Multi-Tenant Retail Center with
For Sale
Contact for pricing
2221-2251 Sepulveda Blvd, Los Angeles, CA 90049
Multi-tenant retail property with occupied and vacant space plus 35 on-site parking spaces.
Property Size44,700 SF
Lot Size1.24 Acres
Price / SF$419.46
Days on Market98
Property Features for 2221-2251 Sepulveda Blvd
General Information
Standard status
Active
Size
44,700 SF
Total Parking Spaces
35
Lot size
1.24 Acres
Property subtype
Retail, Industrial
Zoning
NE(IC)
Occupancy
72%
Lease Type
Gross
Investment Type
Value Add
Additional Details
Highway Access
Yes
Building Details
Units
5
Tenancy
Multi
Listing Agency:
WESTMAC
Listed By:
Christian Holland · License #CA 00942434
Source:
Crexi
Added: Jul 9
Changed: Oct 3
Last Checked: Oct 12 at 7:28PM
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 WESTMAC
Investment Insights
Based on property information with market context.
A multi-tenant retail center offered for sale at 2221-2251 Sepulveda Blvd, comprising approximately 44,700 SF of retail space on a 53,947 SF lot. The property features a mix of occupied and vacant space and includes 35 on-site parking spaces to support customer access.
The asset is positioned along a highly visible retail corridor in West Los Angeles, with convenient access to UCLA, Century City, and major regional freeways including I-10 and I-405.
With flexible zoning noted in the offering materials, the center may be a practical fit for an owner-user or an investor seeking leasing and value-add opportunities within a well-established retail environment.
The asset is positioned along a highly visible retail corridor in West Los Angeles, with convenient access to UCLA, Century City, and major regional freeways including I-10 and I-405.
With flexible zoning noted in the offering materials, the center may be a practical fit for an owner-user or an investor seeking leasing and value-add opportunities within a well-established retail environment.
Key Highlights
- Multi‑tenant retail property at 2221‑2251 Sepulveda Blvd with ~44,700 SF retail space on a 53,947 SF lot
- Includes a mix of occupied and vacant space for immediate income potential and leasing upside
- 35 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,037,361
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,747,220
$20.7M
Cap Rate 7%
$14,819,443
$14.8M
Cap Rate 9%
$11,526,233
$11.5M
Market Conditions
NOI Build-Up for 44,700 SF
Gross rent
$1.65M $36.96/SF
− Vacancy
−$170.2K −$3.81/SF
EGI
$1.48M $33.15/SF
− OpEx
−$444.6K −$9.95/SF
NOI
$1.04M $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,747,220
Cap Rate 7%
$14,819,443
Cap Rate 9%
$11,526,233
Alternative Uses
Best Use
Retail
$14.82M
$12.97M – $17.29M
NOI $1,037,361 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$905.60M
$792.40M – $1,056.53M
NOI $63,391,661 @ 7.0% cap · market cap 338.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,855
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90049, CA
36,980
Population
18,684
Households
2
Avg Household Size
41
Median Age
81%
College-Educated
99%
High-School Grad
15.0 sq mi
ZIP Area
2,465
Density / Sq Mi
$169,898
Median Household Income
$100,046
Median Earnings
$2,913
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail property with occupied and vacant space plus 35 on-site parking spaces.
Where is this shopping center located?
The property is located at 2221-2251 Sepulveda Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $18,750,000.
What are key features of this property?
This property features: Multi‑tenant retail property at 2221‑2251 Sepulveda Blvd with ~44,700 SF retail space on a 53,947 SF lot; Includes a mix of occupied and vacant space for immediate income potential and leasing upside; 35 on‑site parking spaces
