1114211208 Whittier Blvd — Sale in Whittier, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Whittier, CA 90606

Investment Figures

Cap rate
3.08%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. 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%

Market Context

This multifamily in Whittier, CA is listed for sale. It is offered at an approximate 3.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Whittier, CA — view the full market.

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