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Mixed-Use

7701 Painter Ave

7701 Painter Ave, Whittier, CA 90602

Listing Price: $995,000

Cap Rate
4.97%
Number of Units
1
Occupancy
100.0%
Price/Unit
$995,000
Price/Gross SF
$382.40
Gross SF
2,602

Investment Overview

Marcus & Millichap, as Exclusive Advisor, is pleased to present 7701 Painter Avenue, a 2,602 square foot mixed-use retail storefront/single family residence situated on 0.18 acres of land (7,814 SF) ideally located at the corner of Painter Avenue and Walnut Street in the Los Angeles County submarket of Whittier, CA.

7701 Painter Avenue is 100% occupied. The property’s 1,050 square foot commercial unit is occupied by Sala, a local coffee shop and wine bar, paying $4,000.00 per month ($3.81/SF) NNN on a lease expiring 2/28/2025 with one (1) outstanding one (1)-year option to extend. The tenant’s short-term lease provides a new user the ability to occupy the unit following lease expiration while receiving income from the adjacent single-family home. The 1,552 square foot, two bed, one bath residential unit is currently occupied by a long-time tenant paying a below market rent of $1,200.00/month or $0.77/SF.

The tenant’s short-term lease provides a new user the ability to occupy the unit following lease expiration while receiving income from the adjacent single-family home. The 1,552 square foot, two bed, one bath residential unit is currently occupied by a long-time tenant paying a below market rent of $1,200.00/month or $0.77/SF.

Investment Highlights

  • A 2,602 square foot mixed-use retail storefront/single family residence situated on 0.18 acres of land (7,814 SF)
  • Fully occupied Sala Coffee and Wine, a local staple for a morning coffee fix or new wine tastings, and a long-term residential tenant in the adjacent single family residence
  • Sala Coffee and Wine is on a NNN lease
  • Sala is paying $4,000.00 per month (3.81/SF) and the SFR is paying $1,200.00 per month ($0.77/SF) for a total monthly rent of $5,200.00 ($2.00/SF)
  • Sala's short-term lease provides a new user the ability to occupy the unit following lease expiration while receiving income from the adjacent single-family home

Exclusively Listed By

Financing By

Mixed-Use

7701 Painter Ave

Listing Price: $995,000

Cap Rate
4.97%
Number of Units
1
Occupancy
100.0%
Price/Unit
$995,000
Price/Gross SF
$382.40
Gross SF
2,602

Investment Highlights

  • A 2,602 square foot mixed-use retail storefront/single family residence situated on 0.18 acres of land (7,814 SF)
  • Fully occupied Sala Coffee and Wine, a local staple for a morning coffee fix or new wine tastings, and a long-term residential tenant in the adjacent single family residence
  • Sala Coffee and Wine is on a NNN lease
  • Sala is paying $4,000.00 per month (3.81/SF) and the SFR is paying $1,200.00 per month ($0.77/SF) for a total monthly rent of $5,200.00 ($2.00/SF)
  • Sala's short-term lease provides a new user the ability to occupy the unit following lease expiration while receiving income from the adjacent single-family home

Investment Overview

Marcus & Millichap, as Exclusive Advisor, is pleased to present 7701 Painter Avenue, a 2,602 square foot mixed-use retail storefront/single family residence situated on 0.18 acres of land (7,814 SF) ideally located at the corner of Painter Avenue and Walnut Street in the Los Angeles County submarket of Whittier, CA. 7701 Painter Avenue is 100% occupied. The property’s 1,050 square foot commercial unit is occupied by Sala, a local coffee shop and wine bar, paying $4,000.00 per month ($3.81/SF) NNN on a lease expiring 2/28/2025 with one (1) outstanding one (1)-year option to extend. The tenant’s short-term lease provides a new user the ability to occupy the unit following lease expiration while receiving income from the adjacent single-family home. The 1,552 square foot, two bed, one bath residential unit is currently occupied by a long-time tenant paying a below market rent of $1,200.00/month or $0.77/SF. The tenant’s short-term lease provides a new user the ability to occupy the unit following lease expiration while receiving income from the adjacent single-family home. The 1,552 square foot, two bed, one bath residential unit is currently occupied by a long-time tenant paying a below market rent of $1,200.00/month or $0.77/SF.

Exclusively Listed By

Financing By

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