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Property profile & analytics
FOR LEASE
Super regional malls
20700 Avalon Blvd Carson, CA 90746
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9109100
For Lease
1 / 8
Contact for pricing
20700 Avalon Blvd, Carson, CA 90746
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Property summary
AI-generated overview
Southbay Pavilion, located at 20700 Avalon Blvd in Carson, California (zip code 90746), offers exceptional retail opportunities within a thriving power center. This 1,000,000 square foot shopping center boasts a highly desirable location in Los Angeles County, with excellent visibility from the I-405 freeway, experiencing 272,000 average daily traffic. The property is classified as a super regional power center, anchored by major retailers including IKEA, Target, Burlington, Ross, and Cinemark, ensuring high foot traffic and brand synergy. Currently, there are five available spaces ranging in size from a minimum of 1,522 square feet to a maximum contiguous space of 3,655 square feet. A total of 10,620 square feet of vacant space is currently available for lease. This presents a unique opportunity for businesses seeking high-profile exposure within a well-established and successful retail environment. The property's strategic location and strong anchor tenants make it an ideal investment for a variety of retail concepts. Interested parties should inquire about available space and lease terms.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1973
Construction
TILT-UP CONCRETE
Total area
178,323 SF
Lot
12.23 ac (532,654 SF)
Zoning code
CACR&D&MUR
APN
7381-024-032
UPID
US09-9109100
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$51.61M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$57.28M
Owner & transaction history
Ulta Salon Cosmetics & Fragrance In · 2 yrs held
Ulta Salon Cosmetics & Fragrance In
since 2023
Last sale
$59.6M
7 recorded transactions
Zoning & alternative use
CACR&D&MUR · Carson, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Carson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$58,380,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$55,905,000
6.5%
$51,605,000
7%
$47,920,000
Blend value · Realmo final
$57.28M
Range $51.55M – $63.00M · ±10% · vs last sale $59.56M (Dec 16 2021)
Last sale anchor
$59.56M
Dec 16 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$321 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$743,172
Tax year 2024
Assessed value
$54,933,120
Assessed 2024
Previous assessed
$54,933,120
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$35,061,480
Assessed improvement
$19,871,640
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1973
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
5
Stories
1
Total area
178,323 SF
Lot
12.23 ac (532,654 SF)
Zoning code
CACR&D&MUR
APN
7381-024-032
UPID
US09-9109100
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
CACR&D&MUR · Carson, CA
Zoning CACR&D&MUR · permitted uses
CACR&D&MUR · Carson, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carson. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
5
Lot
12.23 ac
Current owner
From public records · entity-resolved
Ulta Salon Cosmetics & Fragrance In
Individual
Free & Clear · 2 yrs held
Mailing address
40 W 57TH ST29THFL, NEW YORK, NY 10019-4001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2023
—
Ulta Salon Cosmetics & Fragrance In
Atlas Vi Jcp Carson LLC
Lease
—
Jun 6, 2022
—
Atlas Vi Jcp Carson LLC
—
Deed
related
$55,000,000 · Deutsche Bank
Dec 16, 2021
$59,555,000
Vi Jcp Carson LLC
Crvi Sbp LLC
Grant Deed
$55,000,000 · Deutsche Bank
Dec 16, 2021
—
Atlas Vi Jcp Carson LLC
—
Deed
related
$55,000,000 · Deutsche Bank
Nov 24, 2021
$19,000,000
Atlas Vi Jcp Carson LLC
Ctl Propco I LLC
Grant Deed
—
Oct 28, 2021
—
J & J Carson LLC
—
Deed
related
$24,000,000 · John Hancock Life Insurance Company USA
May 24, 2021
—
Ctl Propco I LLC
J C Penney Properties LLC
Grant Deed
—
Oct 6, 2020
$30,000,000
J & J Carson LLC
Seritage Src Finance LLC
Grant Deed
$19,900,000 · Sheila Dave & Sherry Gold Foun
Feb 18, 2020
—
Crvi Sbp LLC
—
Deed
related
$39,763,000 · Us Bk
Dec 5, 2019
—
Seritage Src Finance LLC
—
Grant Deed
related
$2,000,000,000 · Berkshire Hathaway Life Ins Co
Apr 16, 2019
—
Crvi Sbp LLC
Vcg-southbay Pavilion LLC
Deed In Lieu Of Foreclosure
related
—
Jan 31, 2019
—
Schiffman,todd I Living Trust
—
Deed
related
$1,020,000 · Farmers & Merchants Bk/lng Bch
Oct 18, 2018
—
Century Theatres INC
—
Deed
related
$200,000 · Barclays Bk/plc
Jul 28, 2016
—
J C Penney Properties INC
—
Deed
related
$500,000,000 · Wilmington Tr
May 16, 2016
—
Vcg-southbay Pavilion LLC
—
Deed
related
$83,200,000 · Other Institutional Lenders
Jan 30, 2014
—
J C Penney Properties INC
J C Penney Properties INC
Quit Claim Deed
related
$72,000,000 · Bank Of America
Sep 30, 2013
—
Vcg-southbay Pavilion LLC
—
Grant Deed
related
$72,000,000 · Bank Of America
—
—
Manna La LLC
—
Deed Of Trust
related
$44,281,082 · Wells Fargo Bk
—
—
Vcg-southbay Pavilion LLC
—
Deed Of Trust
related
$83,200,000 · Other Institutional Lenders
—
—
Crvi Sbp LLC
—
Deed Of Trust
related
$39,763,000 · Us Bk
—
—
Hreg Genesis Carson LLC
—
Deed Of Trust
related
$44,200,000 · City Nat'l Bk/shenandoah
—
—
Vcg-southbay Pavilion LLC
—
Loan Modification
related
$83,200,000 · Other Institutional Lenders
—
—
Century Theatres INC
—
Deed Of Trust
related
$200,000 · Barclays Bk/plc
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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