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Los Angeles Shopping Centers for Sale
Shopping Center For Sale in Los Angeles
Los Angeles is a prime location for commercial real estate investing, especially for shopping centers. With a population of about 4 million people, Los Angeles has a strong infrastructure, including a wide network of freeways and public transportation systems like the Metro Rail and Metrolink. This makes commercial areas easily accessible. Los Angeles is also home to top universities such as the University of California, Los Angeles (UCLA) and the University of Southern California (USC), providing a skilled workforce essential for the retail sector. Moreover, the city's varied geography, which includes both urban downtown areas and coastal views, offers unique settings for shopping centers. These cater to a broad and culturally diverse population looking for varied shopping experiences.
In Los Angeles, shopping centers benefit from the city's dense population and its role as a global cultural and economic center, attracting a wide range of retailers and consumers. Beyond shopping centers, Los Angeles has a strong market for apartment buildings, providing housing that suits the city's diverse residents. Restaurants also find success here, drawing in food lovers with Los Angeles's rich culinary scene. Additionally, specialty properties and office spaces gain from the city's economic variety and its significant position in entertainment, technology, and trade.
Learn about Shopping Centers for sale in Los Angeles
How many Shopping Center listings are available for sale in Los Angeles?
Currently, there are 75 Shopping Center listings available for sale in Los Angeles.
What factors should I consider when searching for Shopping Centers in Los Angeles?
When looking for Shopping Centers in Los Angeles, consider the location's cultural and economic diversity, transportation networks, and average property details.
How much does it cost to buy a Shopping Center in Los Angeles?
The cost of purchasing a Shopping Center in Los Angeles depends on various factors, but a general estimate can be drawn from average price per square foot and property size.
- The average price per square foot for this property type is $524, which provides a gauge for valuing individual properties.
- With the average size of Shopping Centers for sale being 23,524 SF, the approximate cost can be estimated by combining this information with the average price per square foot.
What is the largest Shopping Center available to buy in Los Angeles?
The largest Shopping Center in Los Angeles spans an area of 171,665 SF.
Why is Los Angeles an ideal location for Shopping Centers?
Los Angeles, recognized as the commercial and cultural heart of Southern California, is an advantageous location for Shopping Centers due to its large population base, diverse economy, and status as a major tourist destination.
What is the primary shopping street in Los Angeles?
Rodeo Drive is recognized as the main shopping street in Los Angeles, featuring an array of high-end retail stores.
- The iconic Rodeo Drive spans three blocks in the heart of Beverly Hills and hosts some of the world's most upscale boutiques, including brands like Gucci, Prada, and Chanel.
- This famous street, with its recognizable cobblestone walkway and European styled boutiques, attracts a considerable footfall of locals and tourists alike, promoting an active retail environment.
Size Summary For Los Angeles Shopping Centers
| Shopping Center Size | Square Feet |
|---|---|
| Maximum | 171,665 SF |
| Average | 23,524 SF |
| Minimum | 629 SF |
Cap Rate for Los Angeles Shopping Centers
| Shopping Center Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 7% |
| Average | 5.61% |
| Minimum | 2.8% |
Prices for Los Angeles Shopping Centers
| Shopping Center Price | Price Per SF |
|---|---|
| Maximum | $1,616 Per SF |
| Average | $524 Per SF |
| Minimum | $119 Per SF |
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