2322 W Whittier Blvd - Storefront Retail/Residential FOR SALE


Montebello, CA 90640
$550,000 USD
213-434-1281
2322 W Whittier Blvd, Montebello, CA for Sale
$550,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 7.7% Cap Rate

2322 W Whittier Blvd
Montebello, CA 90640


HIGHLIGHTS

  • High-income in place of 7.7% capitalization rate.
  • Priced aggressive due to conditions.
  • Easy to manage.
  • Separate, adjacent lot included as parking lot, but can be developed.

OVERVIEW

This is a value-add or redevelopment opportunity with existing high income of 7.7% cap rate. The current use is mixed between 3x residential studio units with a 2-car garage and a small retail storefront facing Whittier Blvd. This purchase includes a separate, adjacent lot (APN: 6343-022-029, 2,515 SF)currently used as a private parking lot. Combined lot size is 5,053 SF. All three studio units and 2-car garage are leased producing $45,300 in annual gross rents. The retail unit was generating $15,000 in annual gross rents recently. The property has some deferred maintenance. The office building next door is also available for sale.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$466 USD /SF

CAP RATE

7.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whittier Blvd Mixed-Use Residential & Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,053 SF

ZONING

C2

APN/PARCEL ID

6343-022-028

ASK ABOUT THIS PROPERTY

Chris KimKW Commercial - Income Property TeamMore Info
213-434-1281

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Chris KimKW Commercial - Income Property TeamMore Info
213-434-1281

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.