4931 Whittier BlvdEast Los Angeles, CA 90022

Property Details for 4931 Whittier Blvd

Year built

1941

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

10,890 SF

Zone code

LCM1*

Property type

Retail properties

Property subtype

Retail space

APN

5240-007-012

APU

5240007012

Description

This exceptional freestanding retail building, located at 4931 Whittier Boulevard in East Los Angeles, California, presents a compelling investment opportunity. Boasting a total of 10,890 square feet, the property offers a unique blend of existing tenancy and significant vacant space. Currently, 3,630 square feet are occupied, leaving 7,260 square feet available for lease. Built in 1941, this single-building property benefits from its prime location on Whittier Boulevard, ensuring high visibility and substantial traffic counts. The area is characterized by a dense concentration of retailers, restaurants, and other amenities, catering to a large and thriving population. The property's strategic position between the 710 and 5 Freeways provides excellent accessibility. Ample parking is available, with 92 spaces provided free of charge by the city for all adjacent buildings. This property is ideal for a variety of retail uses and presents a rare chance to acquire a well-situated, established commercial building in a high-demand area of Los Angeles County (zip code 90022). The absence of elevators should be noted. This is a multiple-tenancy property.

• CAP approach

  CAP return

  Valuation

  6%

  $4,598,968

  6.5%

  $4,245,202

  7%

  $3,941,973

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,218,523

  Geo Method

  $5,218,523

• Alternative Use

  Use

  Valuation

  Residential

  $3,580,986

  Hospitality

  $3,280,164

  Educational

  $2,729,058

  Medical

  $2,822,914

  Retail

  $4,245,202

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0219

Longitude

-118.163

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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