For Sale
$8,500,000

1660 Adams BlvdLos Angeles, CA 90007

High-traffic LA shopping center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional retail investment opportunity in Los Angeles presents a fully leased, 18,284 square foot shopping center situated on a substantial 46,817 square foot lot. The property boasts approximately 169 feet of prime frontage along West Adams Boulevard, spanning nearly an entire city block and offering four convenient points of ingress and egress. Its prime location, just 1.5 miles from the University of Southern California, ensures unparalleled visibility and accessibility. The center is currently 100% occupied, generating diverse income streams from multiple tenants, and presents significant value-add leasing potential. The property is zoned C2 & RD2 - C2-1VL-O-HPOZ-CPIO & RD2-1-O-HPOZ, and benefits from its location within a State Enterprise Zone and Tier 1 TOC. This multi-tenant retail center is offered at $8,500,000, with a 3.20% cap rate. The property's strategic location and strong tenant occupancy make it an attractive investment prospect with considerable potential for appreciation and future growth within a dynamic Los Angeles neighborhood. The property consists of three parcels.

Highlights

  • Fully leased, 18,284 SF shopping center on a 46,817 SF lot in Los Angeles.
  • 169 feet of frontage on West Adams Boulevard, with four points of ingress/egress.
  • 100% occupancy with diverse income streams and value-add potential.
  • Located 1.5 miles from USC, zoned C2 & RD2, in a State Enterprise Zone and Tier 1 TOC.
  • Offered at $8,500,000 with a 3.20% cap rate.
  • Consists of three parcels.

Property Details for 1660 Adams Blvd

Property type
Lifestyle centers, Power centers
Square Feet
18,284 SF

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0325325
Longitude
-118.2994122
1660 Adams Blvd, Los Angeles, California

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1660 Adams Blvd
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