29105 Western Ave Rancho Palos Verdes, CA 90275
- Retail space
- 10,098 SF
- 0.65 lot acres
Current Use by Public Records
- Retail space
Property Details for 29105 Western Ave
- Year built
- 1957
- Construction
- WOOD
- Lot size
- 0.65 lot acres
- Property size
- 10,098 SF
- Zone code
- RPRS-4*
- Property type
- Retail space
- APN
- 7557-030-013
- APU
- 7557030013
Description
This exceptional Class A retail shopping center, located at 29105-29227 S. Western Ave in Los Angeles County, boasts 31,170 square feet of space, with 19,233 square feet currently available for lease. The single-story building is undergoing a multi-million dollar renovation in 2023, promising exceptional curb appeal and a revitalized shopping experience. The property features eight available spaces ranging from 712 to 4,000 square feet, ideal for a variety of tenants including restaurants, retail businesses, medical offices, and fitness centers. National tenants are already in negotiations, underscoring the property's desirability. This location offers incredible visibility along Western Avenue, a busy thoroughfare, and includes irreplaceable pylon signage for maximum brand exposure. Restaurant spaces benefit from extensive patio areas, enhancing their appeal and functionality. The center is situated within a thriving retail trade area, providing a strong customer base and significant growth potential. This is a fantastic opportunity to be part of the area's premier retail destination, a truly remarkable jewel property. The renovation will deliver a finished product with superior curb appeal, attracting both customers and tenants.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $8,400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $7,745,000
- 6.5%
- $9,065,000
- 7%
- $8,170,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $8,195,000
- Geo Method
- $8,215,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $8,805,000
- Retail
- $8,950,000
- Mixed-Use
- $9,940,000
- Hospitality
- $7,950,000
- Educational
- $9,900,000
- Residential Income
- $9,165,000
- Energy
- $7,575,000
- Income-Based Land
- $9,615,000
- Food Service
- $10,080,000
Location Insight
- Map
- Local Demand
- City
- Rancho Palos Verdes
- County
- Los Angeles
- State
- California
- Longitude
- -118.309
- Latitude
- 33.7533
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
