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.
Please do not Disturb Tenants, Walk and/or Talk to Anyone at the Property.
For Further Information, Please Contact the Listing Agents.