The Floyd Group at Marcus & Millichap is pleased to present 4414 Whittier Blvd, three parcels totaling 21,822 square feet of land. Ideally located in historic East Los Angeles, this a prime opportunity to develop along Whittier Blvd, a highly sought after developmental corridor experiencing major growth.
4414 Whittier Blvd is situated at the intersection of Whittier Blvd and Eastern Ave. There are three contiguous parcels zoned C-3, which allows for 24 Apartment Units to be built by right or 43 units with the density bonus allotted for affordable housing. The base residential
density is 50 units/acre. There is a 7.5 alley dedication, so subtracting that area, you can have a total of 24 baseline units. Depending on
the number of affordable units you will be setting aside from those base¬line units, and the level of affordability of those units, you are entitled to a certain % increase through density bonus in C-3 zoning in Los Angeles County. Whittier Blvd has seen an unprecedented increase in new development as a result, with over 200 new constructed apartment units costing well over $100 million dollars. This truly rare offering will be delivered vacant making way for the ideal owner/user or development scenario. Ideally situated in the heart of a densely populated area featuring over 171,000 residents within a 1-mile radius. Another potential development concept the site possess is an EV charging station, due to its immediate proximity to the 710 freeway.
4414 Whittier is located within walking distance of many national tenants that include: Target, McDonalds, Starbucks, Chase Bank, and Nike. East Los Angeles has looked to incentivize development, one notable project includes: The Las Dahlias development, a four story 78-unit affordable housing project on 3rd and Dangler. This project received $23.8 Million in grant funding from the California Strategic Growth Council. In addition, The Legal Aid Foundation of Los Angeles will be redeveloping its existing law office located at 5228 Whittier Blvd. East Los Angeles Community College and California State University of Los Angeles are within minutes of 4414 Whittier Blvd making this the perfect opportunity to invest in an area well positioned for major growth and investment.
