Century Plaza | 2157-2165 W Century Blvd
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Century Plaza 2157-2165 W Century Blvd
5,826 SF 100% Leased Retail Building Los Angeles, CA 90047 $2,800,000 ($481/SF) 6.40% Cap Rate
Investment Highlights
- 100% Occupied Cash-Flowing Neighborhood Retail Center
- Diverse Tenant Mix
- Busy Corner Near Hollywood Park and SoFi Stadium
Executive Summary
Century Plaza, located at 2157 W Century Blvd, Los Angeles, CA 90047 in Inglewood, is a premier
retail strip center offering a compelling investment opportunity.
The property is 100% leased with all new leases executed in 2024, demonstrating strong tenant
demand and operational stability. Featuring a diverse and vibrant tenant mix that includes a juice
shop, a trendy clothing and sneaker store, Trini Style & Catering with authentic Caribbean cuisine,
a relaxing spa, and a popular donut shop, Century Plaza is a well-rounded and attractive retail
destination. With all tenants operating under Triple Net (NNN) leases and annual rent increases of
3-4%, the property ensures steady cash flow with significant rental upside as current rates of $2.50
NNN are positioned to align with or exceed market trends.
The property is supported by the strong demographics of the 90047-zip code, which provide a robust
customer base for these retail services. This area features a high population density and a well established mix of residential and commercial activity, creating consistent demand for retail offerings.
Recent capital improvements totaling in 2024, including paving, painting, upgraded lighting,
a new monument sign, and security gates, have enhanced the property’s appeal and functionality.
Situated at the hard corner of Century Boulevard and Van Ness Avenue, the center benefits from
outstanding visibility with over 50,000 cars passing daily. Its prime location near major developments
like Sofi Stadium and Hollywood Park Casino, coupled with its proximity to dense residential
neighborhoods and commercial centers, ensures strong daytime and evening traffic.
Century Plaza is a stabilized, high-performing asset with strong fundamentals and the potential for continued
growth in a dynamic market.
retail strip center offering a compelling investment opportunity.
The property is 100% leased with all new leases executed in 2024, demonstrating strong tenant
demand and operational stability. Featuring a diverse and vibrant tenant mix that includes a juice
shop, a trendy clothing and sneaker store, Trini Style & Catering with authentic Caribbean cuisine,
a relaxing spa, and a popular donut shop, Century Plaza is a well-rounded and attractive retail
destination. With all tenants operating under Triple Net (NNN) leases and annual rent increases of
3-4%, the property ensures steady cash flow with significant rental upside as current rates of $2.50
NNN are positioned to align with or exceed market trends.
The property is supported by the strong demographics of the 90047-zip code, which provide a robust
customer base for these retail services. This area features a high population density and a well established mix of residential and commercial activity, creating consistent demand for retail offerings.
Recent capital improvements totaling in 2024, including paving, painting, upgraded lighting,
a new monument sign, and security gates, have enhanced the property’s appeal and functionality.
Situated at the hard corner of Century Boulevard and Van Ness Avenue, the center benefits from
outstanding visibility with over 50,000 cars passing daily. Its prime location near major developments
like Sofi Stadium and Hollywood Park Casino, coupled with its proximity to dense residential
neighborhoods and commercial centers, ensures strong daytime and evening traffic.
Century Plaza is a stabilized, high-performing asset with strong fundamentals and the potential for continued
growth in a dynamic market.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,826 SF
Building Class
C
Year Built
1985
Price
$2,800,000
Price Per SF
$481
Cap Rate
6.40%
NOI
$179,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.51
Lot Size
0.26 AC
Zoning
C2, Los Angeles - TOC Tier 1
Parking
12 Spaces (2.06 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 6057-020-031 | Improvements Assessment | $624,240 |
| Land Assessment | $1,352,520 | Total Assessment | $1,976,760 |
PROPERTY TAXES
Parcel Number
6057-020-031
Land Assessment
$1,352,520
Improvements Assessment
$624,240
Total Assessment
$1,976,760
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Century Plaza | 2157-2165 W Century Blvd
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