1241 Avalon BlvdLos Angeles, CA 90744

Property Details for 1241 Avalon Blvd

Year built

1946

Property size (Sq ft)

2,100 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This vacant 2,100 square foot shopping center in Wilmington, CA, presents a compelling investment opportunity. Located on a 5,798 square foot lot, the property offers significant potential for owner-users or investors seeking a redevelopment project. Built in 1946, the property is zoned LAC2 and boasts a 5.29% cap rate at an asking price of $925,000 ($440.48/sq ft). Its strategic location near three major airports – Long Beach-Daugherty Field (15-minute drive), Los Angeles International Airport (25-minute drive), and John Wayne Airport (38-minute drive) – provides exceptional access to a large customer base. The property's size and location within a thriving local economy make it ideal for a variety of retail uses. The existing building offers a second-generation kitchen, suitable for a restaurant or food-related business. This presents a unique chance to capitalize on the high demand for commercial space in Wilmington, which includes opportunities in industrial, residential, and commercial sectors. The vacant status allows for complete customization to suit a specific business plan. This property is an excellent choice for those seeking a strong return on investment in a dynamic and accessible location.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

33.788

Longitude

-118.263

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