Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6745 Milton Avenue Whittier, CA 90601

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $625,000

    Banquet hall with long-term tenant in densely populated Whittier.

    Type:Retail
    Property size:
    4,000 SF
    Added:
    Nov 21, 2025
    Days on Market:
    130
    Last Refresh:
    Mar 30 at 12:02 am

    Property Features for 6745 Milton Avenue

    General Information

    Standard status
    Active
    Size
    4,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1966

    We can help!

    Listing Contact
    Shiva Monify

    Listing agent Shiva Monify License #CalDRE #01728143

    Listing office

    Listing date Nov 21, 2025

    Source Svn

    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 Shiva Monify

    Overview

    Banquet Hall Investment Opportunity

    Located at 6745 Milton Ave. in Whittier, this property features a 4,000 square foot banquet hall situated on a 6,937 square foot lot. The property is zoned C2/Commercial and includes parking available in the rear of the building, with street parking also accessible. The property is currently occupied by a long-term tenant with 50 years remaining on the lease, paying $3,500 per month on a NNN basis. Whittier is described as an upscale suburban city with a diverse population, primarily consisting of married couples. The city had a population of 85,331 as of the 2010 United States Census and covers 14.7 square miles. Whittier is part of the Gateway Cities and is named for the poet John Greenleaf Whittier, also being home to Whittier College.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Smart's Banquet Hall Wedding Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • caise Florist & Flower Delivery — 6741 Painter Ave, Whittier, CA 90601
    • Branch Florist & Flower Delivery Whittier CA — 13007 Philadelphia St, Whittier, CA 90601
    • FLOWERS.562 / LUXURY ROSE WHITTIER — 12612 Philadelphia St Unit B, Whittier, CA 90601
    • Relish The Moment — 12306 Pasadena St, Whittier, CA 90601
    • Florabelle — 12612 philadelphia st b, whittier, ca 90601

    Location Insight

    • Map
    • Local Demand
    City
    Whittier
    County
    Los Angeles
    State
    California
    Longitude
    -118.04
    Latitude
    33.9796

    Nearby Similar for Sale

    • $350,000

      Auto Repair Business Opportunity

      Established auto repair business and property for sale in Whittier.
      13264 Meyer, Whittier, CA 90605
      View Details
    • $189,000
      2,091 SF

      Drive-Thru Restaurant Business Opportunity

      Turn-key drive-thru restaurant with equipment included in Whittier, CA.
      14939 Leffingwell, Whittier, CA 90604
      View Details
    • $2,449,950
      6,499 SF

      Comstock Manor Apartments, Whittier

      9-unit multifamily property in Uptown Whittier with investment potential.
      7333 Comstock Avenue, Whittier, CA 90602
      View Details
    • $1,950,000
      2,160 SF

      Whittier Auto Repair Business Opportunity

      Established auto repair business and property for sale in Whittier.
      13264 Meyer Road, Whittier, CA 90605
      View Details
    • $949,000
      2,523 SF

      Whittier Triplex with Renovation Potential

      Triplex in uptown Whittier with renovation and ADU potential.
      7928 Milton, Whittier, CA 90602
      View Details
    • $1,150,000
      3,610 SF

      Whittier Triplex with Rental Upside

      Triplex in Whittier, CA with value-add potential.
      8346 Sargent Avenue, Whittier, CA 90605
      View Details
    • $1,275,000
      3,316 SF

      Whittier Triplex on Large Lot

      Well-maintained triplex in Whittier with excellent rental potential.
      11643 Aeolian Street, Whittier, CA 90606
      View Details
    • $1,350,000
      3,396 SF

      Whittier Apartment with Garage Parking

      Updated apartment building in South Whittier with garage parking.
      14030 Dicky Street, Whittier, CA 90605
      View Details
    • $1,095,000
      1,978 SF

      Whittier Duplex in East Neighborhood

      Two detached units ideal for investment or multi-generational living.
      10540 Bogardus Avenue, Whittier, CA 90603
      View Details
    • $999,000
      2,800 SF

      Whittier Triplex on Large Lot

      Triplex in Whittier with a large 19,175 square foot lot.
      8428 Norwalk Boulevard 1/2, Whittier, CA 90606
      View Details
    • $3,190,000
      7,078 SF

      Whittier Duplexes: Investment Opportunity

      Six detached residential units on three contiguous parcels in Whittier.
      7602 Pickering Avenue 7614, Whittier, CA 90602
      View Details
    • $1,175,000
      3,072 SF

      Whittier Fourplex in Historic Uptown

      Well-maintained fourplex with income potential in a high-demand rental market.
      6233 Haviland Avenue, Whittier, CA 90601
      View Details

    FAQs

    What type of property is this?
    Storefront property - Banquet hall with long-term tenant in densely populated Whittier.
    Where is this storefront property located?
    The property is located at 6745 Milton Avenue Whittier, CA.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Long‑term tenant (50 years) in place, providing immediate and stable income.; Existing banquet hall generating $3,500/month NNN.; Zoned C2/Commercial, offering versatile usage options.
    (310) 476-7653
    We can help!
    Listing Contact
    Shiva Monify
    Real Estate License ID: CalDRE #01728143
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!