Description for
4126 Whittier BoulevardLos Angeles, CA 90023
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
Price
$1,300,000
Los Angeles
4,207 (approx)
24354149
Active
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
Listing Information
Property Type: Mixed Use, Business Opportunities, 1 Story
0.17 Acres
Assessor
4,207 (approx)
1957
1
4 Total
Neighborhood
Room Information
Exterior / Lot Features
5 Parking Spaces,0 Covered Parking Spaces,
LCL3
Driving Directions
Head north on S Downey Rd and turn left onto Whittier Blvd. The subject property is located on Whittier Blvd, in between S Bonnie Beach Place and S Record Ave.
Financial Considerations
5239020003
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.