7701 painter avenue
WHITTIER, CA 90602
PRICE
$995,000
BUILDING SIZE
2,602 SF
LOT SIZE
7,814 SF
CAP RATE
PRICE/SF (BLDG)
PRICE/SF
(LAND)
4.97%
$362
$127
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 7701 Painter Avenue, a 2,602 square foot mixed-use retail storefront/single family residence situated on 0.18 acres of land (7,814 SF) ideally located at the corner of Painter Avenue and Walnut Street in the Los Angeles County submarket of Whittier, CA.
7701 Painter Avenue is 100% occupied. The property’s 1,050 square foot commercial unit is occupied by Sala, a local coffee shop and wine bar, paying $4,000.00 per month ($3.81/SF) NNN on a lease expiring 2/28/2025 with one (1) outstanding one (1)-year option to extend.
The neighborhood serving subject property is positioned among a sea of residential homes and apartments. The property enjoys excellent visibility with approximately 62 and 140 feet of frontage along Painter Avenue and Walnut Street, respectively.
The tenant’s short-term lease provides a new user the ability to occupy the unit following lease expiration while receiving income from the adjacent single-family home. The 1,552 square foot, two bed, one bath residential unit is currently occupied by a long-time tenant paying a below market rent of $1,200.00/month or $0.77/SF.