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Koreatown Retail Hub Opportunity
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450 South Western Avenue, Los Angeles, CA 90020

Thriving three-level retail space in the heart of Koreatown.

Space SizeContact for details
Days on Market273

Property Features for 450 South Western Avenue

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE - Downtown Los Angeles
Listed By: Derrick Moore · License #1029938
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 11 Last Checked: Aug 21 at 8:21AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Downtown Los Angeles

Investment Insights

Based on property information with market context.

Located at 450 Western Ave, this retail space is situated in a thriving three-level retail hub in Koreatown. The property benefits from a dynamic location and ample parking. Koreatown is a vibrant and energetic neighborhood in Los Angeles, known as a cultural melting pot. It is a bustling commercial hub that offers unparalleled accessibility and a passionate community, making it an ideal destination for businesses. The property is located alongside the California Marketplace. The property size is 18313 square feet.

Key Highlights

  • Located in the heart of Koreatown, a vibrant and high‑traffic commercial hub.
  • Located within a three‑level retail hub alongside the California Marketplace.
  • Ample parking available.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Veterinary Clinic Tanning Salon Carpet & Flooring Store (Bike/Boat/Book/etc) Store Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

6,792
Businesses Nearby

Demographics for 90020, CA

38,694
Population
19,119
Households
2
Avg Household Size
37
Median Age
46%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
35,176
Density / Sq Mi
$55,832
Median Household Income
$37,718
Median Earnings
$1,734
Median Rent
$826,500
Median Home Value

Market

Lease Benchmarks for Los Angeles, CA

$34.76 /SF/Yr
Avg Asking Price
$5.45–$95.4 /SF/Yr
Price Range
7,673 SF
Avg Space Size

Vacancy Rate% for Retail in Los Angeles, CA

5.7% 2019
6.1% 2020
6% 2021
5.7% 2022
5.6% 2023
6% 2024
6.2% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Thriving three-level retail space in the heart of Koreatown.
Where is this retail space located?
The property is located at 450 South Western Avenue Los Angeles, CA.
What are key features of this property?
This property features: Located in the heart of Koreatown, a vibrant and high‑traffic commercial hub.; Located within a three‑level retail hub alongside the California Marketplace.; Ample parking available.
More about this property
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