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Property profile & analytics
OFF-MARKET Estimated value $16,240,000
Community centers

29050 Western Ave Rancho Palos Verdes, CA 90275-0883

43,798 SF 2.88 ac lot Built 1985
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-7141790
Property summary
AI-generated overview

Harbor Cove Shopping Center presents a compelling investment opportunity in the exclusive Rancho Palos Verdes corridor. This two-building retail center, totaling 43,429 square feet, boasts a prime location at the corner of Western Avenue and Capitol Drive, enjoying exceptional visibility and high traffic counts exceeding 300,000 vehicles daily. The center features a diverse tenant mix including restaurants, retail shops, a gym, and medical offices, anchored by AutoZone. Currently, 16,756 square feet of space is available, with a minimum divisible unit of 529 square feet, offering flexibility for various businesses. The property includes 152 parking spaces for customer convenience. The center benefits from prominent monument signage on Western Avenue, ensuring strong brand visibility. All leases are triple net (NNN) with negotiable terms. The surrounding area features a strong concentration of desirable businesses, including Ralphs, Trader Joe's, In-N-Out Burger, Bank of America, and AAA, further enhancing the property's appeal and drawing significant foot traffic. The property is zoned LAC2 and located in Los Angeles County. This is an exceptional opportunity to acquire a well-positioned retail center in a thriving market.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1985
Construction WOOD
Total area 43,798 SF
Lot 2.88 ac (125,558 SF)
Zoning code LAC2
APN 7445-004-242
UPID US09-7141790
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
$15.98M
Comparable Approach Comparable
by Request
Blend (final) Blend
$16.24M
Owner & transaction history
W & F Investments LLC · 4 yrs held
W & F Investments LLC
since 2022
Last sale
$17.0M
5 recorded transactions
2022
$17.0M
2016
$10.4M
1997
Price N/A
1996
Price N/A
1969
Price N/A
Zoning & alternative use
LAC2 · Rancho Palos Verdes, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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