Description for
2635 Whittier BoulevardLos Angeles, CA 90023
IRN Realty is proud to exclusively showcase for sale this 6-unit mixed-use retail and apartment complex in the heart of East Los Angeles. The property is comprised of a 4-unit street retail building with a detached 2-story duplex. The total building square footage is 6,746 SF and it resides on a 9,600 square foot lot. The mixed-use asset has two separate buildings in tandem, approximately 5,030 SF of 4 unit street retail in the front and a 2-story 1,716 SF residential building located in the back. The property is zoned as C2, subject to the Citys Rent Stabilization Ordinance (RSO) and is neither located in an Opportunity Zone nor a HUBZone. In 2012, a building permit was issued for the building addition of the first floor apartment structure at 2639 Whittier Blvd. (Buyer to Verify). The official address of the subject property is 2631 2639 Whittier Blvd, Los Angeles, CA 90023. Immersed in the rich culture of Los Angeles, this mixed-use asset was originally built in 1947. The building has served the Boyle Heights District for many decades and has a traffic count of approximately 30,000 people per day. It is in close proximity to the major freeways including the I-5, US-101, CA-60 and I-10. Current tenants offer a nice assortment of services including: restaurant, bar cafe, church and uniform manufacturing. Some tenants currently exercise a month-to-month tenancy while other tenants possess signed lease agreements ranging from 1 to 2 years. 2635 Whittier Blvd. is a great opportunity for investors and owner-users alike. On the investment side, there is immense upside to create additional rental value as the district of Boyle Heights is home to many flourishing businesses that service the local community. For owner-users, there is equal opportunity to personalize the building to ones individual business while building long-term equity and supplementing income with neighboring enterprises.
Price
$1,989,000
Los Angeles
6,746 (approx)
WS24083010
Active
Description
IRN Realty is proud to exclusively showcase for sale this 6-unit mixed-use retail and apartment complex in the heart of East Los Angeles. The property is comprised of a 4-unit street retail building with a detached 2-story duplex. The total building square footage is 6,746 SF and it resides on a 9,600 square foot lot. The mixed-use asset has two separate buildings in tandem, approximately 5,030 SF of 4 unit street retail in the front and a 2-story 1,716 SF residential building located in the back. The property is zoned as C2, subject to the Citys Rent Stabilization Ordinance (RSO) and is neither located in an Opportunity Zone nor a HUBZone. In 2012, a building permit was issued for the building addition of the first floor apartment structure at 2639 Whittier Blvd. (Buyer to Verify). The official address of the subject property is 2631 2639 Whittier Blvd, Los Angeles, CA 90023. Immersed in the rich culture of Los Angeles, this mixed-use asset was originally built in 1947. The building has served the Boyle Heights District for many decades and has a traffic count of approximately 30,000 people per day. It is in close proximity to the major freeways including the I-5, US-101, CA-60 and I-10. Current tenants offer a nice assortment of services including: restaurant, bar cafe, church and uniform manufacturing. Some tenants currently exercise a month-to-month tenancy while other tenants possess signed lease agreements ranging from 1 to 2 years. 2635 Whittier Blvd. is a great opportunity for investors and owner-users alike. On the investment side, there is immense upside to create additional rental value as the district of Boyle Heights is home to many flourishing businesses that service the local community. For owner-users, there is equal opportunity to personalize the building to ones individual business while building long-term equity and supplementing income with neighboring enterprises.
Listing Information
Property Type: Retail, Business Opportunities, 2 Story
Subject property is located on Whittier Blvd in between S Mott St and Orme Ave. For access to the back of the property, there is an alleyway that may be located on Orme Ave.
Financial Considerations
5185032028
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California.
Los Angeles, California 90023 has a population of 3,956,168.
The median household income in Los Angeles, California 90023 is
$44,882.
The median household income for the surrounding county is $73,262
compared to the national median of $66,222.
The median age of people living in Los Angeles 90023 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
Street Address
City
Beds
Baths
Sold Price
Sold Date
No information is available for recently sold properties within this search.