DRE #00338699
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10834 Whittier Boulevard $2,599,900


10834 Whittier Boulevard Whittier, CA 90606

  • 6,330 sq.ft.
  • 0.40 Acres
  • Commercial Sale
MLS# DW19130827 | Active
Days On Market: 79 0 Views
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Property Details

INVESTMENT OPPORTUNITY: Valued at $3,070,000 once fully rented and stabilized, Offered at $2,599,900. Potential for nearly $500k in Equity. Appraisal Report and Financials available upon request. NEW DEVELOPMENT: with a Pro-Forma 5.2% Cap rate, Completed in June 2019. 5 Separate Suites (3 Office and 2 Retail Use). Suites can be used for Retail, Medical, Dental and Office. INCOME: Per Professional MAI Appraisal, Gross Annual Rents Are Estimated at $189,900, Net Operating Income (NOI) is Estimated at $135,549 providing a 5.2% cape rate. Vacancy and Rent Allowance were factored into current sales price. All Suites Are Built Out, Vacant and ready for Occupancy, Perfect for an Owner User or Investor to Rent on their own preferred terms. Prime location on Whittier Blvd with 40,000+ cars per day, High Visibility, Easy access to 605 and 5 Freeways. Property consists of 6,330 total usable square footage with 21 parking spaces. Each Suite has its own ADA compliant Restroom, HVAC System and is Individually Metered for Electric, reducing owner's electrical costs. These are smaller high demand rental spaces, easier to rent and manage. Suites 101-103 can be combined to make a larger Suite. IMPROVEMENTS: New Structural, Electrical, Plumbing, Mechanical, HVAC, Roofing. New Parking Lot and Landscaping, ADA Compliant. New Main Sewer Line, Underground Electrical, Water Line, Meter and Fire Hydrant at Side Walk and a 4K Security Camera System.

  • General Features
    • County Or Parish Los Angeles
    • Number Of Buildings 2
    • Number Of Units Leased 5
    • Number Of Units Total 5
    • Year Built 2019
  • Building Features
    • Carport Spaces 0.00
    • Cooling Central Air
    • Heating Central
    • Laundry Features None
  • Property Features
    • Fencing Block
    • Lot Features Lot 10000-19999 Sqft
    • Lot Size Acres 0.4
    • Parking Total 21.00



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Market Last 30 Days

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Property History

Date Event Price Percent Change
-- Current Price Source New Value: $2,599,900
7/8/2019 2:47:47 PM Price Reduced Source New Value: $2,599,900 -7.14%
6/4/2019 12:49:00 PM New in Database Source New Value: $2,799,900

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Based on information from California Regional Multiple Listing Service, Inc. as of 8/22/2019 2:56:20 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.