Mixed-Use
11142-11208 Whittier Blvd
11142-11208 Whittier Blvd, Whittier, CA 90606
Listing Price: $3,990,000
Investment Overview
Marcus & Millichap Commercial Real Estate Company is pleased to exclusively present a ± 22,409 SF Multi-Tenant Retail/Residential property located at 11142-11208 Whittier Blvd., in Whittier, California. Situated on a large ± 1.18 Acre lot, there is ± 310 feet of prime street frontage, coupled with a traffic count of ± 28,000 vehicles per day. Being offered for the first time in 40 plus years on the open market, the offering consists of three separate two-story buildings. There are a total of 23 units, consisting of 12 multi-family units and 11 retail units. Said offering is priced well below replacement cost at $178.05 psf and is constructed in ± 1950. Each multi-family and retail unit is individually metered for gas & electricity, and the landlord is responsible water, sewer and trash. This is a rare opportunity to acquire a well-located investment offering, which is an ideal re-positioning/value-add opportunity. The multi-family units at the property are only subject to California’s statewide AB1482 rent ordinance, with no additional local rent control restrictions.
11142-11208 Whittier Blvd
Investment Highlights
- First Time on the Market in 40 Plus Years, a ±22,409 SF Multi-Tenant Retail/Residential Property
- ±310 feet of prime street frontage on Whittier Blvd, coupled with a traffic count of ±28,000 vehicles per day
- Three Separate Two-Story Buildings situated on a large ±1.18 Acre Lot
- Priced well below replacement cost at $178.05 PSF
- Total of 23 Units, 12 Multi-Family Units and 11 Retail Units
- Desirable Demographics; ±432,650 Population and Average Household Income of $109,185 in a 5-Mile Radius
- Ideal Re-Positioning/Value-Add Opportunity, Pro-Forma Cap of 8.52%
Listing Price: $3,990,000
Investment Highlights
- First Time on the Market in 40 Plus Years, a ±22,409 SF Multi-Tenant Retail/Residential Property
- ±310 feet of prime street frontage on Whittier Blvd, coupled with a traffic count of ±28,000 vehicles per day
- Three Separate Two-Story Buildings situated on a large ±1.18 Acre Lot
- Priced well below replacement cost at $178.05 PSF
- Total of 23 Units, 12 Multi-Family Units and 11 Retail Units
- Desirable Demographics; ±432,650 Population and Average Household Income of $109,185 in a 5-Mile Radius
- Ideal Re-Positioning/Value-Add Opportunity, Pro-Forma Cap of 8.52%
Investment Overview
Marcus & Millichap Commercial Real Estate Company is pleased to exclusively present a ± 22,409 SF Multi-Tenant Retail/Residential property located at 11142-11208 Whittier Blvd., in Whittier, California. Situated on a large ± 1.18 Acre lot, there is ± 310 feet of prime street frontage, coupled with a traffic count of ± 28,000 vehicles per day. Being offered for the first time in 40 plus years on the open market, the offering consists of three separate two-story buildings. There are a total of 23 units, consisting of 12 multi-family units and 11 retail units. Said offering is priced well below replacement cost at $178.05 psf and is constructed in ± 1950. Each multi-family and retail unit is individually metered for gas & electricity, and the landlord is responsible water, sewer and trash. This is a rare opportunity to acquire a well-located investment offering, which is an ideal re-positioning/value-add opportunity. The multi-family units at the property are only subject to California’s statewide AB1482 rent ordinance, with no additional local rent control restrictions.
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