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California Market Place 450 S Western Ave 863 - 18,313 SF of Retail Space Available in Los Angeles, CA 90020
HIGHLIGHTS
- Grocery-Anchored Power Center with California Marketplace as the main draw, delivering consistent daily foot traffic
- Flexible Retail & Restaurant Opportunities ranging from small food concepts to larger-format users, including multiple 2nd Gen restaurant spaces
- Strong Existing Tenant Mix including food, beauty, service, and retail, creating built-in synergy and repeat visitation
- Prime Koreatown Location in one of LA’s most vibrant, dense, and culturally rich neighborhoods with day-to-night activity
- Third-Floor Rooftop Terrace Opportunity ideal for dining, events, brand activations, and experiential concepts with skyline views
SPACE AVAILABILITY (10)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor, Ste 204 | 863 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 2nd Floor, Ste 210 | 1,338 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 2nd Floor, Ste 212 | 2,155 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 3rd Floor, Ste 305/FC1 | 1,368 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 3rd Floor, Ste 305/FC2 | 1,322 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 3rd Floor, Ste 305/FC3 | 1,346 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 3rd Floor, Ste 305/FC4 | 1,336 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 3rd Floor, Ste 305/FC5 | 1,364 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 3rd Floor, Ste 309, 310, 311, 312 | 1,200-5,821 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) | ||
| 3rd Floor, Ste 314 | 1,400 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
2nd Floor, Ste 204
- Fully Built-Out as Standard Retail Space
2nd Floor, Ste 210
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
2nd Floor, Ste 212
- Fully Built-Out as a Bank
3rd Floor, Ste 305/FC1
Turnkey Restaurant Infrastructure in Place This second-generation restaurant space comes fully equipped with essential infrastructure, including a commercial-grade exhaust hood, grease trap, three-compartment sink, handwashing stations, and built-in refrigeration. The layout supports both dine-in and takeout operations, with existing plumbing, electrical, and HVAC systems tailored for food service. Ideal for operators seeking a fast-track opening in a high-traffic location.
- Fully Built-Out as a Fast Food Restaurant
- Kitchen
3rd Floor, Ste 305/FC2
Turnkey Restaurant Infrastructure in Place This second-generation restaurant space comes fully equipped with essential infrastructure, including a commercial-grade exhaust hood, grease trap, three-compartment sink, handwashing stations, and built-in refrigeration. The layout supports both dine-in and takeout operations, with existing plumbing, electrical, and HVAC systems tailored for food service. Ideal for operators seeking a fast-track opening in a high-traffic location.
- Fully Built-Out as a Restaurant or Café Space
- Kitchen
3rd Floor, Ste 305/FC3
Turnkey Restaurant Infrastructure in Place This second-generation restaurant space comes fully equipped with essential infrastructure, including a commercial-grade exhaust hood, grease trap, three-compartment sink, handwashing stations, and built-in refrigeration. The layout supports both dine-in and takeout operations, with existing plumbing, electrical, and HVAC systems tailored for food service. Ideal for operators seeking a fast-track opening in a high-traffic location.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Kitchen
3rd Floor, Ste 305/FC4
Turnkey Restaurant Infrastructure in Place This second-generation restaurant space comes fully equipped with essential infrastructure, including a commercial-grade exhaust hood, grease trap, three-compartment sink, handwashing stations, and built-in refrigeration. The layout supports both dine-in and takeout operations, with existing plumbing, electrical, and HVAC systems tailored for food service. Ideal for operators seeking a fast-track opening in a high-traffic location.
- Fully Built-Out as a Restaurant or Café Space
- Kitchen
3rd Floor, Ste 305/FC5
Turnkey Restaurant Infrastructure in Place This second-generation restaurant space comes fully equipped with essential infrastructure, including a commercial-grade exhaust hood, grease trap, three-compartment sink, handwashing stations, and built-in refrigeration. The layout supports both dine-in and takeout operations, with existing plumbing, electrical, and HVAC systems tailored for food service. Ideal for operators seeking a fast-track opening in a high-traffic location.
