For Sale
$3,299,000

10714 Western AveLos Angeles, CA 90047

Los Angeles Strip Mall, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 10,340 square foot retail strip center in Los Angeles, CA, presents a compelling value-add investment opportunity. Located at 10714 S Western Ave, 90047, this single-story, 7-unit property boasts a strong tenant roster, including a Little Caesars (corporate guarantee), ensuring stable income. Built in 2008, the property sits on a sizable .79-acre lot (34,727 sq ft) with ample on-site parking (47 spaces, 4.5/1000 sq ft ratio), exceeding zoning requirements. The property benefits from a prime corner location on Western Avenue, a major thoroughfare with high visibility and excellent freeway access (near the 105 and 110 freeways). Its location within a densely populated residential area ensures consistent foot traffic and strong demand. The asking price is $3,299,000, representing a compelling 6.92% cap rate. The property is zoned LCC3* (buyer to verify). This multi-tenant retail center offers immediate and long-term upside potential, making it an attractive addition to any portfolio. The property features a mix of national, regional, and local tenants, providing diversification and resilience. Its proximity to major entertainment venues like SoFi Stadium, Hollywood Park, KIA Forum, and Intuit Dome further enhances its appeal and potential for future growth.

Highlights

  • Large retail center with strong, established tenant roster.
  • High-visibility corner lot with traffic signal.
  • Diverse tenant mix including national, regional, and local businesses.
  • Excellent location in densely populated area with high visibility on Western Ave.
  • Low-management, passive investment opportunity.
  • Strong tenant base with long-term leases and high occupancy.

Property Details for 10714 Western Ave

Property type
Lifestyle centers, Power centers
Square Feet
10,340 SF
Year Built
2008
Buildings
1
Stories
1
Units
7

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
33.9386672
Longitude
-118.3085231
10714 Western Ave, Los Angeles, California

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10714 Western Ave
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