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7701-7703 Painter Avenue
Whittier, CA 90602

Price: $850,000 Zoning: WHCO*
Bldg SF: 2,620 SF Price/SF: $327
Land SF: 7,814 SF Occupancy: 100%
Year Built:  1923 Property Type: Retail/SFR
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Address: 7701 Painter Avenue, Whittier, CA 90602
Bldg SF: 2,602 SF
Land SF: 7,814 SF
Year Built: 1923
Price/SF: $327
Occupancy:  100%
Property Type: Retail/SFR
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Investment Highlights

Excellent Whitter Location

 

  • Ideally located less than one mile from the Quad at Whittier, a major 432,596 square foot shopping center
  • Located approximately 3.5 miles from Whittwood Town Center, a 65 acre open-air shopping center

 

Ideal Location for a Mixed-Use Property

 

  • Proximate to a number of retail amenities including The Coffee Bean & Tea Leaf, Starbucks, Chase Bank, California Grill, Bank of America, Sage Restaurant & Lounge, and Little Caesars Pizza
    
  • Surrounded by various industries including healthcare, wellness, and entertainment

 

100% Leased Asset

 

  • The commercial unit is leased to a Coffee Shop through March of 2024, with two scheduled 10% increases, one each in years three and five of the lease which commenced in April of 2019
    
  • The single family residence is leased out on a month to month basis

 

Strong Demographics and Population Density

 

  • Over 30,300 people are located within one mile of the property, over 145,000 within three miles of the property, and 433,000 within five miles of the property
  • Over 10,400 households are located within one mile of the property, 43,000 within three miles of the property, and 124,000 within five miles of the property
  • Average household income is over $76,000 within one mile of the property, $94,400 within three miles of the property, and $95,300 within five miles of the property

 

Sub-Market Saturated with Retail Amenities

 

  • Close proximity to the Quad at Whittier and Whittwood Town Center
    
  • Local retailers include: Burlington, Ross Dress for Less, Target, Kohl’s, JC Penney, PetSmart, Michaels, and Petco
    
  • Local restaurants include: Panera Bread, The Coffee Bean & Tea Leaf, Starbucks, California Grill, Sage Restaurant & Lounge, Taco Bell, and Little Caesars Pizza