6546-6554 Whittier Blvd
Los Angeles, CA 90022
Garfield Center · Retail Property For Sale

PRICE REDUCTION. PERFECT OWNER-USER OR SMALL INVESTOR. LOWEST PRICED NEWER CONSTRUCTION IN THE MARKET. We are pleased to present Garfield Center Plaza, a 2006 built 4-unit strip center situated near the corner of Whittier Boulevard and Garfield Avenue and on the border of Montebello and East Los Angeles. The building is approximately 2,635 square feet and is situated on over 7,300 square feet of land. There is a total of 9-parking spaces creating a 4 to 1 parking ratio. Each unit has its own rest room, dropped ceilings, tile floors and was designed with efficiency and maximization in mind. The parking lot is all concrete and includes a fence, trash enclosure plus a storage and utility room. The building is LShape and includes neon lighting to attract additional attention from Whittier Boulevard. The property faces the Montebello City Entrance/Exit monument. Currently, the building has one vacancy of approximately 680 square feet, which equates to 33% of the center. The remaining tenants are mostly local service-based businesses, including a party-supply store, a barber shop & facial salon, plus an IT Repair Store. The tenants are on gross leases and paying below market rents for comparable newly constructed strip centers. Upon the expiration of the leases, an investor can reposition the asset by finding a credit worthy tenant to occupy all or one of the spaces as leases roll over. Alternatively, an owner-user can occupy the vacant space while offsetting their mortgage from the remaining tenants. Either way, this offering is an affordable way to purchase a newer constructed strip center in the dense infill market of East Los Angeles and Montebello.