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Macarthur Park Shopping Center 505-545 S Alvarado St
960 - 5,600 SF of Space Available in Los Angeles, CA 90057
Highlights
- Just Minutes From Downtown Los Angeles + Koreatown.
- 15 Mixed-Use Projects In Development Nearby.
- Very Dense Population Demographics.
- Ample parking.
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 521 | 1,550 SF | 3-15 Years | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor - 523 | 1,550 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor - 525 | 960-2,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
521-545 S Alvarado St - 1st Floor - Ste 521
- Partially Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
521-545 S Alvarado St - 1st Floor - 523
521-545 S Alvarado St - 1st Floor - 525
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.
SITE PLAN
SELECT TENANTS AT Macarthur Park Shopping Center
- Tenant
- Description
- US Locations
- Reach
- Auto Insurance
- -
- 1
- -
- Compremex
- Finance and Insurance
- 1
- -
- El Pollo Loco
- Fast-food
- 621
- National
- Fernandez DDS
- -
- 1
- -
- Pizza Man
- Restaurant
- 1
- -
- San Antonio Wedding Chapel
- -
- 1
- -
| Tenant | Description | US Locations | Reach |
| Auto Insurance | - | 1 | - |
| Compremex | Finance and Insurance | 1 | - |
| El Pollo Loco | Fast-food | 621 | National |
| Fernandez DDS | - | 1 | - |
| Pizza Man | Restaurant | 1 | - |
| San Antonio Wedding Chapel | - | 1 | - |
PROPERTY FACTS FOR 505-545 S Alvarado St , Los Angeles, CA 90057
| Total Space Available | 5,600 SF | Frontage | 223’ on S Alvarado |
| Min. Divisible | 960 SF | Gross Leasable Area | 42,828 SF |
| Center Type | Strip Center | Total Land Area | 1.40 AC |
| Parking | 56 Spaces | Year Built | 1975 |
| Center Properties | 3 |
| Total Space Available | 5,600 SF |
| Min. Divisible | 960 SF |
| Center Type | Strip Center |
| Parking | 56 Spaces |
| Center Properties | 3 |
| Frontage | 223’ on S Alvarado |
| Gross Leasable Area | 42,828 SF |
| Total Land Area | 1.40 AC |
| Year Built | 1975 |
About the Property
Situated at the intersection of Alvarado Street + 6th Street, only a minute walk from the Westlake/MacArthur Park Metro Station. Close to Downtown Los Angeles and Koreatown. Rapidly gentrifying neighborhood with 15 mixed-use projects underway in the immediate vicinity.Property features high street visibility on busy Alvarado Street and ample parking in an onsite lot (approx. 32 spaces).
- Pylon Sign
Nearby Major Retailers
Presented by
Macarthur Park Shopping Center | 505-545 S Alvarado St
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