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(4) Unit Mixed-Use Investment/Owner-User 6512-6514 Bright Ave

4,805 SF 100% Leased Retail Building Whittier, CA 90601 $2,399,000 ($499/SF) 4.28% Cap Rate

Investment Highlights

  • 100% Remodeled
  • Live/Work/Rent
  • Income Generating Property
  • Investor/Owner-User Opportunity
  • Street and Public Parking
  • New Roof & Electrical Panel

Executive Summary

“Whittier Springs” - A beautifully remodeled four (4) unit, mixed-use property. This is an amazing opportunity to live, work, and invest in the desirable Uptown Whittier.
Whittier Springs is located in vibrant Uptown Whittier, a historic and charming area of Whittier located in Los Angeles County. Known for its charming tree-lined streets, diverse dining options and boutique shopping, Uptown Whittier offers a unique blend of old-world charm and modern amenities. The City’s business friendly policies and strategic location - close to major freeways and within the Los Angeles Metropolitan area - make Uptown Whittier an attractive investment. This ±4,805 square foot, mixed-use property is a move-in ready opportunity for an owner-user or investor. Property has (2) buildings and (4) units offering the possibility for residential AND office/retail income.
BUILDING 1
First floor - +/- 1,897 SF. (2) units that were combined to a single space. New owner can demise space back to its’ original two units - “A” and “B”. An elegantly designed med spa with a well thought out design AND attention to detail. (7) themed rooms, dressing area, (2) private restrooms, laundry, and refreshment bar. New flooring, paint, recessed lighting, central air, and merchandise shelves with lighting. This commercial space can be used as med spa, office, or retail.
Second floor - +/- 1,599 sf. a 3 bed/2 bath unit with spacious entrance AND beautiful design. Space is completely remodeled with new flooring, cabinets, quartz countertops, stainless steel appliances, and stylish finishes. Large laundry room, private balcony outlooking bright avenue, and side patio. Currently operating as a short-term rental. Owner can continue with operation or residential income/dwelling.
BUILDING 2
First floor - Storage area. Can be used as a kitchen to complement the med spa or future business operation. Unit has a remodeled full restroom and window line facing courtyard.
Second floor - +/- 1,017 sf. A 2 bed/2 bath unit also recently remodeled with new flooring, cabinets, quartz countertops, and stainless steel appliances. Unit has (2) full restrooms, well-sized bedrooms, large private patio, and laundry connections. Range & Laundry are electric. Lease in place until October 2025 with no option to renew. income: $1,500/month.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,805 SF
Building Class
C
Year Built/Renovated
1962/2024
Price
$2,399,000
Price Per SF
$499
Cap Rate
4.28%
NOI
$102,709
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
4 Exterior
Building FAR
0.85
Land Acres
0.13 AC
Zoning
WHC2UD* - U-G (Uptown General)
Parking
3 Spaces (0.62 Spaces per 1,000 SF Leased)
Frontage
63 FT on Bright Ave

Amenities

  • Courtyard
  • Fenced Lot
  • Tenant Controlled HVAC
  • Accent Lighting
  • Recessed Lighting
  • Air Conditioning
  • Balcony
Walk Score ®
Walker's Paradise (96)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
Jpmorgan Chase & And Co
The Coffee Bean & Tea Leaf
Denny's
Ralphs
Eos Fitness
CAVA
Credit Union of Southern California
California Fish Grill
Stater Bros. Markets

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8139-003-022
Land Assessment
$854,760
Improvements Assessment
$216,240
Total Assessment
$1,071,000
  • Listing ID: 33114372

  • Date on Market: 9/9/2024

  • Last Updated:

  • Address: 6512-6514 Bright Ave, Whittier, CA 90601

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