Technical
Financial
Distress signals
Property profile

29050 Western Ave Rancho Palos Verdes, CA 90275

OFF-MARKET
Community centers
Property ID
US09-7141790
43,798 SF 2.88 ac lot Built 1985
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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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

Location

29050 Western Ave Rancho Palos Verdes, CA 90275-0883
Rancho Palos Verdes metro Census 296300 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$15.98M
Comparable Approach Comparable
by Request
Blend (final) Blend
$14.98M

Owner & transaction history

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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