Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 7909 Painter Avenue, a freestanding two-story office building located in the city of Whittier, California. This owner-user or investor offer is situated on the west side of Painter Avenue, between Walnut Street and La Cuarta Street. The property is near State Route 72 that runs along Whittier Boulevard, providing commuters easy access to cities in both Los Angeles and Orange County. Constructed in 1961, the office building consists of three office suites: a 1,229 square feet suite and a 200 square feet suite on the ground floor, and a 2,154 square feet suite on the second floor. The subject property sits on a rectangular parcel of approximately 7,858 square feet and has a total of approximately 3,583 square feet of building area. There are seventeen surface parking spaces accessible through the front and the rear of the property. On the first floor, guests are welcomed by an outdoor directory at the front entrance, floor-to-ceiling windows, and an indoor staircase with a serene garden area to the left. The 1,229 square feet office space on the right offers a private lobby/waiting area with two reception windows, an executive office along with multiple office cubes. The 200 square feet suite offers a side entrance and hardwood flooring, and it is currently occupied by a beauty service business with a month-to-month lease. On the second floor, the common area offers hardwood flooring and a small kitchenette. There are two individual offices and multiple conference rooms. This suit is occupied by a Nurse CPR Training Program. In addition, the subject property features common area restrooms on both floors, a utility storage room, security cameras and lighting, separate utility meters for each floor, and keypad locks for each suite and the side door. The building is well-maintained and equipped with renovations including new windows with awnings, freshly painted exterior, new roof, new HVAC system, new PEX plumbing, and a recently resealed/restriped parking lot. The office building is zoned C-0 (commercial office) and is ideally situated between the bustling Uptown Whitter to the north and Whittier Boulevard to the south, one of the main thoroughfares in the city with an annual average daily traffic count of over 27,000. Within a mile north on Painter Avenue, Whittier College is a 4-year private liberal art institution that offers over 30 academic departments and unique pre-professional programs. Whittier City Hall along with the city’s public library, community center, senior center, and police department are all within walking distance of the subject property. With a very walkable score of 87, tenants have easy access to multiple department stores and shopping centers along Whittier Boulevard including Walgreens, Staples, T.J. Maxx, Quad At Whittier shopping mall, Michaels, and Big 5 Sporting Goods. Centrally located in South California, the city of Whittier is a dynamic and diverse city with a rich history, strong community bonds, and a variety of amenities for its residents to enjoy. It provides a suburban lifestyle while still being within a reasonable commuting distance to both downtown Los Angeles and Orange County. The charming historic Uptown Whittier is considered the “Heart of Whittier” and the area boasts multiple indoor and outdoor dining destinations, a movie theater, boutique clothing stores, weekly farmer’s market, breweries, and several live music venues. The city takes pride in preserving its historical landmarks including the Whittier Historical Depot Transportation Center, Museum, Peace Memorial, former President Nixon’s First Law Office, and the four different historic residential districts.