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Mixed-Use

3651 Whittier Blvd

3651 Whittier Blvd, Los Angeles, CA 90023

Listing Price: $1,100,000

Cap Rate
1.50%
Number of Units
3
Occupancy
100.0%
Price/Unit
$366,667
Price/Gross SF
$185.00
Gross SF
5,946

Investment Overview

Marcus & Millichap is proud to present, 3651 Whittier Blvd, a mixed-use asset consisting of two buildings totaling 5,946 square feet on 8,656 square feet of land. Uniquely positioned in a gentrifying pocket of Boyle Heights, the structures include a duplex, and an industrial warehouse in the back. The apartment unit mix consist of one 2 bed /1 bath and one 1 bed / 1 bath. Each tenant is responsible for the water which is separately metered. Although the property is fully occupied with monthto- month leases, it can be delivered vacant. With the current zoning, the site can be developed into 16 units. 3651 Whittier Blvd presents a value-add investor the opportunity to increase the current rents and the flexibility for future redevelopment. Additionally, an owner/user can partially occupy the property while simultaneously receiving supplemental income. There has been a significant amount of movement and turnover within the marketplace, creating an opportunity for new concepts to enter the market and position this property for the future. The property is superlatively located near some of the major areas of Southern Los Angeles such as the Fashion District, Downtown Los Angeles, Chinatown, Dodger Stadium and the brand new Sears redevelopment which will include dining hall, offices, rooftop restaurant, and more than 1,000 live / work units. 3651 Whittier Blvd is in a tremendous location for an investor, developer or owner-user to capitalize on the developments and expansions in the evolving East Los Angeles neighborhood.

Investment Highlights

  • Mixed Use Asset – Duplex / Warehouse, Densely Urban Neighborhood / High Traffic Counts
  • Value Add / Redevelopment / Owner-User Opportunity - Creative Live / Work Space, Zoned LA(Q)C2-1-CUGU (TOC Tier 1) – [Q] condition converts zoning to C1.5
  • Strong Street Frontage / Alley Access, Close Proximity to the 5 /10 / 60 / 710 Freeways, Month-to-Month Tenants

Exclusively Listed By

Listing Price: $1,100,000

Cap Rate
1.50%
Number of Units
3
Occupancy
100.0%
Price/Unit
$366,667
Price/Gross SF
$185.00
Gross SF
5,946

Investment Highlights

  • Mixed Use Asset – Duplex / Warehouse, Densely Urban Neighborhood / High Traffic Counts
  • Value Add / Redevelopment / Owner-User Opportunity - Creative Live / Work Space, Zoned LA(Q)C2-1-CUGU (TOC Tier 1) – [Q] condition converts zoning to C1.5
  • Strong Street Frontage / Alley Access, Close Proximity to the 5 /10 / 60 / 710 Freeways, Month-to-Month Tenants

Investment Overview

Marcus & Millichap is proud to present, 3651 Whittier Blvd, a mixed-use asset consisting of two buildings totaling 5,946 square feet on 8,656 square feet of land. Uniquely positioned in a gentrifying pocket of Boyle Heights, the structures include a duplex, and an industrial warehouse in the back. The apartment unit mix consist of one 2 bed /1 bath and one 1 bed / 1 bath. Each tenant is responsible for the water which is separately metered. Although the property is fully occupied with monthto- month leases, it can be delivered vacant. With the current zoning, the site can be developed into 16 units. 3651 Whittier Blvd presents a value-add investor the opportunity to increase the current rents and the flexibility for future redevelopment. Additionally, an owner/user can partially occupy the property while simultaneously receiving supplemental income. There has been a significant amount of movement and turnover within the marketplace, creating an opportunity for new concepts to enter the market and position this property for the future. The property is superlatively located near some of the major areas of Southern Los Angeles such as the Fashion District, Downtown Los Angeles, Chinatown, Dodger Stadium and the brand new Sears redevelopment which will include dining hall, offices, rooftop restaurant, and more than 1,000 live / work units. 3651 Whittier Blvd is in a tremendous location for an investor, developer or owner-user to capitalize on the developments and expansions in the evolving East Los Angeles neighborhood.

Exclusively Listed By

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