4126 Whittier, Los Angeles CA 90023 | $1,150,000

TRUST SALE!!! "SOLD AS IS" with some TLC needed to make it your own. Great investment in the area of Los Angeles. Opportunity property of 4126 Whittier Blvd , a mixed - use retail /Office/ residential property located in the East Los Angeles, Built in 1957. This property is comprised of 4 separate structures, totaling 4,207 square feet, that sit on a 7,500 square foot lot zoned LCC3. The four structures include the following: 1,100 square foot retail space, a 962 square foot retail space, a 3bed/1bath house, and 2 detached garages. The residential unit is currently owner-occupied, however the entire property will be delivered vacant at the close of escrow. Opportunities for many different owner-user investors that might consider occupying one or both retail spaces, the residential unit, or combination of both. The significant rental demand in the area will also be attractive to investors who do not wish to occupy the area and instead will consider adding value through interior and exterior upgrades to the property. There example of pictures noted of what it can be as a retail/office and restaurant type. The garage in the rear contains a non-conforming studio and 1bed/1bath unit that could possibly be converted to one legal ADU (Buyer to investigate). The conversion of the garage to an ADU will significantly boost income for the property. Additionally the property is in a Historically Underutilized Business Zone (HUBZONE) and state Enterprise Zone, which can be very important and helpful to future tenants of the retail spaces. another advantage for potential developers is that the property is located within an Opportunity Zone and could provide the opportunity to offset significant capital gains taxes. Whittier Blvd is a major artery the runs through all East Los Angeles and into Montebello and the City of Whittier. Its streets are lined with local business, restaurants, new multifamily developments, and much more. This parcel sits inside the 5, 60 and 710 Freeway Triangle and allows ease if access to all neighboring cities.

More Details