Description

This retail portfolio is located in the heart of the upscale Long Beach neighborhood of Los Altos, a dense neighborhood of single family homes sharing borders with Belmont Shore, Seal Beach and Los Alamitos. Primarily developed in the post-war 1940's, Los Altos has continued to grow and mature, becoming one of the best places to live in California. The suburban neighborhood is filled with parks, coffee shops, and all necessities to support the resurgence of new young families moving to the area. Inducted into the "Mall Hall of Fame" in 2009, The Los Altos Center has been the center of community since 1956. Over time the center came to include our portfolio of three parcels on the southern entry to the center. The Britton Drive entrance anchored by IHOP serves as the gateway to gourmet grocer Lazy Acres, Wells Fargo and national quick serve eateries Pick Up Stix and Pieology. Our 3-building portfolio center supports the affluent region with many essential service tenants that are regularly visited by the community; From IHOP to Sylvan Learning Center to Power of One Martial Arts. Parents can drop off kids at the various dentists located in the building and go have some fine dining at Kennedy's Grill. The composite Los Altos Center additionally hosts national retailers LA Fitness, CVS, TJ Maxx, and AT&T as well as a former Sears currently undergoing 300,000 SF of redevelopment that marks the beginning of the Center's 4th generation as the community meeting place. The center is located in Los Angeles County and only 1.5 miles from Orange County, with close access to the 405 Fwy, and Pacific Coast Hwy. The region of East Long Beach is close to a very large recreational marina and beaches. A quarter of a mile away is Long Beach State University, home to over 35,000 students and the national icon, Walter Pyramid arena averaging 200,000 visitors annually. Long Beach boasts a number of successful sports teams that utilize the Walter Pyramid for events. CSULB Men's and Women's volleyball and basketball teams are proud NCAA Division-I programs. The pregame and postgame festivities utilize Kennedy's Grill for celebrations. It's not uncommon for home sales to exceed $1,000,000 and the largest most prestigious home in Park Estates (under half a mile away) exceeding $5,000,000.