Active
2635 Whittier Boulevard
Los Angeles CA, 90023
$1,989,000
$294.84 per sqft
Active
6,746 sqft
Commercial
Listed by TANADOL AUEYONG with IRN REALTY 626-447-5100
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 1/2 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.
WS24083010
MLSⓇ ID
April 25, 2024
Listed
April 27, 2024
Updated
Map
2635 Whittier Boulevard
Los Angeles CA, 90023
Interior Features
Total Stories
2
Laundry Description
Inside
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.22 Acres
Lot Features
0-1 Unit/Acre
Other Property Details
Area Name
BOYH - Boyle Heights
Days on Market
2
Garage
No
Parking Total
6
View
No
County
Los Angeles
Water Source
Public
Pool
No
Zoning
C2
Buyer Agency Compensation
2%
Listing Contact: 626-447-5100
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/27/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 4/27/2024 at 10:09 PM UTC