2635 Whittier BlvdLos Angeles, CA 90023

Property Details for 2635 Whittier Blvd

Year built

1947

Construction

TILT-UP CONCRETE

Lot size

0.22 AC

Property size (Sq ft)

6,746 SF

Zone code

LAC2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5185-032-028

APU

5185032028

Description

This exceptional investment opportunity presents a 6-unit mixed-use property located at 2631-2639 Whittier Blvd, Los Angeles, CA 90023. The property encompasses 6,746 square feet on a 9,600 square foot lot and consists of two buildings: a 4-unit street-level retail building (approximately 5,030 sq ft) and a detached 2-story duplex (1,716 sq ft). Currently vacant, this C2-zoned property offers significant upside potential. Built in 1947 and renovated in 2012 (building permit issued for addition), it benefits from a high daily traffic count (approximately 30,000 vehicles) and proximity to major freeways (I-5, US-101, CA-60, and I-10). The property's current NOI is $100,128, with a pro-forma NOI of $115,811, yielding a 6.00% cap rate and a pro-forma cap rate of 6.94%. The asking price is $1,668,000 ($247.26/sq ft). The property is subject to Los Angeles City's Rent Stabilization Ordinance (RSO). Previous tenants included a restaurant, bar cafe, church, and uniform manufacturing business, showcasing the diverse possibilities for future occupancy. This property presents a compelling opportunity for both investors seeking strong returns and owner-users looking to establish a presence in a vibrant, high-traffic location. The property is a fee simple ownership.

• CAP approach

  CAP return

  Valuation

  6%

  $1,990,358

  6.5%

  $1,837,254

  7%

  $1,706,021

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,282,819

  Geo Method

  $1,282,819

• Alternative Use

  Use

  Valuation

  Residential

  $2,278,194

  Hospitality

  $2,086,814

  Educational

  $1,736,205

  Medical

  $1,795,915

  Retail

  $2,700,763

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.033

Longitude

-118.212

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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