$309.01 Per Sq Foot $6,979 est/mo Sourced by Back At You

4126 Whittier Boulevard,Los Angeles, CA 90023

Los Angeles CA, 90023

Share with a friend

Description

We are pleased to present the opportunity to acquire 4126 Whittier Blvd, a mixed-use retail & residential property located in East Los Angeles. Built in 1957, the property is comprised of 4 separate structures, totaling 4,207 square feet, that sit on a 7,500 square foot lot zoned LCC3. The four structures include the following: a 1,100 square foot retail space, a 962 square foot retail space, a 3bed/1bath house, and a detached garage. The residential unit is currently owner-occupied, however the entire property will be delivered vacant at the close of escrow. 4126 Whittier Blvd provides a rare opportunity for many different owner-user investors that might consider occupying one or both retail spaces, the residential unit, or a combination of both. The significant rental demand in the area will also be attractive to investors who do not wish to occupy the area and instead will consider adding value through interior and exterior upgrades to the property. The garage in the rear contains a non-conforming studio and 1bed/1bath unit that could possibly be converted to one legal ADU (Buyer to investigate). The conversion of the garage to an ADU will significantly boost income for the property. Additionally, the property is in a Historically Underutilized Business Zone (HUBZone) and a State Enterprise Zone, which can be very important and helpful to future tenants of the retail spaces. Another advantage for potential developers is that the property is located within an Opportunity Zone and could provide the opportunity to offset significant capital gains taxes. Located west of Downey Rd, this opportunity sits between Whitter Blvd and the 5 Freeway. Tenants benefit from multiple bus transit spots that are all within a couple blocks. Whittier Blvd is a major artery that runs through all East Los Angeles and into Montebello and the city of Whittier. Its streets are lined with local businesses, restaurants, new multifamily developments, and much more. For commuters, this parcel sits inside the 5, 60, and 710 Freeway Triangle and allows ease of access to all neighboring cities

Details

Listing ID24354149
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1957
Days On Site71
Listing Provided ByMarcus & Millichap 818-212-2700 | Sevak Keshishian

Features

SQ Feet4,207
Story(s)1
Units3
Building(s)4
ZoningLCL3
Acreage0.17

Market Activity 90023

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Request a showing

Request a showing

Loading Form

Contact

Learn More About This Property

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90023
AreaELA East Los Angeles
Listing VS Median (in 90023)
Price:
$1,300,000
low | high
Med:
$732,500
93.653884615385% of Average
SqFt:
4,207
low | high
Med:
1,426
100% of Average
$ / SqFt:
$309
low | high
Med:
$541
25.130657207835% of Average
On Site:
71
low | high
Med:
26.500000
100% of Average
Sourced by Back At You
Listing Updated: March 5, 2024 at 6:55:21 PM PST
Real Estate Links Our Domains