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22829615
22829616

2226 Whittier Blvd, Los Angeles, CA 90023

BL
CA CA 00913803
Major Properties
JJ
CA 02253639
Major Properties
JM
CA 01939062
Major Properties
Listed by Major Properties
$3,350,000
424 days on market
Updated 61 days ago

Prime Boyle Heights Mixed-Use Opportunity

Details
APN 5189-001-018
Property Type Multifamily, Retail
Sub Type Apartment Building, Storefront
Square Footage 17,004
Units 21
Cap Rate 7.01%
NOI $234,713
Occupancy 100%
Tenancy Multi
Year Built 1913
Buildings 1
Stories 3
Lot Size (SqFt) 9,605
Zoning LA C2
Parking Spaces 10 spaces
Parking Per SqFt 0.59

3 Retail + 18 Apartment Units | 6.31% CAP

Marketing description

17,004 SF building consisting of 3 street-level retail units and 18 residential units. Includes 10 onsite parking spaces. Gross annual income of $367,403 with a net operating income of $234,713. Stable cash flow with growth potential. The property offers stable cash flow with growth potential, benefiting from heavy pedestrian and vehicle traffic, strong retail visibility, and proximity to Downtown LA, the Arts District, and Little Tokyo.

Built in 1913 and zoned C2, the property sits on a 9,605 SF lot with 10 surface parking spaces. The location provides easy access to I-5, I-10, I-710, and SR-60, as well as nearby transit options, including Metro bus routes and the Soto Station (E Line/Gold Line). Surrounded by local businesses, restaurants, and cultural landmarks, this property presents an excellent opportunity for investors seeking diverse income streams and long-term appreciation potential.

Investment highlights

The 17,004 SF building consists of 3 street-level retail units and 18 residential units, generating a gross annual income of $367,403 with a net operating income of $234,713. The cap rate is 7%.

Listing Contacts

BL
CA CA 00913803
Major Properties
JJ
CA 02253639
Major Properties
JM
CA 01939062
Major Properties
Listed by Major Properties

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$234,713.00
$19,559.42/mo

Valuation Metrics

0
DSCR
7.01%
Cap Rate
7.01%
ROI

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Additional Information

Name
Bradley Luster
License
CA 00913803
Brokerage
major Properties
Brokerage Phone
213-276-2483
Title
Real Estate Broker
Name
Jeffrey Jankaew
License
02253639
Brokerage
Major Properties
Brokerage Phone
213.747.4151
Title
Sales Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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