12302 Wardman Street, Whittier, CA 90602-1115 For Sale

The City of Whittier has already rezoned this 43,000-square-foot parcel to R-3 Medium Multiple-Family Residential. The existing industrial use is a grandfathered, non-conforming condition — not a barrier. A developer can move directly to design, entitlement, and permitting, while existing tenants cover the majority of carrying costs during the process.

The triangular configuration creates a distinctive, multi-sided building envelope with strong visual presence from the Greenway Trail. The site is level and fully serviced, minimizing site preparation costs. The existing 7,820 SF of improvements have minimal contributory value and are expected to be demolished as part of any redevelopment.

At the appraised value of $3,835,000, the land basis per buildable unit ranges from $79,895 (under a 100% density bonus scenario) to $159,791 (base density). This favorable entry point, combined with the in-place income offsetting carrying costs, provides a strong foundation for achieving target development yields.