Overview
This exceptional mixed-use property at 6354 Painter Ave, Whittier, CA, presents a compelling investment opportunity. Boasting 8,518 square feet on a sizable 19,602 square foot lot, this Class B building, constructed in 1916 and extensively renovated in 2024, currently sits vacant, offering significant development potential. The property's zoning allows for conversion into eight individual units, each priced at $187,500, with an asking price of $1,500,000 reflecting a 4.75% cap rate. The building's creative office subtype provides flexibility for various uses. Located in the desirable city of Whittier, California, this property benefits from its proximity to major freeways (I-605, I-5, I-10, and CA-60), providing easy access to surrounding areas. The vibrant Uptown Whittier district, with its diverse culinary scene (California Grill & Bar, The Chicken Koop, etc.) and entertainment options (Whittier Starlight Theater), is within walking distance. Furthermore, the property enjoys convenient access to numerous amenities, including Central Park, Whittier Public Library, Broadway Park, and Whittier Animal Hospital, as well as several schools (Lou Henry Elementary, Walter F. Dexter Middle, Whittier High School, and Whittier College). The area also features a high concentration of national retailers (Starbucks, Coffee Bean, Ralph's, CVS, etc.), ensuring high foot traffic and visibility. Whittier's recognition as one of the top 100 cities to live in the United States adds to the property's long-term investment appeal. This is a rare chance to acquire a versatile property in a thriving community with strong potential for future growth and high rental income.