Los Angeles Retail for Sale - Mid-Cities
Marketing Description
Kidder Mathews is pleased to present for sale 601 E Century Boulevard. The subject property is a multi-tenant neighborhood retail center located within a dense, infill trade area of the Los Angeles MSA. The center is positioned at the signalized intersection of Century Boulevard and Avalon Boulevard, offering prominent corner exposure, strong visibility, and direct access from two major thoroughfares. The property benefits from traffic volumes in excess of 32,000 vehicles per day and has historically remained near full occupancy since its construction in 1981.
The center is anchored by Tom’s Jr. Burgers, which serves as the primary traffic generator for the property and has an established operating history within the immediate trade area. The remaining tenant lineup consists of local, service-oriented retailers that cater to daily consumer needs, contributing to consistent foot traffic and stable occupancy. The tenant mix is well-aligned with the surrounding demographics and daytime population.
From an investment standpoint, the asset offers a combination of current income and long-term positioning within the fully developed submarket. The corner location, strong traffic exposure, and necessity-based tenant mix provide durable cash flow characteristics, while the constrained nature of the surrounding retail supply supports sustained leasing demand over time.
Investment Highlights
High Visibility, High Traffic Location. The property is located on the busy corner of East Century Boulevard and South Avalon Boulevard which boasts a combined 32,971 vehicles per day.
Exceptional Yield Opportunity. Attractive cap rate relative to comparable multitenant retail assets within the Mid Cities, delivering strong risk-adjusted returns.
Value-Add & Redevelopment Potential. Existing tenant leases are short term, allowing for creative restructuring of the leases or complete redevelopment. Historical vacancy within the center has also remained low, with most of the existing tenants in place for over 10 years and current occupancy sitting at 91%.
First Time on Market. Current ownership has held this asset since its original development in 1981, proving it to be a reliable and successful long-term investment.
Dense Infill Los Angeles Demographics. More than 410,000 residents live within a 3-mile radius of the subject property, with an average household income of $84,000.
Strong Retail Trade Area. The immediate surrounding market is home to numerous national credit and well-known brands including McDonald's, Taco Bell, Superior Grocers, 7 Eleven, and CVS — among many others. The subject property is also positioned less than five miles east of SoFi stadium, which has led to significant revitalization and growth in this market over the last five years.
