CLOSED ESCROW

MIXED-USE OFFERING

1912 WEST WHITTIER BOULEVARD

MONTEBELLO, CA 90640

PRICE:

PRICE/SF:

CAP RATE CURRENT/ PRO FORMA:

BUILDING SF:

YEAR BUILT:

$975,000

$232.50

 

 

5.32%/6.35%

4,301

1950

DEAL HIGHLIGHTS​

  • Multiple Offers

  • All Cash 10 Day Due Diligence Period

  • Sold at 97.5% of List Price

  • Non Rent Control Property

 

ASSET HIGHLIGHTS

  • Mixed-Use / Retail Storefront / Residential

  • Non-Rent Control

  • Easy Access To 5 and 710 Freeways

  • Dense Population and High Traffic Counts

  • Excellent Visibility

  • High Cash Flow

THE ASSET

The Hirth Group is pleased to present 1912 West Whittier Boulevard in Montebello, California.  This mixed-use asset is comprised of two storefront retail units, one one-bedroom/one-bath apartment, and nine single apartments.  The offering is comprised of 4,301-square feet of building on 5,746-square feet of land. 

 

Located west of Montebello Boulevard and east of Wilcox Avenue, this burgeoning neighborhood’s infrastructure has seen an unprecedented resurgence within the last few years.  The property presents easy access to the 5 and 710 Freeways.  In addition, the property benefits from excellent visibility, great cash-flow, and is positioned in a densely populated submarket.  The recent surge in development on the West Whittier corridor has proven a dynamic demographic, dramatically increasing retail appeal and confidence in neighborhood welfare.

 

Daily traffic counts along the historic West Whittier Boulevard are approximately 30,000 vehicles per day.  The population within five miles is a dense 698,665.

GET IN TOUCH:

NEVER MISS A LISTING:

Tel: 310-300-2838

daniel@hirthgroup.com

2701 Ocean Park Blvd #140

Santa Monica, CA 90405

© 2017 by THE HIRTH GROUP

KW Commercial CAL DRE 01499010