29050 S Western Ave Rancho Palos Verdes, CA 90275

Property Details for 29050 S Western Ave

Year built

1985

Construction

WOOD

Lot size

2.88 lot acres

Property size

43,798 SF

Zone code

LAC2

Property type

Community centers

APN

7445-004-242

APU

7445004242

Description

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.

Location Insight

City

Rancho Palos Verdes

County

Los Angeles

State

California

Longitude

-118.309

Latitude

33.7548

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments