3835 Whittier Boulevard, Los Angeles, CA 90023

About this commercial property

This East LA mixed use property offered at an in place, 6.7% Actual Cap Rate. This is a 100% occupied investment, offering strong and reliable cash flow. The building consists of 3 retail units on the ground floor, plus 4 residential units on the 2nd floor. The retail units are (a) Mexican restaurant, (b) Party Supply, (c) Herbalife. The retail units are easily rented, small stores of 950 sf - 1,100 sf each. The four residential units offer an appealing unit mix of one x 3 bedroom; two x 2 bedrooms; and one x 2 bedrooms + den. The residential units were all completely remodeled in 2019 including new floors, bathrooms, countertops, and upgraded electrical and plumbing. The property is frame and stucco construction type (NOT unreinforced masonry). There are 2 or 3 tandem parking spaces in the rear of the building that are exclusively used by the restaurant tenant. Please see the supplement for the rent roll, financials, and other pertinent information.

Listing description from the May 2023 sale, as reported to CRMLS.

Sale history

$1,750,000

Sold May 2023 · listed $1,895,000, on market March 2023 · MLS #DW23042675 · Source: CRMLS

Listing Agent: Christopher Comfort · Listing Office: Apex Properties · Contact: 818-917-6558 · Bought with: General NONMEMBER · NONMEMBER MRML

$870,000

Sold January 2016 · listed $925,000, orig. $1,399,000, on market June 2015 · MLS #OC15116924 · Source: CRMLS

Listing Agent: Fred Furey · Listing Office: Frederick F. Furey, Broker · Contact: 714-458-6340 · Bought with: Fred Furey · Frederick F. Furey, Broker

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