Investment Overview

Marcus Millichap are pleased to present 4141 Whittier Blvd, Los Angeles, CA. A mixed-use building consisting of three apartment units and two commercial units totaling 6,059 square feet of building on 7,501 square feet of land, ideally located in historic East Los Angeles. This is a prime opportunity to own along Whittier Blvd, a retail corridor experiencing massive growth and development. 4141 Whittier Blvd will be for sale for the first time in 20 years. Situated on the corner lot of Bonnie Beach Place and Whittier Blvd this property is a perfect opportunity for a value-add investor to own in an area experiencing major growth and development. The building is two stories with secured private parking. There are a total of 5 tenants all on month-to-month leases. Three tenants are 1 bed 1 bath apartment units on the second floor of the building. Long-time tenant Maricela’s Discount store and a Tax Registration operator are occupying the first floor. All tenants are on month-to-month leases. Space for 8 parking spaces are located in the rear. Approximately 2,700 square feet on the 1st floor and 1 apartment unit will be vacant upon sale allowing an owner user to place their business or giving a value add investor the opportunity to add new tenants at market rate. There are major upsides in the rent. This is a rare opportunity to acquire a multi-tenant retail building with ample on-site secured parking in an area with limited parking. The site is ideally located in a high vehicle and foot traffic street of Whittier Blvd. The property presents easy access to the 5, 10, 60, and 710 Freeways. Some notable national tenants within walking distance are Target, Starbucks, McDonald’s, and Chase Bank. Additionally, East Los Angeles has looked to incentivize development some projects are; the 63-unit affordable housing project at 3552 Whittier Blvd, an $18 Million, 4- Story project featuring all studio apartments, the 34-unit affordable housing project at 4101 Whittier Blvd, a $23 Million, two-story project featuring a mix of studio and 1 bedroom apartments, 4161 Whittier Blvd, The La Paz Apartments, a three-story 42 unit project with 1,100 Sf of retail space located on the first floor; and next door neighbors, 4200 Whittier Blvd, Puesta del Sol, a 71 Unit 4 story project with 3,400 Sf of retail space. There has been a significant amount of movement and turnover within East Los Angeles, creating an opportunity for new concepts to enter the market and position this submarket for the future.