- Fully Built-Out as a Restaurant or Café Space
- Kitchen
3rd Floor, Ste 309, 310, 311, 312
Potential Tenants: Sports Club, Axe Throwing, Adventure Club, Entertainment Venue, Experiential Retail, Indoor Recreation, Medspa Space, Salon Space, Aesthetic Studio, IV Therapy Space, Wellness Space, Spa Space, Beauty Salon, Hair Salon Space, Cosmetic Clinic, Fitness, Health Club, Retail Space for Beauty Services, Yoga Studio, Pilates Studio, Dance Studio, Martial Arts Studio, Day Spa, Chiropractic Clinic, Physical Therapy Center, Boutique Fitness Studio, Cycling Studio.
- Lease rate does not include utilities, property expenses or building services
3rd Floor, Ste 314
Turnkey Restaurant Infrastructure in Place This second-generation restaurant space comes fully equipped with essential infrastructure, including a commercial-grade exhaust hood, grease trap, three-compartment sink, handwashing stations, and built-in refrigeration. The layout supports both dine-in and takeout operations, with existing plumbing, electrical, and HVAC systems tailored for food service. Ideal for operators seeking a fast-track opening in a high-traffic location.
- Fully Built-Out as a Restaurant or Café Space
- Kitchen
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT CALIFORNIA MARKET PLACE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- BMB Medical
- -
- 1
- -
- California Supermarket
- Supermarket
- 1
- Local
- Coffee Bean & Tea Leaf
- Coffee
- 310
- International
- Tous Les Jours
- Bakery
- 203
- International
- Verizon
- Wireless Communications
- 8,458
- International
- Ye Stage And Tea
- -
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| BMB Medical | - | 1 | - |
| California Supermarket | Supermarket | 1 | Local |
| Coffee Bean & Tea Leaf | Coffee | 310 | International |
| Tous Les Jours | Bakery | 203 | International |
| Verizon | Wireless Communications | 8,458 | International |
| Ye Stage And Tea | - | 1 | - |
PROPERTY FACTS
| Total Space Available | 18,313 SF | Gross Leasable Area | 91,883 SF |
| Min. Divisible | 863 SF | Year Built | 2016 |
| Property Type | Retail | Parking Ratio | 4.52/1,000 SF |
| Property Subtype | Freestanding |
| Total Space Available | 18,313 SF |
| Min. Divisible | 863 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 91,883 SF |
| Year Built | 2016 |
| Parking Ratio | 4.52/1,000 SF |
ABOUT THE PROPERTY
Step into the heart of Koreatown, a vibrant tapestry woven within the energetic fabric of Los Angeles. This dynamic neighborhood is a cultural melting pot, brimming with life and creativity. From authentic Korean flavors to a kaleidoscope of global cuisines, Koreatown tantalizes the senses. A bustling commercial hub, it buzzes with energy day and night, drawing a diverse population eager to explore its unique offerings. Strategically located within the city, Koreatown offers unparalleled accessibility and a passionate community, making it an ideal destination for businesses to flourish and connect. Unleash your vision at 450 Western Ave where Koreatown‘s energy pulses through a thriving three-level retail hub. Imagine your brand alongside the beloved California Marketplace, drawing crowds into a vibrant tapestry of experiences. This isn‘t just space; it‘s an invitation. Picture your restaurant sizzling with life or your store captivating the community. Benefit from a dynamic location, ample parking, and the spirit of Koreatown – a canvas for your retail dream to flourish. Step into success! Beyond the bustling retail spaces and vibrant atmosphere, a stunning third-floor rooftop awaits, offering unparalleled appeal. Envision your business thriving with this distinct feature – a coveted space for events, dining, or simply captivating patrons. This rooftop elevates your brand, providing a sophisticated haven with breathtaking views, solidifying 450 S Western Ave as the ultimate destination. Spaces to Shape: Adaptable spaces, from ready-to-go restaurant setups to blank canvases for your custom build Leverage the high-traffic draw of California Marketplace, a community hub driving consistent footfall
- Banking
- Bus Line
- Corner Lot
- Courtyard
- Food Court
- Metro/Subway
- Restaurant
- Kiosk/Cart Space
- Storage Space
- Monument Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
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California Market Place | 450 S Western Ave
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