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5860 Whittier Blvd, Los Angeles, CA 90022
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5860 Whittier Blvd Los Angeles, CA 90022

$1,895,000
  • 6 Beds
  • 10 Baths
  • 8,868 Sq.Ft.
For Sale
$1,895,000 Get Pre-Qualified
Map preview of 5860 Whittier Blvd, Los Angeles, CA 90022

Property Overview: 5860 Whittier Blvd Los Angeles, CA has 6 bedrooms, 10 bathrooms, 8,868 living square feet and 5,107 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: 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.

Listed by Manny Nunez | BRE #01990970 | CB Richard Ellis, Inc.
Last checked: 8 minutes ago | Last updated: January 29th, 2024 | Source CRMLS | DOM: 125
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Home details

Lot Sq. Ft
5,107
HOA Dues
$0/mo
Year built
1929
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23337761
City
Los Angeles
County
Los Angeles
Time on Site
143 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,256
  • Total Rent: $5,025
  • Pro Forma/Market Rent: $6,600
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $6,000
  • Pro Forma/Market Rent: $6,600
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,190
  • Total Rent: $4,760
  • Pro Forma/Market Rent: $6,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.76%
  • Gross Rent Multiplier: 10.29
  • Gross Scheduled Income: --
  • Net Operating Income: $131,795
  • Gross Operating Income: $183,927
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 5860 Whittier Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 10
  • Parcel Number: 6339003009
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of the 60 freeway, West of The 605, North of the 5, and East of the 710 on Whittier Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 5860 Whittier Blvd

Last sold for $185,000 on December 31st, 1996

  • December, 2023

  • Dec 6, 2023

    Date

    Active

    CRMLS: 23337761

    $1,949,000

    Price

  • December, 1996

  • Dec 31, 1996

    Date

    Sold (Public Records)

    Public Records

    $185,000

    Price

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Tax History for 5860 Whittier Blvd

Assessed Value (2020): $473,631
Year Land Value Improved Value Assessed Value
2020 $100,334 $373,297 $473,631

Home Value Compared to the Market

This property vs the competition

5860 Whittier Blvd is listed 53.32% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $213.69 per/sqft which puts the price per square foot 72.36% lower than the median price per square foot for the city of Los Angeles.

About 5860 Whittier Blvd

Detailed summary of property

5860 Whittier Blvd is a multi family located in Los Angeles, CA 90022 and is currently for sale. This multi family property offers 6 bedrooms, 10 bathrooms, roughly 8,868 living square feet, and sits on an approximately 5,107 square foot lot. 5860 Whittier Blvd was first listed on ArdentRealEstateGroup.com on December 6, 2023. The homeowner is currently asking $1,895,000 and was originally asking $1,949,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 53.32% higher than the median priced home. Local competing homes currently for sale include 1927 Johnston St, 3020 Baldwin St and 1818 N Broadway. While the average home in Los Angeles, CA is selling in 96 days, 5860 Whittier Blvd has a days on market of 125 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 5860 Whittier Blvd Los Angeles, CA 90022 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5860 Whittier Blvd

Public county record property details
Beds
--
Baths
--
Year built
1929
Sq. Ft.
8,868
Lot Size
5,106
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
107
APN
6339-003-009

The source for these homes facts are from public records.

90022 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$659,800
Median List Price/Sq.Ft.
$634
Median Sold Price
$685,000
Median Sold Price/Sq.Ft.
$752
Total Inventory
18
Median Sale to List Price %
100.74%
Avg Days on Market
35
Loan Type
Conventional (55.56%), FHA (22.22%), VA (0%), Cash (11.11%), Other (11.11%)

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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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