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Property profile & analytics
OFF-MARKET
Estimated value
$11,855,000
Retail space
15214 Whittier Blvd Whittier, CA 90603-1364
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8023464
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
TILT-UP CONCRETE
Total area
34,044 SF
Lot
2.65 ac (115,532 SF)
Zoning code
WHC2*
APN
8225-035-023
UPID
US09-8023464
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Harbor Freight Tools Building Supply Hardware & Home Improvement
-
KeyExpress Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Goodwill Southern California Store & Donation Center Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.42M
CAP Approach
CAP
$11.59M
Comparable Approach
Comparable
$16.20M
Blend (final)
Blend
$11.86M
Owner & transaction history
Joy Hospitality INC · 5 yrs held
Joy Hospitality INC
since 2021
Last sale
$12.0M
7 recorded transactions
Zoning & alternative use
WHC2* · Whittier, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.8M
+68.5%
Medical building
$15.5M
+55.2%
Auto repair, garage
$13.3M
+33.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Whittier submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whittier submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$11,930,000
ML approach
$9,415,000
CAP Approach
CAP Return
Estimation
6%
$12,555,000
6.5%
$11,590,000
7%
$10,760,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,970,000
Current use
RESTAURANT
$16,795,000
Change: +68% · Conversion: Easy
MEDICAL BUILDING
$15,475,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,290,000
Change: +33% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,335,000
Change: +24% · Conversion: Moderate
OFFICE BUILDING
$10,465,000
Change: +5% · Conversion: Easy
WAREHOUSE, STORAGE
$9,535,000
Change: -4% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,620,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$11.86M
Range $10.67M – $13.04M · ±10% · vs last sale $11.95M (May 13 2021)
Last sale anchor
$11.95M
May 13 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$348 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$148,166
Tax year 2024
Assessed value
$11,461,046
Assessed 2024
Previous assessed
$11,461,046
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$9,699,441
Assessed improvement
$1,761,605
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
34,044 SF
Lot
2.65 ac (115,532 SF)
Zoning code
WHC2*
APN
8225-035-023
UPID
US09-8023464
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
WHC2* · Whittier, CA
Zoning WHC2* · permitted uses
WHC2* · Whittier, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whittier. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$10.0M
RESTAURANT
Est. value
$16.8M
MEDICAL BUILDING
Est. value
$15.5M
AUTO REPAIR, GARAGE
Est. value
$13.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.3M
OFFICE BUILDING
Est. value
$10.5M
WAREHOUSE, STORAGE
Est. value
$9.5M
INDUSTRIAL (GENERAL)
Est. value
$8.6M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.65 ac
Current owner
From public records · entity-resolved
Joy Hospitality INC
Entity
Mailing address
1901 W OLYMPIC BLVD, LOS ANGELES, CA 90006-3703
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2021
—
Joy Hospitality INC
—
Deed
related
$4,600,000 · Bbcn Bank
May 13, 2021
$11,950,000
Joy Hospitality INC
Whittier Plaza LLC
Grant Deed
$1,600,000 · Bbcn Bank
Sep 8, 2020
—
Danny J Howell
Morrison Family Trust
Quit Claim Deed
related
—
Nov 28, 2005
—
Whittier Plaza LLC
Schainuck,lewis I & Michelle T
Grant Deed
—
Dec 23, 1999
$4,455,000
Lewis I Schainuck
15214 Whittier Venture LLC
Grant Deed
$3,350,000 · Bank Of America
Nov 20, 1997
$169,500
Kavanaugh,charles
Whittier Trust
Trustees Deed
—
Oct 28, 1994
$2,200,000
Music Whittier
Sackett,rudolph J & Nellie B
Grant Deed
$2,500,000 · Tokai Bank California
Nov 8, 1993
$85,000
Wallace T Morrison
Sackett,rudolph
Grant Deed
—
—
—
Music Whittier
—
Deed Of Trust
related
$2,464,900 · Tokai Bank California
—
—
Whittier Plaza LLC
—
Deed Of Trust
related
$6,235,000 · Farmers & Merchants Bk/lng Bch
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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