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2635 Whittier Blvd, Los Angeles, CA 90023
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2635 Whittier Blvd Los Angeles, CA 90023

$1,989,000
  • 4 Beds
  • 2 Baths
  • 6,746 Sq.Ft.
For Sale
$1,989,000 Get Pre-Qualified
Map preview of 2635 Whittier Blvd, Los Angeles, CA 90023

Property Overview: 2635 Whittier Blvd Los Angeles, CA has 4 bedrooms, 2 bathrooms, 6,746 living square feet and 9,602 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by TANADOL AUEYONG | BRE #02121308 | IRN REALTY
Last checked: 46 seconds ago | Last updated: April 27th, 2024 | Source CRMLS | DOM: 11
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Home details

Lot Sq. Ft
9,602
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Retail
Status
Active
MLS#
WS24083010
City
Los Angeles
County
Los Angeles
Time on Site
13 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: --
  • # of Leased Units: 6
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Actual Rent: $2,750
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Actual Rent: $2,000
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Actual Rent: $2,500
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Actual Rent: $2,200
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $761
  • Total Rent: --
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,850
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.03%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $144,733
  • Net Operating Income: $100,127
  • Gross Operating Income: --
  • Vacancy Allowance: $4,342
  • Laundry Income: $0
  • Other Income 1: $0
Annual Expense Breakdown
  • Total Operating Expense: $40,264
  • Insurance: $8,569
  • Professional Management: $8,423
  • Water/Sewer: $4,200

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Property Details for 2635 Whittier Blvd

Interior Features
Laundry Information
  • Inside
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 6
  • Parcel Number: 5185032028
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • 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.
View more facts & features

Local Los Angeles Agent

Sale History for 2635 Whittier Blvd

Last sold on January 31st, 2013

  • April, 2024

  • Apr 25, 2024

    Date

    Active

    CRMLS: WS24083010

    $1,989,000

    Price

  • November, 2017

  • Nov 28, 2017

    Date

    Canceled

    CRMLS: OC17177822

    $1,250,000

    Price

  • Aug 2, 2017

    Date

    Active

    CRMLS: OC17177822

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity for owner Mixed Use building. The building has 4 Commercial units and 2 Residential units in the back. The Commercial units are 5028 Sqft. in total. They are currently occupied by one Bar, one Restaurant, one Taekwondo and the Dog Grooming store. On the Residential units in the back consist of Two 2 beds/1 bath apartment units with 2149 Sqft. in total, one unit was renovated and one unit was rebuilt with permitted. This is an amazing property with 100% occupancy rate, 7.16 CAP rate. Low operating Expense landlord only pay Property Taxes, water and Insurance. The Property to be sold "As Is".

  • July, 2017

  • Jul 18, 2017

    Date

    Expired

    CRMLS: OC17032644

    $1,295,000

    Price

  • May 12, 2017

    Date

    Active

    CRMLS: OC17032644

    $1,295,000

    Price

  • May 3, 2017

    Date

    Active Under Contract

    CRMLS: OC17032644

    $1,295,000

    Price

  • Mar 9, 2017

    Date

    Price Change

    CRMLS: OC17032644

    $1,295,000

    Price

  • Feb 21, 2017

    Date

    Active

    CRMLS: OC17032644

    $1,390,000

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity for owner Mixed Use building. The building has 4 Commercial units and 2 Residential units in the back. The Commercial units are 5028 Sqft. in total. They are currently occupied by one Bar, one Restaurant, one Taekwondo and the Dog Grooming store. On the Residential units in the back consist of Two 2 beds/1 bath apartment units with 2149 Sqft. in total, one unit was renovated and one unit was rebuilt with permitted. This is an amazing property with 100% occupancy rate, 7.16 CAP rate. Low operating Expense landlord only pay Property Taxes, water and Insurance. Hurry hugh price reduction!!! The Property to be sold "As Is".

  • January, 2013

  • Jan 31, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2012

  • Aug 15, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 2635 Whittier Blvd

Assessed Value (2020): $1,425,391
Year Land Value Improved Value Assessed Value
2020 $882,043 $543,348 $1,425,391

Home Value Compared to the Market

This property vs the competition

2635 Whittier Blvd is listed 61.05% higher than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $294.84 per/sqft which puts the price per square foot 61.91% lower than the median price per square foot for the city of Los Angeles.

About 2635 Whittier Blvd

Detailed summary of property

2635 Whittier Blvd is a retail located in Los Angeles, CA 90023 and is currently for sale. This retail property offers 4 bedrooms, 2 bathrooms, roughly 6,746 living square feet, and sits on an approximately 9,602 square foot lot. 2635 Whittier Blvd was first listed on ArdentRealEstateGroup.com on April 25, 2024. The homeowner is currently asking $1,989,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 61.05% higher than the median priced home. Local competing homes currently for sale include 12122 Brookhurst, 13345 Euclid St and 1470 W Holt Ave. While the average home in Los Angeles, CA is selling in 94 days, 2635 Whittier Blvd has a days on market of 11 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 2635 Whittier Blvd Los Angeles, CA 90023 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2635 Whittier Blvd

Public county record property details
Beds
3
Baths
2
Year built
1947
Sq. Ft.
6,746
Lot Size
9,599
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
2-3,5-7
APN
5185-032-028

The source for these homes facts are from public records.

90023 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,999
Median List Price/Sq.Ft.
$679
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$448
Total Inventory
20
Median Sale to List Price %
99.25%
Avg Days on Market
6
Loan Type
Conventional (0%), FHA (60%), VA (0%), Cash (20%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.

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