Multi-Tenant Retail Center with
2221-2251 Sepulveda Blvd Los Angeles, CA 90049
2221-2251 Sepulveda Blvd, Los Angeles, CA, 90049
Contact for pricing
For Sale
Contact for pricing
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$558.17
Days on Market9
Property Features for 2221-2251 Sepulveda Blvd
General Information
- Standard status
- Active
- Size
- 44,700 SF
- Lot size
- 1.24 Acres
- Property subtype
- Retail, Industrial
Listing Agency
WESTMAC
Listed by
Christian Holland · License #CA 00942434
Source
Crexi
Added: Jul 9 Checked: Jul 17 at 10:43 am
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.65M | $36.96 |
| − Vacancy | −$170.2k | −$3.81 |
| EGI | $1.48M | $33.15 |
| − OpEx | −$444.6k | −$9.95 |
| NOI | $1.04M | $23.21 |
44,700 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$14.82M
$12.97M – $17.29M
NOI $1,037,361 @ 7.0% cap · market cap 4.16%
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 254.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
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FAQs
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 $24,950,000.
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
