Retail Strip Center Investment
4513 Artesia Blvd, Lawndale, CA 90260
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Retail strip center with repositioning potential in Lawndale, California.
Type:Retail
Property size:
8,617 SFLot size:
0.38 AcresPrice / SF:
$405/SF- Added:
- Nov 1, 2024
- Days on Market:
- 576
- Last Refresh:
- May 12 at 8:12 pm
Property Features for 4513 Artesia Blvd
General Information
- Standard status
- Active
- Size
- 8,617 SF
- Lot size
- 0.38 Acres
- Property subtype
- Retail
Listing agent David Ghermezian License #CA 01084422
Listing office Newmark | Los Angeles - Century City (310) 407-6567
Listing date Nov 1, 2024
Source Crexi
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 Newmark | Los Angeles - Century City
HighLights
- Excellent repositioning opportunity due to vacancy and month‑to‑month leases.
- Located at a signalized intersection of Artesia Boulevard and Redondo Beach Boulevard.
- Anchored by a liquor store, dental office, nail shop, and Cake Garden Deli/Bakery (under construction).
- Building size is approximately 8,617 square feet.
- Land size is approximately 16,493 square feet.
- Located in Lawndale, California 90260.
Overview
The property at 4513 Artesia Boulevard, Lawndale, California, presents an opportunity to acquire a retail strip center. The building has approximately 8,617 square feet of space and is situated on a 16,493 square foot lot. It is located at the northwest corner of the signalized intersection of Artesia Boulevard and Redondo Beach Boulevard, west of Hawthorne Boulevard. The center is anchored by a liquor store, a dental office, a nail shop, and a Cake Garden Deli/Bakery, which is currently under construction. With one vacant unit and three units on month-to-month leases, the property offers a repositioning opportunity for investors to secure new leases and increase the center's value.
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 | $291.6k | $33.84 |
| − Vacancy | −$19.2k | −$2.23 |
| EGI | $272.4k | $31.61 |
| − OpEx | −$81.7k | −$9.48 |
| NOI | $190.6k | $22.12 |
8,617 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.72M
$2.38M – $3.18M
NOI $190,648 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.61M
$4.04M – $5.38M
NOI $322,946 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
Location Insight
- Map
- Local Demand
- City
- Lawndale
- County
- Los Angeles
- State
- California
- Longitude
- -118.3551083
- Latitude
- 33.8731571
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - Retail strip center with repositioning potential in Lawndale, California.
Where is this strip mall located?
The property is located at 4513 Artesia Blvd Lawndale, CA.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: Excellent repositioning opportunity due to vacancy and month‑to‑month leases.; Located at a signalized intersection of Artesia Boulevard and Redondo Beach Boulevard.; Anchored by a liquor store, dental office, nail shop, and Cake Garden Deli/Bakery (under construction).
