Cerritos Retail Shopping
17500 Carmenita Rd, Cerritos, CA 90703
For Sale
Contact for pricing
Pending
42,568 SF shopping center in Los Angeles/Orange County metro area.
Property Size42,568 SF
Lot Size3.80 Acres
Days on Market283
Property Features for 17500 Carmenita Rd
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Lease Type
Net Operating Income
Building Details
Tenancy
Listing Agency:
Miguel Aguilo Real Estate
Listed By:
Miguel Aguilo · License CA #01273198
(310) 686-2961
Source:
Crexi
Added: Feb 5
Changed: Nov 7
Last Checked: Nov 12 at 4:48AM
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 Miguel Aguilo Real Estate
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Investment Insights
Based on property information with market context.
This neighborhood shopping center, built in 1971 and renovated in 2002, is situated in a central location within the Los Angeles / Orange County metro area. The property has a total rentable area of 42,568 square feet and is positioned on a 3.8-acre parcel. The location offers convenient access to Downtown Los Angeles (20 miles), Disneyland / Anaheim (9 miles), and John Wayne Airport (20 miles). The property benefits from stable in-place cash flow supported by daily-needs tenancy and an NNN expense structure with full recovery of operating costs. It is located in a supply-constrained, high-income trade area. The property offers value-add upside through recapture and re-leasing of 26,676 square feet at market rents. Below-market in-place rents provide embedded rent growth. The area has strong demographics with above-average household incomes and employment density. The property has long-term land value supported by its 3.8-acre parcel in a core Los Angeles submarket.
Key Highlights
- Value‑Add Upside: Recapture and re‑lease 26,676 SF at market rents to significantly increase revenue.
- Attractive Infill Retail Location: Situated in a supply‑constrained, high‑income trade area within the Los Angeles/Orange County metro area.
- Stable In‑Place Cash Flow: Supported by daily‑needs tenancy, providing immediate returns.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$941,800
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,836,000
$18.8M
Cap Rate 7%
$13,454,286
$13.5M
Cap Rate 9%
$10,464,444
$10.5M
Market Conditions
NOI Build-Up for 42,568 SF
Gross rent
$1.44M $33.84/SF
− Vacancy
−$95.1K −$2.23/SF
EGI
$1.35M $31.61/SF
− OpEx
−$403.6K −$9.48/SF
NOI
$941.8K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,836,000
Cap Rate 7%
$13,454,286
Cap Rate 9%
$10,464,444
Alternative Uses
Best Use
Retail
$13.45M
$11.77M – $15.70M
NOI $941,800 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.79M
$19.94M – $26.59M
NOI $1,595,352 @ 7.0% cap · market cap 14.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 90703, CA
49,735
Population
16,160
Households
3.1
Avg Household Size
46
Median Age
57%
College-Educated
94%
High-School Grad
8.7 sq mi
ZIP Area
5,717
Density / Sq Mi
$133,300
Median Household Income
$62,992
Median Earnings
$2,910
Median Rent
$906,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Shopping centers in Los Angeles County
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Cerritos Towne Center — 12731 Towne Center Dr, Cerritos, CA 90703
- Olea Kiosks, Inc. — 13845 Artesia Blvd, Cerritos, CA 90703
Frequently Asked Questions
What type of property is this?
Shopping center - 42,568 SF shopping center in Los Angeles/Orange County metro area.
Where is this shopping center located?
The property is located at 17500 Carmenita Rd Cerritos, CA.
What is the asking price?
The asking price for this property is $10,700,000.
What are key features of this property?
This property features: Value‑Add Upside: Recapture and re‑lease 26,676 SF at market rents to significantly increase revenue.; Attractive Infill Retail Location: Situated in a supply‑constrained, high‑income trade area within the Los Angeles/Orange County metro area.; Stable In‑Place Cash Flow: Supported by daily‑needs tenancy, providing immediate returns.
