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Listed by Manny Nunez of CB Richard Ellis,Inc.
We are proud to present a 10-unit mixed use investment opportunity in East Los Angeles. The offering is an exceptional opportunity to purchase 2 retail and 8 apartment units in an affordable and growing submarket adjacent to Montebello and situated on an iconic Los Angeles area street only 15 minutes from Downtown Los Angeles. 5860 Whittier Blvd, is a value-add investment property positioned for growth in a growing submarket. The offering includes a mix of 4 x 1-bed/1-bath, 4 x studio/1-bath apartments, and two retail spaces. Built in 1929 during Los Angeles' most significant architectural period, the property is an 8,868 Sq. Ft. building on 5,100 lot. The property is separately metered for gas and electric with five of the units featuring an outdoor patio.The East Los Angeles submarket, borders Montebello, South San Gabriel, and enjoys ease of access within 5 minutes to all of Los Angeles' major highways including the 5,10,60, 101, and the 710. As these surrounding markets continue to gentrify and become redeveloped East Los Angeles will follow suit as the affordable option for city dwellers. 5860 Whittier is positioned for a buyer with a new business plan to continue to grow rents and add value. Property may be delivered with 2 vacancies. Also, please note, Type 3 unit are the first floor retail rents. Also available is a 20 car parking lot two parcels west from the subject property, separately available for $415k.

Property Details of 5860 Whittier Boulevard

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Based on information submitted to CRMLS as of April 14, 2024 5:50 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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