196,449 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,526
Businesses Nearby
Explore this area
Business Placement
Demographics for 90022, CA
64,517
Population
17,845
Households
3.6
Avg Household Size
34
Median Age
10%
College-Educated
56%
High-School Grad
4.4 sq mi
ZIP Area
14,663
Density / Sq Mi
$67,829
Median Household Income
$32,304
Median Earnings
$1,407
Median Rent
$603,500
Median Home Value
Market
Vacancy Rate% for Office 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?
Office building - Two-story office property on Whittier Boulevard with secure gated rear parking and flexible office configurations.
Where is this office building located?
The property is located at 5723 Whittier Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: Two‑story ~6,888 SF office building built in 1983 on a 5,613 SF lot on Whittier Boulevard; Functional layout with multiple office configurations suitable for professional, medical, administrative, educational, or service‑oriented uses; Private gated parking in the rear with convenient alley access for employee and visitor parking
