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5729 Whittier Boulevard, Los Angeles, CA

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5729 Whittier Boulevard

Los Angeles, CA 90022 - Southeast Los Angeles Submarket

Property Type:Retail Sub Type:Storefront Retail/Residential Status:Existing Year Built:1949
Building Size:3,933 SF Land Area:.15 AC (6,747 SF)
For Sale Price:$1,095,000 Price/SF:$278.41
Cap Rate:6.00 %
Parking:6 Surface spaces are available; Ratio of 1.53/1,000 SF
Features:Signage, Signalized Intersection

Subject property is at a signalized intersection of Whittier Boulevard & Gerhart Avenue. The location provides easy access to the 5, 10, and 60 Freeways being its proximity being within a few blocks. Public mass transit is also adjacent to the location.

Whittier Boulevard is a Major Retail Corridor with Regional and National Tenants.

Sale Notes:
This Retail/Residential property is located at the signalized corner of Whittier Blvd & Gerhart Ave. The property consists of single story retail building and a duplex residential building separated by a parking lot totaling 3,900 SF in size on 6,596 SF corner lot. The offering has good frontage along Whittier Blvd.

The retail portion of the property consists of a Farmer's Insurance tenant and a newly executed lease with SuKarne, a subsidiary of Premium Meat Corporation! SuKarne is a Mexican based meat distributor, with $1.9 billion dollars in sales with over 200 locations including Mexico, U.S. and Japan. The residential building consists of 2 one bedroom one bathroom units, both on a month to month tenancy.

The current owner has already upgraded the property with copper plumbing and new electrical 8 years ago. In 2017, the owner also applied new paint & stucco to the exterior of the property and installed roll-up security doors & the parking lot gate.

The subject property has one point of ingress & egress along Gerhart Ave with approx. 5 on-site parking spaces in addition to plenty of street parking.

This offering will attract an investor who is looking for a 100% occupied retail property, with a corporate tenant who would like to take advantage of its excellent signalized location.

The subject property is located at the Northwest signalized corner of Whittier Blvd. & Gerhart Ave. It is just east of the major signalized corner of Whittier & Atlantic Blvd. Whittier Blvd is considered one of the major commercial thoroughfares in East Los Angeles. The property has great freeway access; approximately 1 mile from the 5 Freeway & about 1.5 mile from the 710 Freeway. It is situated directly across the street from Target Center on Whittier Blvd. It is also less than 1.5 miles from Citadel Outlet Mall, and Commerce Casino.

The demographics in the immediate area offer over 39,000 people residing within 1 mile radius and over 220,000 people residing within a 3 mile radius.

Keller Williams Realty Westside
Omid Saleh
(310) 482-2500

David Yashar
(310) 724-8043

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