- Program: LRO CPP
- Premium: ~$43,200
- TIV: $6,555,990 (Bldg 1) + $2,444,010 (Bldg 2) = ~$9,000,000
- 2 locations | 23 rental units total | ~43,430 combined sq ft
- Construction: Frame (both) | Year Built: 1985 (both)
- Coverage: Property + General Liability (both buildings)
- Commercial cooking + wok equipment (Bldg 1) | Liquor license (Bldg 1)
- Bldg 1: 18% vacancy | Bldg 2: 21% vacancy
A two-building, 23-unit shopping and office complex on a high-traffic coastal corridor in Los Angeles County's Palos Verdes Peninsula — an upscale coastal community with 300,000+ daily vehicle trips passing the center's prominent monument signage.
Building 1: Retail (31,219 sq ft | 15 units | 1-story): The neighborhood retail anchor features a national auto parts chain as the anchor tenant, an Asian restaurant with a full commercial wok kitchen, a mix of general merchandise and specialty retail shops, and approximately 18% vacancy. A beer and wine license is held by one of the food tenants.
Building 2: Office/Retail (12,210 sq ft | 8 units | 2-story): Eighty percent of Building 2 is occupied by professional services offices — attorneys, medical providers, and business services firms. The remaining 20% is street-level general retail, with approximately 21% vacancy at policy inception.
