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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7028 Greenleaf Ave Whittier, CA 90602-1377

    • Investment properties
    • 15,854 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    $2,320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7151110
    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.

    Current Use by Public Records

    • Mxxnshine Records / (Bike/Boat/Book/etc) Store
    • Guitar Lesson Source / Tutoring Service
    • Uptown Barbers / Barber Shop
    • Salon emeren / Hair Salon
    • Sweet Chillin' / (Bike/Boat/Book/etc) Store

    Property Details for 7028 Greenleaf Ave

    Year built
    1989
    Construction
    WOOD
    Lot size
    0.24 lot acres
    Property size
    15,854 SF
    Zone code
    WHC2UD*
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    8139-022-018
    APU
    8139022018

    Description

    This exceptional 1,241-square-foot office space, located on the second floor of a three-story building at 7028 Greenleaf Ave, Whittier, CA 90602, presents a unique opportunity. Situated in Whittier's vibrant Historic District, this single-tenant space boasts a prime location in Uptown Whittier, close to shopping, dining, and entertainment. The office features an open layout flooded with natural light, enhanced by two private balconies offering stunning views. One balcony overlooks Greenleaf Avenue, while the other provides a view of the breezeway and the adjacent Whittier Village Cinemas. The space includes attractive wood flooring in the main office area and a separate conference room with its own entrance. Built in 1989, the building (17,354 total sq ft) includes elevators and is zoned C2, Whittier (APN 8135-022-018). Water and trash services are included. A credit score of 700 or higher is required. The property is conveniently located near Greenleaf Ave. and Wardman St. This is an ideal space for businesses seeking a prestigious address in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,893,000
      Market price range: $1.92M - $5.04M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,450,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Whittier
    County
    Los Angeles
    State
    California
    Longitude
    -118.037
    Latitude
    33.9782
    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
    $31,267
    $906,039
    $975,733
    $1,881,772
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,630,000
      9,353 SF

      7257 Bright Ave

      STORE/OFFICE (MIXED USE) • 9,353 SF
      7257 Bright Ave, Whittier, CA 90602-1429
      View Details
    • Value Estimation
      $3,205,000
      10,382 SF

      7250 Painter Ave

      STORE/OFFICE (MIXED USE) • 10,382 SF
      7250 Painter Ave, Whittier, CA 90602-1474
      View Details
    • Value Estimation by Request
      1,350 SF

      7902 Greenleaf Ave

      STORE/OFFICE (MIXED USE) • 1,350 SF
      7902 Greenleaf Ave, Whittier, CA 90602-2107
      View Details
    • Value Estimation by Request
      5,750 SF

      7639 Greenleaf Ave

      STORE/OFFICE (MIXED USE) • 5,750 SF
      7639 Greenleaf Ave, Whittier, CA 90602-1626
      View Details
    • Value Estimation
      $3,835,000
      24,438 SF

      8109 Greenleaf Ave

      STORE/OFFICE (MIXED USE) • 24,438 SF
      8109 Greenleaf Ave, Whittier, CA 90602-2112
      View Details
    • Value Estimation by Request
      2,118 SF

      7750 Painter Ave

      STORE/OFFICE (MIXED USE) • 2,118 SF
      7750 Painter Ave, Whittier, CA 90602-2412
      View Details

    Similar Nearby for Sale

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      Comstock Manor Apartments - Whittier

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      Uptown Whittier Auto Repair Shop

      Prime location, high potential, established business.
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      Residential Lot with Approved Plans

      Build your dream home in a sought-after Whittier neighborhood.
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    Similar Nearby for Lease

    • Contact for pricing

      Leased Office Building in Whittier

      100% leased office building in Whittier, CA.
      7731 Painter Ave, Whittier, CA 90602
      View Details
    • $1.00 SF/Yr
      3,830 SF

      Retail Space on Painter Avenue

      Retail space featuring an open floor plan and street frontage.
      9150 Painter Ave, Whittier, CA 90602
      View Details
    • Contact for pricing
      35,000 SF

      Prime Whittier Retail Space

      35,000 SF Single-Tenant Retail Opportunity
      13241 Whittier Blvd, Whittier, CA 90602
      View Details
    • Contact for pricing

      Office Building 100% Leased

      Office building in Whittier, CA, currently 100% leased.
      8022 Painter Ave, Whittier, CA 90602
      View Details
    • $1.20 SF/Yr
      3,700 SF

      Whittier Warehouse Space Available

      Multi-tenant building with warehouse, office, and restroom.
      12302 Wardman St, Whittier, CA 90602
      View Details
    • $11 SF/Yr
      120,000 SF

      Whittier Packing House: Creative Spaces

      Historic Whittier warehouse, flexible suites available.
      12310 Penn St, Whittier, CA 90602
      View Details
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    7028 Greenleaf Ave
    Whittier, CA 90602-1377
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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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