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Multi-Tenant Retail/Residential Property 3 Retail Properties Offered at $3,990,000 in Whittier, CA
INVESTMENT HIGHLIGHTS
- First Time on the Market in 40 Plus Years, a ±22,409 SF Multi-Tenant Retail/Residential Property
- Three Separate Two-Story Buildings situated on a large ±1.18 Acre Lot
- Total of 23 Units, 12 Multi-Family Units and 11 Retail Units
- ±310 feet of prime street frontage on Whittier Blvd, coupled with a traffic count of ±28,000 vehicles per day
- Priced well below replacement cost at $178.05 PSF; Ideal Re-Positioning/Value-Add Opportunity, Pro-Forma Cap of 8.52%
- Desirable Demographics; ±432,650 Population and Average Household Income of $109,185 in a 5-Mile Radius
EXECUTIVE SUMMARY
Marcus & Millichap Commercial Real Estate Company is pleased to exclusively present a ± 22,409 SF Multi-Tenant Retail/Residential property located at 11142-11208 Whittier Blvd., in Whittier, California. Situated on a large ± 1.18 Acre lot, there is ± 310 feet of prime street frontage, coupled with a traffic count of ± 28,000 vehicles per day. Being offered for the first time in 40 plus years on the open market, the offering consists of three separate two-story buildings. There are a total of 23 units, consisting of 12 multi-family units and 11 retail units. Said offering is priced well below replacement cost at $178.05 PSF and is constructed in ± 1950. Each multi-family and retail unit is individually metered for gas & electricity, and the landlord is responsible water, sewer and trash. This is a rare opportunity to acquire a well-located investment offering, which is an ideal re-positioning/value-add opportunity. The multi-family units at the property are only subject to California’s statewide AB1482 rent ordinance, with no additional local rent control restrictions.
Please do not Disturb Tenants, Walk and/or Talk to Anyone at the Property.
For Further Information, Please Contact the Listing Agents.
Please do not Disturb Tenants, Walk and/or Talk to Anyone at the Property.
For Further Information, Please Contact the Listing Agents.
PROPERTY FACTS
| Price | $3,990,000 | Number of Properties | 3 |
| Price / SF | $178.05 / SF | Individually For Sale | 0 |
| Cap Rate | 8.52% | Total Building Size | 22,409 SF |
| Sale Type | Investment | Total Land Area | 2.74 AC |
| Status | Escrow |
| Price | $3,990,000 |
| Price / SF | $178.05 / SF |
| Cap Rate | 8.52% |
| Sale Type | Investment |
| Status | Escrow |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 22,409 SF |
| Total Land Area | 2.74 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 11154-11158 Whittier Blvd, Whittier, CA 90606 | Retail | 8,702 SF | 1950 | - |
| 11142-11148 Whittier Blvd, Whittier, CA 90606 | Retail | 7,079 SF | 1999 | - |
| 11202-11208 Whittier Blvd, Whittier, CA 90606 | Retail | 6,628 SF | 1952 | - |
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Multi-Tenant Retail/Residential Property
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