For Sale
4126 Whittier Boulevard, Los Angeles, CA 90023
4126 Whittier Boulevard, Los Angeles, CA 90023
  • $1,300,000
  • $309

Overview

Property ID: HZ14782359
  • Commercial Sale
  • Property Type
  • 1957
  • Year Built

Description

We are pleased to present the opportunity to acquire 4126 Whittier Blvd, a mixed-use retail & residential property located in East Los Angeles. Built in 1957, the property is comprised of 4 separate structures, totaling 4,207 square feet, that sit on a 7,500 square foot lot zoned LCC3. The four structures include the following: a 1,100 square foot retail space, a 962 square foot retail space, a 3bed/1bath house, and a detached garage. The residential unit is currently owner-occupied, however the entire property will be delivered vacant at the close of escrow. 4126 Whittier Blvd provides a rare opportunity for many different owner-user investors that might consider occupying one or both retail spaces, the residential unit, or a combination of both. The significant rental demand in the area will also be attractive to investors who do not wish to occupy the area and instead will consider adding value through interior and exterior upgrades to the property. The garage in the rear contains a non-conforming studio and 1bed/1bath unit that could possibly be converted to one legal ADU (Buyer to investigate). The conversion of the garage to an ADU will significantly boost income for the property. Additionally, the property is in a Historically Underutilized Business Zone (HUBZone) and a State Enterprise Zone, which can be very important and helpful to future tenants of the retail spaces. Another advantage for potential developers is that the property is located within an Opportunity Zone and could provide the opportunity to offset significant capital gains taxes. Located west of Downey Rd, this opportunity sits between Whitter Blvd and the 5 Freeway. Tenants benefit from multiple bus transit spots that are all within a couple blocks. Whittier Blvd is a major artery that runs through all East Los Angeles and into Montebello and the city of Whittier. Its streets are lined with local businesses, restaurants, new multifamily developments, and much more. For commuters, this parcel sits inside the 5, 60, and 710 Freeway Triangle and allows ease of access to all neighboring cities

  • Address 4126 Whittier Boulevard
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90023
  • Area ELA - East Los Angeles
  • Country United States

Details

Updated on February 2, 2024 at 8:14 pm
  • Property ID: HZ14782359
  • Price: $1,300,000
  • Land Area: 7500.00 Sqft
  • Year Built: 1957
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 4207.00
  • Living Area Prefix: Sqft
  • MLS#: 24354149
  • Office Name: MARCUS & MILLICHAP
  • Agent Name: Sevak Keshishian
  • MLS Status: Active
  • Agent State License: 01887505

Additional details

  • County: Los Angeles
  • Property SubType: Commercial/Residential
  • Parking: 5.00

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