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California Marketplace 450 S Western Ave

91,883 SF 91% Leased Retail Building Los Angeles, CA 90020 For Sale

Investment Highlights

  • California Market is the regions longest operating and most dominant Korean supermarket.
  • Grocery anchored with a complimentary and diverse tenant mix.

Executive Summary

Initial Bid Deadline: Oct. 31, 2024; 5:00 PM PDT
Best & Final Bid Deadline: Nov. 7, 2024; 5:00 PM PDT

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
91,883 SF
Building Class
B
Year Built
2016
Percent Leased
91%
Tenancy
Multiple
Number of Floors
3
Building FAR
1.26
Land Acres
1.67 AC
Zoning
C2-1; R3-2
Parking
362 Spaces (4.52 Spaces per 1,000 SF Leased)
Frontage
244 ft on S Western Ave

Amenities

  • Banking
  • Bus Route
  • Corner Lot
  • Courtyard
  • Food Court
  • Public Transport
  • Restaurant
  • Kiosk/Cart Space
  • Storage Space
  • Monument Signage
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 305/FC3
  • 1,346 SF
  • Restaurant
  • Food Court
  • Now

Dark food court restaurant fully built out, ample indoor and out door eating capability.

  • 308
  • 1,272 SF
  • Restaurant
  • Outparcel
  • Now

Restaurant Space with Kitchen/Hood great for dessert shop, cafe, coffee, cooking, indoor dining, outdoor dining and on the 3rd floor of the Best Open Air Shopping Center in Koreatown.

  • 309
  • 1,700-5,821 SF
  • Retail
  • End Cap
  • Now

Raw Space so you can use your best imagination to make your ideal restaurant / bar space. Liquor License for on site consumption with the property. The space has concrete floors and will require full build out. Ownership is interested in an experienced restaurant / bar operator with the addition of nightlife component to the property.

Space Size Space Use Position Available
305/FC3 1,346 SF Restaurant Food Court Now
308 1,272 SF Restaurant Outparcel Now
309 1,700-5,821 SF Retail End Cap Now

305/FC3

Size
1,346 SF
Space Use
Restaurant
Position
Food Court
Available
Now

308

Size
1,272 SF
Space Use
Restaurant
Position
Outparcel
Available
Now

309

Size
1,700-5,821 SF
Space Use
Retail
Position
End Cap
Available
Now

305/FC3

Size 1,346 SF
Space Use Restaurant
Position Food Court
Available Now

Dark food court restaurant fully built out, ample indoor and out door eating capability.

308

Size 1,272 SF
Space Use Restaurant
Position Outparcel
Available Now

Restaurant Space with Kitchen/Hood great for dessert shop, cafe, coffee, cooking, indoor dining, outdoor dining and on the 3rd floor of the Best Open Air Shopping Center in Koreatown.

309

Size 1,700-5,821 SF
Space Use Retail
Position End Cap
Available Now

Raw Space so you can use your best imagination to make your ideal restaurant / bar space. Liquor License for on site consumption with the property. The space has concrete floors and will require full build out. Ownership is interested in an experienced restaurant / bar operator with the addition of nightlife component to the property.

Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Coffee Bean & Tea Leaf
Ymca
Bank of Hope
Chase Bank
Starbucks
Ralphs
Bank of America
Denny's
IHOP
Body & Brain

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5503-014-020
Land Assessment
£14,671,386
Improvements Assessment
£33,534,596
Total Assessment
£48,205,982
  • Listing ID: 33385985

  • Date on Market: 02/10/2024

  • Last Updated:

  • Address: 450 S Western Ave, Los Angeles, CA 90020

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