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Sales & Tax Overview for 12205 Centralia Street, Lakewood

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Lot & Building Information for 12205 Centralia Street, Lakewood

Zoning, Use & Area Overview

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Other Property Data for 12205 Centralia Street, Lakewood

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About 12205 Centralia Street, Lakewood

Ownership Information

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Spaces for Sale in 12205 Centralia Street, Lakewood

12205 Centralia St

Listing type	For Sale
Listing date	12/31/2025
Last updated	05/26/2026

Family-owned asset and first time on the market in over 40 years! 12205 Centralia Street is a high-performing neighborhood retail strip center located in the dense, supply-constrained Lakewood/Cerritos submarket at the border of Los Angeles and Orange Counties. The ± 14,220 square foot multi-tenant center is situated on a large ± 38,522 square foot parcel with 135 total parking spaces for the shopping center through a reciprocal parking agreement (102 Open parking spaces + 5 ADA spaces with 28 rear alley parking spaces), providing excellent access, convenience, and visibility for daily-needs consumers.

The asset offers investors an extremely rare value-add retail opportunity supported by immediate leasing upside, below-market rents, and conversion potential to NNN lease structures. The center currently includes a prime ±2,346 SF end-cap with a month-to-month tenant, enabling an investor to mark to market within 60 days while increasing occupancy and capturing a meaningful net operating income uplift.

Current in-place rents across the property remain materially below market, creating approximately 20% upside through renewal negotiation, new leasing, and transitioning leases to NNN. Once stabilized and at projected market rents, the asset yields a pro forma 7.94% cap rate, positioning it among the most attractive returns available at the neighborhood retail level in this region.

With high year-one income, robust year-two cash-on-cash returns, and baked-in leasing and rent growth potential, the Centralia property is a stable, cash-flowing investment with meaningful value-creation opportunities rarely available in infill Southern California.

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Brokers

Drew McAllister

Past Sales & Property History for 12205 Centralia Street, Lakewood

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Title Documents for 12205 Centralia Street, Lakewood

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Property Taxes for 12205 Centralia Street, Lakewood

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Special Assessments And Penalties for 12205 Centralia Street, Lakewood

Special Assessments

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Assessment History for 12205 Centralia Street, Lakewood

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Permits for 12205 Centralia Street, Lakewood

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Lakewood residential market stats

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Demographics by Zip Code

Risk

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Transportation

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Neighbors for 12205 Centralia Street, Lakewood

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Nearby ZIP Codes for 12205 Centralia Street, Lakewood

• 90680
• 90701
• 90703
• 90706
• 90713
• 90716
• 90720
• 90808
• 90822