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Mixed-Use Investment Opportunity 2226-2230 Whittier Blvd 21 Unit Apartment Building $3,350,000 ($159,524/Unit) 7.01% Cap Rate Los Angeles, CA 90023
Investment Highlights
- Price Reduced! Boyle Heights Retail & Residential Investment Opportunity
- $234,113 NOI | 6.99% Cap Rate | Fully Leased
- Just Minutes From DTLA Arts District and All Freeways
- 3-Story Building With 3 Retail Units + 18 Apartment Units
- Heavy Pedestrian & Vehicle Traffic Location
Executive Summary
17,004 SF building consisting of 3 street-level retail units and 18 residential units. Includes 10 onsite parking spaces. Gross annual income of $367,403.04 with a net operating income of $234,713.43. Stable cash flow with growth potential. Heavy pedestrian and vehicle traffic with strong retail visibility. Prime location near Downtown LA, the Arts District, and Little Tokyo. Built in 1913, zoned LA C2. Easy access to I-5, I-10, I-710, and SR-60, as well as Metro bus routes and the Soto Light Rail Station (E Line/Gold Line). Surrounded by local businesses, restaurants, and cultural landmarks. Excellent opportunity for investors seeking diverse income streams, attractive financing, and long-term appreciation potential.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$367,403
|
$21.61
|
| Taxes |
$41,875
|
$2.46
|
| Operating Expenses |
$90,815
|
$5.34
|
| Total Expenses |
$132,690
|
$7.80
|
| Net Operating Income |
$234,713
|
$13.80
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $367,403 |
| Annual Per SF | $21.61 |
| Taxes | |
|---|---|
| Annual | $41,875 |
| Annual Per SF | $2.46 |
| Operating Expenses | |
|---|---|
| Annual | $90,815 |
| Annual Per SF | $5.34 |
| Total Expenses | |
|---|---|
| Annual | $132,690 |
| Annual Per SF | $7.80 |
| Net Operating Income | |
|---|---|
| Annual | $234,713 |
| Annual Per SF | $13.80 |
Property Facts
| Price | $3,350,000 | Building Class | C |
| Price Per Unit | $159,524 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 17,004 SF |
| Cap Rate | 7.01% | No. Stories | 3 |
| No. Units | 21 | Year Built | 1913 |
| Property Type | Multifamily | Parking Ratio | 0.59/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LA C2 - Commercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Use | ||
| Price | $3,350,000 |
| Price Per Unit | $159,524 |
| Sale Type | Investment |
| Cap Rate | 7.01% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 17,004 SF |
| No. Stories | 3 |
| Year Built | 1913 |
| Parking Ratio | 0.59/1,000 SF |
| Zoning | LA C2 - Commercial C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Use |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Tub/Shower
- Family Room
Site Amenities
- Public Transportation
Very walkable
80/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5189-001-018 | Total Assessment | $3,713,869 (2025) |
| Land Assessment | $1,392,699 (2025) | Annual Taxes | $41,875 ($2.46/SF) |
| Improvements Assessment | $2,321,170 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
5189-001-018
Land Assessment
$1,392,699 (2025)
Improvements Assessment
$2,321,170 (2025)
Total Assessment
$3,713,869 (2025)
Annual Taxes
$41,875 ($2.46/SF)
Tax Year
2024
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Mixed-Use Investment Opportunity | 2226-2230 Whittier Blvd
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