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.

Details

MLS#: WS24083010
Price: $1,668,000

Sq Ft: 6746.00

County: Los Angeles