Multi-Tenant Neighborhood Shopping
For Sale
Contact for pricing
601 E Century Blvd, Los Angeles, CA 90002
Corner retail center with established food-service tenancy and access from two major thoroughfares.
Property Size6,308 SF
Price / SF$293.28
Days on Market203
Property Features for 601 E Century Blvd
General Information
Standard status
Active
Size
6,308 SF
Property subtype
Retail
Occupancy
91%
Investment Type
Value Add
Net Operating Income
$129,839
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Tom's Jr. Burgers
Traffic Count
32,000 vehicles/day
Road Access
Yes
Building Details
Year Built
1981
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
Kidder Matthews
(661) 204-6841
Listed By:
Nicholas Phillips · License #CA 02039070
Source:
Crexi
Added: Feb 9
Changed: Aug 31
Last Checked: Aug 31 at 1:09AM
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 Kidder Matthews
Investment Insights
Based on property information with market context.
This 6,308-square-foot neighborhood shopping center contains multiple retail occupancies and was constructed in 1981. The property includes Tom’s Jr. Burgers as its anchor, supported by local service-oriented retailers serving everyday consumer needs. Its tenant configuration has historically maintained near-full occupancy.
The center occupies the signalized intersection of Century Boulevard and Avalon Boulevard in Los Angeles, providing corner exposure and access from both thoroughfares. Reported traffic exceeds 32,000 vehicles per day, supporting visibility for the existing retail lineup. The property is located within a dense, fully developed trade area of the Los Angeles MSA.
The center occupies the signalized intersection of Century Boulevard and Avalon Boulevard in Los Angeles, providing corner exposure and access from both thoroughfares. Reported traffic exceeds 32,000 vehicles per day, supporting visibility for the existing retail lineup. The property is located within a dense, fully developed trade area of the Los Angeles MSA.
Key Highlights
- 6,308‑square‑foot neighborhood shopping center
- Signalized corner at Century Boulevard and Avalon Boulevard
- Traffic volumes exceed 32,000 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$146,391
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,927,820
$2.9M
Cap Rate 7%
$2,091,300
$2.1M
Cap Rate 9%
$1,626,567
$1.6M
Market Conditions
NOI Build-Up for 6,308 SF
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.
Gross rent
$233.1K $36.96/SF
− Vacancy
−$24.0K −$3.81/SF
EGI
$209.1K $33.15/SF
− OpEx
−$62.7K −$9.95/SF
NOI
$146.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,927,820
Cap Rate 7%
$2,091,300
Cap Rate 9%
$1,626,567
Alternative Uses
Best Use
Retail
$2.09M
$1.83M – $2.44M
NOI $146,391 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$127.80M
$111.82M – $149.10M
NOI $8,945,740 @ 7.0% cap · market cap 483.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
32,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90002, CA
53,150
Population
13,808
Households
3.8
Avg Household Size
30
Median Age
8%
College-Educated
53%
High-School Grad
3.0 sq mi
ZIP Area
17,717
Density / Sq Mi
$56,158
Median Household Income
$29,680
Median Earnings
$1,509
Median Rent
$502,600
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 - Corner retail center with established food-service tenancy and access from two major thoroughfares.
Where is this shopping center located?
The property is located at 601 E Century Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 6,308‑square‑foot neighborhood shopping center; Signalized corner at Century Boulevard and Avalon Boulevard; Traffic volumes exceed 32,000 vehicles per day
