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.
Property Features for 6354 Painter Ave
General Information
Property type
Multifamily properties
Square Feet
8,518 SF
Class
B
Building Details
Year Built/Renovated
1916/2024
Stories
2
Units
8
HighLights
19,602 SF lot with potential for 8‑unit conversion.
Located in Whittier, a Top 100 city (Livability.com).
Appeals to history buffs, outdoor enthusiasts, and those seeking a vibrant community.
Walkable to Central Park, Whittier Public Library, Broadway Park, Uptown Whittier, and Whittier Animal Hospital.
Near Lou Henry Elementary, Walter F. Dexter Middle, Whittier High School, and Whittier College.
Convenient freeway access via I‑605, I‑5, I‑10, and CA‑60.
Multifamily property - Whittier, CA: 8-unit potential, high cap rate.
Where is this multifamily property located?
The property is located at 6354 Painter Ave Whittier, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 19,602 SF lot with potential for 8-unit conversion.; Located in Whittier, a Top 100 city (Livability.com).; Appeals to history buffs, outdoor enthusiasts, and those seeking a vibrant community.
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6354 Painter Ave Whittier, CA 90601
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Cap approach
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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.
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
6354 Painter Ave Whittier, CA 90601
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6354 Painter Ave, Whittier, CA
Matthew Guerra
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6354 Painter Ave, Whittier, CA
Matthew Guerra
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6354 Painter Ave, Whittier, CA
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6354 Painter Ave, Whittier, CA
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6354 Painter Ave, Whittier, CA
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6354 Painter Ave, Whittier, CA
Matthew Guerra
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