13516 Telegraph Rd Whittier, CA 90605-3437

This exceptional value-add investment opportunity presents a prime 8,675 square foot auto shop in Whittier, California. Situated on a 24,084 square foot lot, the property comprises two buildings with four auto bays and secure rear fencing. Currently boasting 80% occupancy with 14 tenants on month-to-month gross leases significantly below market rates, this presents substantial upside potential for increased rental income. All tenants have occupied the space for over 10 years, offering flexibility for an owner-user or investor. The property's location in the affluent Los Angeles Gateway City of Whittier, with a high daytime population and average household income exceeding $108,722 within three miles, ensures strong demand. The property is zoned C3 and was built in 1960. The asking price is $2,625,000, representing a pro-forma cap rate of 7.17% and a pro-forma NOI of $188,129. The property offers multiple points of ingress/egress on Telegraph Road and a rear driveway. Limited development sites in this mature trade area create high barriers to entry for future competition, making this a truly unique opportunity. Full occupancy is projected for September 1, 2024.