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    2635 Whittier Blvd Los Angeles, CA 90023

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    2635 Whittier Blvd Los Angeles, CA 90023

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    • Investment properties
    • 6,746 SF
    • 0.22 lot acres
    For Sale
    $1,500,000
    View Listing →
    Mixed-Use Retail and Apartment Complex For Sale
    $1,500,000
    6,746 SF

    Mixed-Use Retail and Apartment Complex

    Six-unit mixed-use property in the heart of East Los Angeles.

    2635 Whittier Boulevard, Los Angeles, CA 90023
    View Listing
    Property ID
    US09-8328380
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Alondra's Barbacoa & Cocina / Restaurant
    • Maria Bonita Restaurante / Restaurant

    Property Details for 2635 Whittier Blvd

    Year built
    1947
    Construction
    TILT-UP CONCRETE
    Lot size
    0.22 lot acres
    Property size
    6,746 SF
    Zone code
    LAC2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    5185-032-028
    APU
    5185032028

    Description

    This exceptional investment opportunity presents a 6-unit mixed-use property located at 2631-2639 Whittier Blvd, Los Angeles, CA 90023. The property encompasses 6,746 square feet on a 9,600 square foot lot and consists of two buildings: a 4-unit street-level retail building (approximately 5,030 sq ft) and a detached 2-story duplex (1,716 sq ft). Currently vacant, this C2-zoned property offers significant upside potential. Built in 1947 and renovated in 2012 (building permit issued for addition), it benefits from a high daily traffic count (approximately 30,000 vehicles) and proximity to major freeways (I-5, US-101, CA-60, and I-10). The property's current NOI is $100,128, with a pro-forma NOI of $115,811, yielding a 6.00% cap rate and a pro-forma cap rate of 6.94%. The asking price is $1,668,000 ($247.26/sq ft). The property is subject to Los Angeles City's Rent Stabilization Ordinance (RSO). Previous tenants included a restaurant, bar cafe, church, and uniform manufacturing business, showcasing the diverse possibilities for future occupancy. This property presents a compelling opportunity for both investors seeking strong returns and owner-users looking to establish a presence in a vibrant, high-traffic location. The property is a fee simple ownership.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,070,000
      Market price range: $470k - $1.07M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,380,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,665,000
      Change: +21% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.212
    Latitude
    34.033
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,435
    $945,726
    $582,578
    $1,528,304
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      1,464 SF

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      View Details
    • Value Estimation
      $835,000
      12,680 SF

      3406 Whittier Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 12,680 SF
      3406 Whittier Blvd, Los Angeles, CA 90023-1708
      View Details
    • Value Estimation
      $795,000
      4,118 SF

      4095 Whittier Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,118 SF
      4095 Whittier Blvd, Los Angeles, CA 90023-2525
      View Details
    • Value Estimation
      $965,000
      6,020 SF

      4043 Whittier Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 6,020 SF
      4043 Whittier Blvd, Los Angeles, CA 90023-2536
      View Details
    • Value Estimation by Request
      4,013 SF

      907 Lorena St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,013 SF
      907 Lorena St, Los Angeles, CA 90023-2203
      View Details
    • Value Estimation
      $725,000
      4,169 SF

      808 Lorena St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,169 SF
      808 Lorena St, Los Angeles, CA 90023-2202
      View Details

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    View Listing
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    Los Angeles, CA 90023
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    2635 Whittier Blvd, Los Angeles, CA, 90023

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