4729 Whittier Blvd Los Angeles, CA 90022
- Retail space
- 9,000 SF
- 0.20 lot acres
Current Use by Public Records
- One Stop / Clothing & Fashion Store
- Racks / Clothing Store
Property Details for 4729 Whittier Blvd
- Year built
- 1934
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.20 lot acres
- Property size
- 9,000 SF
- Zone code
- LCM1*
- Property type
- Retail space
- APN
- 5240-002-014
- APU
- 5240002014
Description
This exceptional investment opportunity presents a 9,000 square foot, single-story retail building situated on a high-traffic corner in East Los Angeles. Located at the signalized intersection of Whittier Boulevard and Kern Avenue, the property boasts approximately 60 feet of frontage along Whittier Boulevard, ensuring excellent visibility and accessibility. The LC-M1 zoning allows for a variety of retail uses. Currently housing five tenants, this multi-tenant property offers a strong existing income stream with potential for rental upside. The building sits on an 8,869 square foot lot. With a daily traffic count of 26,000 cars, this location benefits from significant vehicular traffic. The demographics are equally compelling, with over 45,000 residents within a one-mile radius and over 280,000 within a three-mile radius, providing a substantial customer base. The asking price is $2,150,000, translating to $238.89 per square foot. This property is ideal for owner-users seeking a prime location or investors looking for a stable, multi-tenant income stream with growth potential. The gross lease structure simplifies management. APN: 5240-002-014. This is a rare opportunity to acquire a well-positioned retail property in a thriving East Los Angeles market.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,612,000
Market price range: $1.21M - $2.65M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,025,000 Current use
- WAREHOUSE, STORAGE
- $2,515,000 Change: +24% Conversion: Difficult
- OFFICE BUILDING
- $2,185,000 Change: +8% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $1,775,000 Change: -12% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.166
- Latitude
- 34.0225
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA