2635 Whittier Boulevard Los Angeles, CA $ 1,989,000
2635 Whittier Boulevard
$ 1,989,000
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2635 Whittier Boulevard

Los Angeles, CA, 90023
$ 1,989,000
Baths0.0 Sq 6,746

Monthly Estimate*

$ 13,894

Listed by IRN REALTY
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Studio

Commercial Property for sale in Los Angeles, CA

for $1,989,000. This 6,746 square foot building was built on a lot size of 0.2204.

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 City’s 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 ½ 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 one’s individual business while building long-term equity and supplementing income with neighboring enterprises.

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Commercial Active

Price

$ 1,989,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

0.2204

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

WS24083010

Days on Market

11

Features
General
Zoning C2
Property SubType Retail
County Los Angeles
Net Operating Income 100127.34
Operating Expense 40263.66
Insurance Expense 8569.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions 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.
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 6
MLS Area BOYH - Boyle Heights
Lot Size Square Feet 9602.0
Private Pool N
Waterfront Y/N N
Carport Spaces 2.0
Carport Y/N Y
Number of Units Leased 6
Street Name Whittier
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Water Sewer Expense 4200.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 2
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Tenant
Property Sub Type Additional Retail
Cap Rate 5.03
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Exterior
Lot Features Item01UnitAcre
Water Source Public
Total Parking 6.0
Lot Size Area 9602.0
Spa N
Building Area Total 6746.0
Lot Size Acres 0.2204
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Boulevard
Laundry Features Inside
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 2635
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* Excluded Features
List By
Irn Realty

Broker

(626) 227-5994

Phone

Affordability Calculator

$13,894
Per Month
100%
0%
0%
Monthly Principal & Interest
$13,894
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/25/2024$1,989,000 Listed Price

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2635 Whittier Boulevard, Los Angeles, CA, 90023 is a Commercial Property for sale at $1,989,000 with 6,746 sqft and a lot size of 0.2204. 2635 Whittier Boulevard is a studio with 0.0 baths. The property's zip code is 90023 which is in Los Angeles, CA