2157-2165 W Century Blvd - Storefront FOR SALE


Los Angeles, CA 90047- South Central LA
$2,750,000 USD
310-750-4869
2157-2165 W Century Blvd, Los Angeles, CA for Sale
$2,750,000 USD
Storefront - FOR SALE
1/12
null | 6.53% Cap Rate

2157-2165 W Century Blvd
Los Angeles, CA 90047
South Central LA


HIGHLIGHTS

  • Century Plaza is a 100% occupied, cash flowing neighborhood retail center, home to a diverse tenant mix.
  • Ideally located at the busy, signalized intersection of W Century Blvd and S Van Ness Ave, a corner near Hollywood Park and the SoFi Stadium.
  • A stabilized investment opportunity of a well-maintained multi-tenant strip with prominent pylon signage and high visibility.
  • A portfolio of internet-resistant tenants ranging from food and service to personal accommodations and spas.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$472 USD /SF

CAP RATE

6.53%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Century Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

C2, Los Angeles

APN/PARCEL ID

6057-020-031

ASK ABOUT THIS PROPERTY

Albert BlanckHildreth Real Estate AdvisorsMore Info
310-750-4869

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Albert BlanckHildreth Real Estate AdvisorsMore Info
310-750-4869

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.