Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
-
Auto Repair Shop Insurance Agency
-
Car Dealership
-
Car Dealership
-
Car Dealership
-
Car Dealership
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
LCM1* · Whittier, CAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LCM1* in Whittier, CA.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight