16400 Whittier Blvd Whittier, CA 90603-3043
- Retail space
- 17,110 SF
- 1.21 lot acres
Current Use by Public Records
- Hair Avenue / Beauty Salon
Property Details for 16400 Whittier Blvd
- Year built
- 1989
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.21 lot acres
- Property size
- 17,110 SF
- Zone code
- WHC2*
- Property type
- Retail space
- APN
- 8232-005-017
- APU
- 8232005017
Description
This exceptional retail property, located at 16400 Whittier Boulevard in Whittier, California (zip code 90603), presents a unique investment opportunity. The 1,000 square foot building sits on a substantial 52,775 square foot lot, offering ample space and potential for expansion. Currently configured as a well-established beauty salon, the property includes seven hair stations, two shampoo bowls, five hair dryers, a private room for facials and treatments, and a dedicated workroom. The workroom features two storage cabinets, a stacking washer and dryer, a new water heater, refrigerator, microwave, and toaster oven. A large ADA-compliant bathroom provides additional space and convenience. Three stations are currently rented to long-term clients, generating consistent income. The property also includes a small waiting/reception area with a counter, central air and heat, and excellent parking with convenient handicapped access. The property is situated in a bustling commercial center with diverse businesses including food, dental, optical, and medical services, ensuring high visibility and foot traffic. All existing signage, interior and exterior furnishings, appliances, sinks, and stations are included in the sale. The asking price for this turnkey operation is $38,888. The current month-to-month lease provides flexibility for future development. This property is ideal for an owner-operator or investor seeking a profitable venture in a high-demand location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,105,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,175,000
- 6.5%
- $1,065,000
- 7%
- $1,080,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,240,000
- Geo Method
- $1,010,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,025,000
- Retail
- $900,000
- Mixed-Use
- $1,185,000
- Hospitality
- $1,025,000
- Educational
- $920,000
- Residential Income
- $975,000
- Energy
- $880,000
- Income-Based Land
- $1,165,000
- Food Service
- $1,160,000
Location Insight
- Map
- Local Demand
- City
- Whittier
- County
- Los Angeles
- State
- California
- Longitude
- -117.98
- Latitude
- 33.9395
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
