2631-2639 Whittier Blvd - Storefront Retail/Residential FOR SALE


Los Angeles, CA 90023
$1,668,000 USD
626-227-5994
2631-2639 Whittier Blvd, Los Angeles, CA for Sale
$1,668,000 USD
Storefront Retail/Residential - FOR SALE
1/37
null | 6% Cap Rate

2631-2639 Whittier Blvd
Los Angeles, CA 90023


HIGHLIGHTS

  • Unique mix of month-to-month tenancy and short term leases
  • Owner-User or Investment Opportunity
  • C2 Zone & R4 Uses
  • Heavy street exposure directly on Whittier Blvd.
  • In close proximity to Sixth Street Viaduct, major freeways I-5, I-710 and SR-60

OVERVIEW

IRN Realty is proud to exclusively showcase for sale this 6-unit mixed-use retail and apartment complex in the heart of East Los Angeles. The property is comprised of a 4-unit street retail building with a detached 2-story duplex. The total building square footage is 6,746 SF and it resides on a 9,600 square foot lot. The mixed-use asset has two separate buildings in tandem, approximately 5,030 SF of 4 unit street retail in the front and a 2-story 1,716 SF residential building located in the back. The property is zoned as C2, subject to the City’s Rent Stabilization Ordinance (RSO) and is neither located in an Opportunity Zone nor a HUBZone. In 2012, a building permit was issued for the building addition of the first floor apartment structure at 2639 Whittier Blvd. (Buyer to Verify). The official address of the subject property is 2631 – 2639 ½ Whittier Blvd, Los Angeles, CA 90023. Immersed in the rich culture of Los Angeles, this mixed-use asset was originally built in 1947. The building has served the Boyle Heights District for many decades and has a daily traffic count of approximately 30,000 people daily. It is in close proximity to the major freeways including the I-5, US-101, CA-60 and I-10. Current tenants offer a nice assortment of services including: restaurant, bar cafe, church and uniform manufacturing. Some tenants currently exercise a month-to-month tenancy while other tenants possess signed lease agreements ranging from 1 to 2 years. 2635 Whittier Blvd. is a great opportunity for investors and owner-users alike. On the investment side, there is immense upside to create additional rental value as the district of Boyle Heights is home to many flourishing businesses that service the local community. For owner-users, there is equal opportunity to personalize the building to one’s individual business while building long-term equity and supplementing income with neighboring enterprises.

FOR SALE DETAILS

PRICE

$1,668,000 USD

PRICE/SF

$247 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

C2, Los Angeles

APN/PARCEL ID

5185-032-028

ASK ABOUT THIS PROPERTY

Filip AueyongIRN RealtyMore Info
626-227-5994

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Filip AueyongIRN RealtyMore Info
626-227-5994

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.