7320 Firestone BlvdDowney, CA 90241

Property Details for 7320 Firestone Blvd

Year built

1986

Property size (Sq ft)

135,000 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

West Downey Plaza, a 135,000 square foot shopping center in Downey, CA, presents a compelling investment opportunity. This multi-tenant property, built in 1986, features three buildings on a ±130,000 square foot lot and boasts 35 tenants across 48,440 net rentable square feet, currently operating at 74.4% occupancy. The asking price is $15,274,000, translating to $315 per square foot. The property includes 195 parking spaces and is strategically located on Firestone Blvd, a high-traffic thoroughfare with over 40,600 vehicles passing daily, ensuring excellent visibility and accessibility. The strong demographic profile, with over 272,183 residents within a 3-mile radius, supports consistent customer traffic. Significant value-add potential exists through lease conversions, as approximately 22 leases are below market rates, and roughly 40% of tenants are on month-to-month agreements, offering immediate flexibility for lease restructuring. Further income growth can be achieved by redeveloping or leasing available outparcels. The property's APN is 6231-002-006. This is an exceptional opportunity to acquire a well-located retail center with substantial upside potential in a thriving Los Angeles County market.

Location Insight

City

Downey

County

Los Angeles

State

California

Latitude

33.9465

Longitude

-118.151

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