7320 Firestone Blvd Downey, CA 90241
- Lifestyle centers
- 135,000 SF
Current Use by Public Records
- First Citizens Bank ATM / Atm
- Thorpe Development East / Custom Home Builder
- Solomon Kim / Chiropractor
- Acai World / Açaí Shop / Juice Shop
- Body Molding And Face / Massage Therapist / Spa
Property Details for 7320 Firestone Blvd
- Year built
- 1986
- Property size
- 135,000 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
West Downey Plaza, a 135,000 square foot shopping center in Downey, CA, presents a compelling investment opportunity. This multi-tenant property, built in 1986, features three buildings on a ±130,000 square foot lot and boasts 35 tenants across 48,440 net rentable square feet, currently operating at 74.4% occupancy. The asking price is $15,274,000, translating to $315 per square foot. The property includes 195 parking spaces and is strategically located on Firestone Blvd, a high-traffic thoroughfare with over 40,600 vehicles passing daily, ensuring excellent visibility and accessibility. The strong demographic profile, with over 272,183 residents within a 3-mile radius, supports consistent customer traffic. Significant value-add potential exists through lease conversions, as approximately 22 leases are below market rates, and roughly 40% of tenants are on month-to-month agreements, offering immediate flexibility for lease restructuring. Further income growth can be achieved by redeveloping or leasing available outparcels. The property's APN is 6231-002-006. This is an exceptional opportunity to acquire a well-located retail center with substantial upside potential in a thriving Los Angeles County market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Downey
- County
- Los Angeles
- State
- California
- Longitude
- -118.151
- Latitude
- 33.9465
