7701-7703 Painter Avenue, Whittier, CA 90602

SOUTHERN CALIFORNIA'S PREMIER SALES TEAM A 2,602 SQUARE FOOT MIXED USE PROPERTY COMPRISED OF 7701-7703 ONE COMMERCIAL SPACE AND ONE SINGLE FAMILY RESIDENCE 7701-7703 Painter Avenue,Pain Whittier, CA te90602r LOCATED ON 7,814 SQUARE FEET OF LAND IN WHITTIER, CA INVESTMENT ADVISORS BRANDON MICHAELS TEAM MEMBERS Senior Managing Director of Investments Sean Brandt Senior Director, National Retail Group Vaughn Brown Tel: (818) 212-2794 Ben Brownstein Fax: (818) 212-2710 Nicole Cottrell [email protected] Andrew Leff License: CA #01434685 Steven Schechter www.BrandonMichaelsGroup.com Austin Sreden CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved. NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee iden- tified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. SPECIAL COVID-19 NOTICE All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.) SOUTHERN CALIFORNIA'S PREMIER SALES TEAM 1 2 3 4 PROPERTY OVERVIEW FINANCIAL ANALYSIS COMPARABLES ANALYSIS AREA OVERVIEW 7701-7703 PAINTER AVENUE IS IDEALLY LOCATED ON THE 7701-7703 NORTHEAST CORNER OF PAINTER AVENUE AND WALNUT STREET, IN 7701-7703 Painter Avenue,Painter Whittier, CA 90602 THE DENSE LOS ANGELES COUNTY SUB-MARKET OF WHITTIER, CA The Brandon Michaels Group of Marcus & Millichap has been selected than one mile from the Quad at Whittier, an over 400,000 square foot retail center. to exclusively represent for sale 7701-7703 Painter Avenue, a mixed-use property comprised of one ±1,250 square foot commercial space, and one ±1,352 single 7701-7703 Painter Avenue is ideally located in Whittier, a dense Los Angeles family residence located on 7,814 square feet of land. The property is located on County sub-market. There are over 30,000 people located within one mile of the the Northwest corner of Painter Avenue and Walnut Street, south of Mar Vista property, 145,000 within three miles, and over 433,000 within five miles of the Street. property. The average household income within one mile of the property is over $76,000, over $94,000 within three miles of the property, and over $95,000 within 7701-7703 Painter Avenue is 100% leased, and features ±9 surface parking spaces five miles of the property. in a surface lot behind the building, as well as 2 garage spaces directly behind 7703 Painter Avenue (the single family residence). The commercial space is The property features ease of access due to its corner location, and is located leased to a coffee shop through March of 2024, and the single family residence proximate to a number of retail amenities such as Taco Bell, KFC, Jack in the Box, is on a month-to-month basis. The coffee shop has two scheduled 10% rental Chili’s Grill & Bar, Ross Dress for Less, Dollar Tree, and Burlington. The property increases, one each in years three and five of the lease which commenced in is located less than one mile from the Quad at Whittier, a 432,596 square foot April of 2019. The coffee shop lease includes the two garage spaces behind the shopping mall located south of the subject property on the corner of Whittier building. Boulevard and Painter Avenue. Major tenants of the center include Burlington, TJ Maxx, Ross Dress for Less, Vallarta Supermarket, Rite-Aid, Michaels, and Petco. The property is walking distance from the Whittier Community Center and Community Theater, and is proximate to a number of retail amenities including 7701-7703 Painter Avenue is located approximately 3.5 miles from Whittwood The Coffee Bean & Tea Leaf, Starbucks, Chase Bank, California Grill, Bank of Town Center, a 65 acre open-air shopping center in Whittier, located on the America, Sage Restaurant & Lounge, and Little Caesars Pizza. southwest corner of Whittier Boulevard and Santa Gertrude Avenue. The center is 841,936 square feet, and features several major tenants such as Target, Kohl’s, The property is located approximately three and a half miles from Whittwood JC Penney, PetSmart, CVS Pharmacy, Vons, 24 Hour Fitness, and Panera Bread. Town Center, a 65-acre open-air shopping center in Whittier, and is located less 4 5 INVESTMENT HIGHLIGHTS EXCELLENT WHITTIER 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 6 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 7 8 PROPERTY HIGHLIGHTS 7701-7703 Painter Ave ADDRESS Whittier, CA 90602 PRICE $850,000 BUILDING SF 2,602 SF LAND SF (ACRES) 7,814 SF PRICE/SF (BUILDING) $327 PRICE/SF (LAND) $109 CAP RATE 2.71% YEAR BUILT 1923 BUILDING/LOT RATIO 0.33 APN NUMBER 8142-036-023 ZONING WHCO*

Load more