Century Plaza, located at 2157 W Century Boulevard, is a premier retail strip center offering a compelling investment opportunity.
The property is 100% leased, with all new leases executed in 2024, demonstrating strong tenant demand and operational stability. Featuring a diverse and vibrant tenant mix that includes a juice shop, a trendy clothing and sneaker store, Trini Style & Catering with authentic Caribbean cuisine, a relaxing spa, and a popular donut shop. Century Plaza is a well-rounded and attractive retail destination. With all tenants operating under Triple Net (NNN) leases and annual rent increases of 3-4%, the property ensures steady cash flow with significant rental upside as current rates of $2.50 NNN align with or exceed market trends.
The property is supported by the strong demographics of the 90047-zip code, which provides a robust customer base for these retail services. This area features a high population density and a well-established mix of residential and commercial activity, creating consistent demand for retail offerings.
2024 recent capital improvements include paving, painting, upgraded lighting, a new monument sign, and security gates, all of which have enhanced the property’s appeal and functionality. Situated at the hard corner of Century Boulevard and Van Ness Avenue, the center benefits from outstanding visibility, with over 50,000 cars passing daily. Its prime location near significant developments like Sofi Stadium and Hollywood Park Casino and its proximity to dense residential neighborhoods and commercial centers ensures strong daytime and evening traffic.
Century Plaza is a stabilized, high-performing asset with strong fundamentals and the potential for continued growth in a dynamic market.