Open-Air Shopping
For Sale
Contact for pricing
Pending
450 S Western Ave, Los Angeles, CA 90020
Three-level retail center with a grocery anchor and triple net tenancy.
Property SizeContact for details
Days on Market142
Property Features for 450 S Western Ave
General Information
Standard status
Pending
Property subtype
Retail
Occupancy
100%
Building Details
Year Built
2017
Stories
3
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Encino
(818) 212-2808
Listed By:
Filip Niculete · License #CA 01905352
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 6:04PM
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 Marcus & Millichap - Encino
Investment Insights
Based on property information with market context.
California Marketplace is a three-story, open-air shopping center completed in 2017 at 450 S Western Ave in Los Angeles’ Koreatown area. The property is fully leased under triple net arrangements, with tenants responsible for property expenses. Its retail configuration includes a grocery anchor on the first level and open-air circulation across the center.
The grocery tenant occupies 35,611 square feet and holds a 15-year lease now entering its fourth year in 2024. The lease provides annual rent increases of 2.5%, along with annual CPI-based increases for CAM. The center’s three-level design and grocery component support a substantial neighborhood retail format within Koreatown.
The grocery tenant occupies 35,611 square feet and holds a 15-year lease now entering its fourth year in 2024. The lease provides annual rent increases of 2.5%, along with annual CPI-based increases for CAM. The center’s three-level design and grocery component support a substantial neighborhood retail format within Koreatown.
Key Highlights
- Fully leased shopping center with triple net lease structure
- Three‑level open‑air retail center completed in 2017
- 35,611‑square‑foot grocery anchor on the first floor
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,792
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Vacancy Rate% for Retail in Los Angeles, CA
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Similar Off Market Nearby
- Koreatown Plaza — 928 S Western Ave, Los Angeles, CA 90006
- Western Plaza — 867 S Western Ave, Los Angeles, CA 90005
- THE CASE SHOP — 833 s western ave, los angeles, ca 90005
- New Rodeo Gallery — 833 S Western Ave, Los Angeles, CA 90005
- Diecastmodelswholesale — 716 S St Andrews Pl, Los Angeles, CA 90005
Frequently Asked Questions
What type of property is this?
Shopping center - Three-level retail center with a grocery anchor and triple net tenancy.
Where is this shopping center located?
The property is located at 450 S Western Ave Los Angeles, CA.
What are key features of this property?
This property features: Fully leased shopping center with triple net lease structure; Three‑level open‑air retail center completed in 2017; 35,611‑square‑foot grocery anchor on the first floor
