1000 Western AveLos Angeles, CA 90732

Property Details for 1000 Western Ave

Year built

1938

Construction

TILT-UP CONCRETE

Lot size

0.46 AC

Property size (Sq ft)

12,108 SF

Zone code

LAC4

Property type

Grocery and convenience stores

APN

5536-022-014

APU

5536022014

Description

This exceptional 1,482 square-foot retail space is available for lease within Tarragona Plaza, a thriving grocery-anchored shopping center situated on Western Avenue in Los Angeles County. Western Avenue boasts a high average annual daily traffic count of 37,500 vehicles, ensuring significant visibility and accessibility for your business. The center enjoys a prime location within a bustling retail corridor, guaranteeing excellent exposure to a large customer base. Tarragona Plaza is anchored by a Ralphs supermarket, attracting substantial foot traffic and providing a strong draw for complementary businesses. The center also features a diverse mix of popular tenants, including In-N-Out Burger, Sally Beauty, Panda Express, and Yogurtland, creating a vibrant and attractive shopping environment. This location ideally serves the daily needs of the surrounding communities of Rancho Palos Verdes and Harbor City. The strong demographics of the area further enhance the investment potential, with a population of 137,103 within a close proximity, an average household income of $145,655, and a daytime population of 32,010 employees within a 3-mile radius. This presents a unique opportunity to establish your business in a high-demand, well-established retail center with proven success. The single-tenant space offers flexibility and control, making it an ideal location for a variety of retail concepts.

• CAP approach

  CAP return

  Valuation

  6%

  $5,249,872

  6.5%

  $4,846,036

  7%

  $4,499,890

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,802,192

  Geo Method

  $5,802,192

• Alternative Use

  Use

  Valuation

  Residential

  $4,087,813

  Hospitality

  $3,744,414

  Educational

  $3,115,309

  Medical

  $3,222,449

  Retail

  $4,846,036

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0887

Longitude

-118.309

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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