8318 Whittier Blvd Pico Rivera, CA 90660-2524
- Manufacturing properties
- 11,000 SF
- 0.63 lot acres
Current Use by Public Records
- Welding Shop / Welder
- Bob's Custom Cabinets / Cabinet Maker / Furniture Store
Property Details for 8318 Whittier Blvd
- Year built
- 1963
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.63 lot acres
- Property size
- 11,000 SF
- Zone code
- PRIL*
- Property type
- Manufacturing properties
- APN
- 6348-021-005
- APU
- 6348021005
Description
This Pico Rivera, CA industrial property offers a compelling owner-user or investment opportunity. Located on high-traffic Whittier Boulevard, this single-story, 11,000-square-foot building features nine units, each with a private bathroom and 10-foot ceilings. The property boasts a 6.30% cap rate and a pro-forma cap rate of 8.03%, with a current NOI of $145,000 and a pro-forma NOI of $184,800. Currently 100% occupied with month-to-month tenants, the property offers significant upside potential. The light manufacturing zoning allows for a wide range of uses. The 27,537-square-foot lot provides ample parking (30 spaces) and additional storage. The asking price is $2,300,000 ($209.09/SF and $255,555.56/unit). Phase 1 and Phase 2 environmental reports are complete. This fully fenced and secured property presents a rare chance to acquire a well-located, multi-tenant industrial asset with strong cash flow and growth potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,825,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,870,000
- 6.5%
- $1,790,000
- 7%
- $1,630,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,655,000
- Geo Method
- $2,040,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,805,000
- Retail
- $1,730,000
- Mixed-Use
- $2,130,000
- Hospitality
- $2,135,000
- Educational
- $1,735,000
- Residential Income
- $2,055,000
- Energy
- $1,835,000
- Income-Based Land
- $1,900,000
- Food Service
- $1,605,000
Location Insight
- Map
- Local Demand
- City
- Pico Rivera
- County
- Los Angeles
- State
- California
- Longitude
- -118.094
- Latitude
- 34.0054
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
