450 Western Ave Los Angeles, CA 90020

This distressed, fee-simple shopping center in Los Angeles' Koreatown offers a compelling value-add opportunity. The 83,427 square foot property, built in 2016, boasts an 80.8% occupancy rate and is anchored by a grocery store operating since the center's inception. Located at a high-traffic intersection on Western Avenue and 5th Street, the center benefits from a dense population base of over 612,000 residents and 278,000 employees within a three-mile radius. Further enhancing its appeal, over 6,500 residential units are slated for delivery within the next two years. The three-level center features a diverse mix of retail, banking, specialty, and restaurant tenants, along with ample parking (400 spaces) in a five-story structure—a rarity in the area. The property includes multiple elevators and escalator systems for convenient access. This infill location presents a unique and irreplaceable asset with significant upside potential. Sale is subject to Bankruptcy Court approval, and prospective bidders must adhere to Court-approved Bidding Procedures. The 1.67-acre lot offers a strong foundation for future growth and development. This is a multi-tenant property with a strong existing tenant base and a proven track record. The high-quality construction and prime location make this a truly exceptional investment opportunity.