28100 Western AveLos Angeles, CA 90732

This exceptional 116,813 square foot retail center in Los Angeles, CA, is anchored by an Albertsons grocery store operating for over 22 years and a Rite Aid operating since 1979. Located at 28100 S Western Ave, 90732, this 9.85-acre property boasts a synergistic tenant mix including Pure Barre, Starbucks, Phoenix Salon Suites, Cold Stone Creamery, and Banfield Pet Hospital. Two street-front retail pad buildings totaling approximately 10,414 square feet are currently vacant, presenting a significant leasing opportunity. The property benefits from high daily traffic counts on S Western Ave and Westmont Dr, with easy access to Interstate 110 and State Route 47. Current rents average $1.54 per square foot per month, estimated to be over 11% below market rates, offering substantial upside potential. The property's strong performance is further enhanced by the addition of nearly 5,000 new residential units in the surrounding San Pedro area, including the new Ponte Vista community with 700 units. This presents a compelling value-add opportunity with projected NOI growth exceeding $1,116,000 (63%) over a 10-year hold, resulting in a 5.0% CAGR. The property's location within the highly sought-after coastal South Bay community of San Pedro makes this a rare and attractive investment. The property was built in 1979.