Two-Story Elevator-Served Office
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For Sale
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7740 Painter Ave, Whittier, CA 90602
Elevator-served two-story office property with 11 suites, including an owner-occupied suite and a rooftop telecommunications lease.
Property Size10,196 SF
Price / SF$245.19
Days on Market4
Property Features for 7740 Painter Ave
General Information
Standard status
Active
Size
10,196 SF
Elevators
Yes
Property subtype
OFFICE
Additional Details
Office Units
11
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
GM Properties, Inc.
(562) 762-3120
Listed By:
Dustin Wheelan · License #01444728
(562) 762-3120
Source:
Moodyscre
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 6:42AM
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 GM Properties, Inc.
Investment Insights
Based on property information with market context.
This two-story, elevator-served office property consists of 11 individual suites plus a rooftop telecommunications lease. Suite 100 is currently owner-occupied, allowing an owner-occupant to occupy that space while benefiting from in-place rental income from the remaining suites.
The property totals 10,196 square feet and is offered as 11 separate office suites within a single building structure. A rooftop telecom lease adds an additional income component to the overall property.
With Suite 100 positioned as owner-occupied and the other suites providing ongoing rental income, the building supports an occupancy strategy that can combine personal workspace needs with existing tenant revenue.
The property totals 10,196 square feet and is offered as 11 separate office suites within a single building structure. A rooftop telecom lease adds an additional income component to the overall property.
With Suite 100 positioned as owner-occupied and the other suites providing ongoing rental income, the building supports an occupancy strategy that can combine personal workspace needs with existing tenant revenue.
Key Highlights
- Two‑story office building with elevator service
- 11 individual suites plus rooftop telecommunications lease
- Suite 100 is owner‑occupied, with in‑place rental income from remaining suites
Financial Insights For Office B
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 | $391.5k | $38.40 |
| − Vacancy | −$94.4k | −$9.25 |
| EGI | $297.2k | $29.15 |
| − OpEx | −$74.3k | −$7.29 |
| NOI | $222.9k | $21.86 |
10,196 SF · lease $38.40/SF/yr · vacancy 24.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.18M
$2.79M – $3.71M
NOI $222,876 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.46M
$4.78M – $6.37M
NOI $382,123 @ 7.0% cap · market cap 15.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
11
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,154
Businesses Nearby
Explore this area
Business Placement
Demographics for 90602, CA
25,521
Population
8,514
Households
3
Avg Household Size
36
Median Age
22%
College-Educated
85%
High-School Grad
3.8 sq mi
ZIP Area
6,716
Density / Sq Mi
$67,259
Median Household Income
$37,237
Median Earnings
$1,719
Median Rent
$729,300
Median Home Value
Market
Properties on Market for Office Units in Los Angeles County
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Elevator-served two-story office property with 11 suites, including an owner-occupied suite and a rooftop telecommunications lease.
Where is this office units located?
The property is located at 7740 Painter Ave Whittier, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Two‑story office building with elevator service; 11 individual suites plus rooftop telecommunications lease; Suite 100 is owner‑occupied, with in‑place rental income from remaining suites
