Mixed-Use Complex on Western
For Sale
Contact for pricing
28619-28649 S Western Ave, Rancho Palos Verdes, CA 90275
Two-story mixed-use complex with high visibility and traffic.
Property Size48,216 SF
Days on Market264
Property Features for 28619-28649 S Western Ave
General Information
Standard status
Active
Size
48,216 SF
Class
B
Property subtype
Office; Retail
Lease Term
MG
Building Details
Building Size
48,216 SF
Properties For Sale
at 28619-28649 S Western Ave Contact us28631
Size
732 SF
Type
Office Building
Term
Negotiable
28633
Size
5,363 SF
Term
Negotiable
Listing Agency:
NAI Capital Torrance
Listed By:
Randy Matusoff, CCIM, SIOR · License #CalDRE #00971273
(310) 878-6900
Source:
Naiglobal
Added: Jan 27
Changed: Oct 6
Last Checked: Oct 16 at 5:53AM
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 NAI Capital Torrance
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Investment Insights
Based on property information with market context.
Palos Verdes Plaza is a two-story mixed-use complex featuring both office and retail spaces. It is situated on South Western Avenue, a high-traffic thoroughfare, providing excellent visibility. The location benefits from substantial on-site traffic, driven by a Carl's Jr. and a US Post Office situated at opposite ends of the property. The complex is located on the Palos Verdes Peninsula, centrally positioned along the Western Avenue corridor, approximately 3 miles from the World Cruise Center. The surrounding area boasts an affluent demographic, with an average household income of approximately $120,000 within a 1-mile radius. The property offers signage options and free surface parking. On-site amenities include restaurants and retail options. Additional restaurants and shopping are within walking distance.
Key Highlights
- Excellent visibility on high‑traffic S Western Avenue.
- Located in the affluent Palos Verdes Peninsula.
- High on‑site traffic generated by Carl's Jr. and US Post Office.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$976,374
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,527,480
$19.5M
Cap Rate 7%
$13,948,200
$13.9M
Cap Rate 9%
$10,848,600
$10.8M
Market Conditions
NOI Build-Up for 48,216 SF
Gross rent
$1.74M $36.00/SF
− Vacancy
−$173.6K −$3.60/SF
EGI
$1.56M $32.40/SF
− OpEx
−$585.8K −$12.15/SF
NOI
$976.4K $20.25/SF
Area
Los Angeles County, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,527,480
Cap Rate 7%
$13,948,200
Cap Rate 9%
$10,848,600
Alternative Uses
Best Use
Retail
$15.24M
$13.33M – $17.78M
NOI $1,066,759 @ 7.0% cap · market cap 53,337,950.00%
Second Best
Office B
$15.06M
$13.17M – $17.57M
NOI $1,053,963 @ 7.0% cap · market cap 52,698,150.00%
Theoretical Best
Office A
$25.81M
$22.59M – $30.12M
NOI $1,807,026 @ 7.0% cap · market cap 90,351,300.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
Explore this area
Business Placement
Demographics for 90275, CA
42,452
Population
16,668
Households
2.5
Avg Household Size
50
Median Age
69%
College-Educated
98%
High-School Grad
13.5 sq mi
ZIP Area
3,145
Density / Sq Mi
$175,212
Median Household Income
$95,000
Median Earnings
$3,501
Median Rent
$1,543,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story mixed-use complex with high visibility and traffic.
Where is this mixed-use property located?
The property is located at 28619-28649 S Western Ave Rancho Palos Verdes, CA.
What are key features of this property?
This property features: Excellent visibility on high‑traffic S Western Avenue.; Located in the affluent Palos Verdes Peninsula.; High on‑site traffic generated by Carl's Jr. and US Post Office.
