CBM1’s David Guardado + Brett Mero recently completed a 15-year lease with a laundromat on a +/-4,200 SF space in a retail strip center on Crenshaw Boulevard just south of the signalized intersection at Hyde Park Boulevard. The incoming tenant, a seasoned operator with extensive experience in the laundry and drycleaning businesses, is completely gutting the interior, replacing the plumbing, and will offer fluff and fold service, doing business under the trade name Deluxe Laundry Spa.

“The space [a long-time laundromat] has been vacant since the prior operator went out of business during retail’s pandemic downturn,” says CBM1’s David Guardado. The landlord initially sought alternative tenants, with sights set on higher rents. Guardado, however, educated the ownership on the reality of the situation: “Demising a 4,000+ SF space into smaller units along with installing the required bathrooms and air-conditioning is likely a $100,000+ renovation project.” Avoiding a costly out-of-pocket remodel incentivized the landlord to consider laundromat deals, ultimately paving the way for the current tenant. Guardado says, “Building out a new laundromat requires more permits, and the process is much longer than occupying a laundry already approved for operation. The city now requires an environmental impact study to open a new, ground-up laundry facility typically reserved for new retail and residential developments.” Thus, taking over an existing laundromat space also proved advantageous for the tenant.

Located in an area of South Los Angeles that’s seen significant revitalization in recent years, the property is directly across the street from two newly constructed affordable housing developments. Depot at Hyde Park is a four-story, 43-unit apartment building, and Hope on Hyde Park is another four-story, 98-unit apartment building. Both projects are clear signs of ongoing investment in the community’s urban renewal.

For more information, contact David Guardado: 818.380.9072 | DavidG@cbm1.com Or Brett Mero: 818.380.9970 | Brett@cbm1.com

###

CBM1’s Dave O’Connell recently completed a lease with King of Games, a retro gaming store on the second floor of a corner retail center at Western Avenue and Venice Boulevard. King of Games sells various board games, card games, and roleplaying games, ranging from traditional favorites to more obscure, niche, and specialty gaming products.

The well-located property is situated on an extremely high-traffic intersection, shared by a Food4Less grocery store, CVS pharmacy, Starbucks, Carl’s Jr, El Pollo Loco, Pizza Hut and more.

Boasting exceptionally dense population demographics, over 550,000 residents live within a 5-mile radius of the site. Additionally, the property is located a few short blocks south of the 10 freeway, close to several nearby points of interest, including Crypto.com Arena, the LA Convention Center, and USC’s central campus.

For more information, contact Dave O’Connell: Dave@cbm1.com | 818.380.9967

###

CBM1’s Jason Ehrenpreis recently completed a lease with Lumee La ceramic arts studio on a +/-910 SF ground-level retail space in a mixed-use building at the intersection of 4^th Street and Broadway in downtown Santa Monica. With Lumee La leasing the last remaining vacancy, joining Zero Latency VR Gaming Arcade and Rizo Sports Memorabilia, two new tenants also procured by Mr. Ehrenpreis, the iconic Bay Builder’s Exchange Building’s street retail compliment is now 100% occupied for the first time in nearly a decade.

Lumee La is DIY (do it yourself) arts studio hosting individuals and groups of varying sizes in the guided creation of novel art projects, including Creamee Decorations, Squishy Charms, Artistic Candles, and Pouring Art. The studio is relocating from a prior location in West Los Angeles.

The Bay Builder’s Exchange Building is landmark Spanish Colonial-style structure built in 1927. Now serving as a mixed-use commercial property, the building features second and third-story office suites above ground-floor retail space. The subject space, a former fitness studio, fronts onto 4^th street and is positioned adjacent to the hard corner.

The high-profile location is situated at the epicenter of Santa Monica’s vibrant, thriving, and diverse community. Nearby points of interest include Santa Monica Place, 3rd St Promenade, and the famed Santa Monica Pier, along with A+ retailers, Target and Trader Joe’s, and thousands of multi-family residences and corporate offices.

For more information, contact Jason Ehrenpreis: Jason@cbm1.com | 310.231.5213

###

CBM1’s Geoff Grossman recently completed a lease with Taste of the Caribbean restaurant on an +/-1,890 SF space formerly occupied by Little Coyote Pizza in a freestanding retail pad building at Los Coyotes Diagonal and Palo Verde Avenue.

Taste of the Caribbean restaurant was launched by Chef Bernard James, a native of Guyana and experienced restaurant operator who previously founded a popular Caribbean-theme eatery in Corlette, New York, before migrating to the West Coast. The Long Beach site marks Taste of the Caribbean restaurant’s second location, expanding from its first restaurant at Santa Monica Boulevard near Gower Street in the heart of Hollywood.

Positioned at the tip of a unique, triangular-shaped shopping center, situated between Los Coyotes Diagonal, Palos Verde Avenue, and Wardlow Road, the site is directly across from an enormous Ralph’s supermarket. Boasting outstanding area demographics, +/-200,000+ residents earning an average annual household income of more than $100,000 live within a 5-mile radius of the property.

For more information, contact Geoff Grossman: 310.299.4224 | Geoff@cbm1.com

###

CBM1’s Dave O’Connell recently completed a lease with XēBA BOTáNICA, a boutique skincare product maker on +/-1,340 SF street retail space on Sunset Boulevard west of Echo Park Avenue in the heart of LA’s trendy Echo Park neighborhood.

XēBA BOTáNICA, founded by Rachel Bibbee and Daniel Olvera, produces a line of organic, plant-based skincare products sold online and in exclusive branded retail shops. What began as a fun experience in home-making personal care products for the pair’s own use evolved into a startup that combined Daniel’s business and agriculture background with Rachel’s education in biology and chemistry. After years of refining and perfecting their product line – all hand-crafted in-house using organic plant-based materials and plastic-free packaging – the founding partners launched XēBA BOTáNICA in 2020. The Echo Park store is their second retail outlet, expanding from their original Pioneertown location in the high desert near Joshua Tree.

The property is situated in northeast Los Angeles, a steadily gentrifying locale marked by a surging influx of hip cafes, exclusive boutiques, and popular night spots.

For more information, contact Dave O’Connell: Dave@cbm1.com | 818.380.9967

###

CBM1’s Aaron Guido + Daniel Barriga recently completed a lease with a wellness spa on an approximately 1,040 SF retail space. The unit is situated in Marshall Plaza, a multi-building community shopping center at the major signalized intersection of 2^nd Street and G Street in San Bernardino.

A newly launched, independent local business, the wellness spa offers various health and wellness services and beauty treatments. Targeting the surrounding community, boasting 40,000+ residents within a 5-mile radius, the spa aims to capitalize on the $5 trillion wellness preservation and self-care industries.

Situated immediately off the 215 freeway amid the area’s primary retail district, Marshalls, Dollar Tree, and dd’s discount anchors the sprawling Marshall Plaza. The property’s additional A+ co-tenants include Skechers Shoe Outlet, Subway, and Taco Bell, among many more!

For more information, contact Aaron Guido: Aaron@cbm1.com | 714.769.6117 Or Daniel Barriga: Daniel@cbm1.com | 949.608.4886

###

CBM1’s Geoff Grossman + Andrea Cronin recently completed a lease with Roadside Taco restaurant and bar on a +/-1,850 SF space in the Campus Plaza shopping center close to USC’s main campus.

Roadside Taco is a popular, well-reviewed Mexican restaurant and bar known for a menu packed with an array of delicious tacos, ranging from traditional favorites to unique creations, including their famed cochinta pibil and chicken birria tacos. The eatery is also renowned for its cocktail selection, boasting over 20 custom margarita mixes and several specialty adult beverages. With the soon-to-open site on Hoover Street, Roadside Taco will celebrate the launch of its second restaurant, expanding from its original location on Ventura Boulevard in Studio City.

The site’s impeccable location, situated at the northwest corner of Hoover Street and 29^th Street, is just three blocks from USC’s central campus. USC boasts 49,000 students, 7,400 faculty members, and an additional 18,000 administrative and support staff members, collectively representing a gigantic consumer base typically known to heavily patronized area restaurants and bars.

For more information, contact Geoff Grossman: 310.299.4224 | Geoff@cbm1.com Or Andrea Cronin: 818.390.9968 | Andrea@cbm.1com

###

CBM1’s Geoff Grossman + Andrea Cronin recently completed a lease with Eggtuck quick-serve restaurant on a +/-1,350 SF space in the Campus Plaza shopping center close to USC’s main campus.

Specializing in delectable breakfast sandwiches and breakfast burritos, Eggtuck’s unique menu ranges from traditional egg, ham, and bacon sandwiches to more exotic fare, including pork + beef short ribs (mild or spicy) served on brioche buns with their signature egg sauce, and house-made sriracha aioli. Currently operating three SoCal locations, with two more (including the Figueroa + Adams site) coming soon, Eggtuck is also expanding through franchising, with two additional locations in Chicago and a third on the way. The increasingly popular eatery has nabbed the media spotlight, with recent profiles by Dine LA, Thrillist, Time Los Angeles, LA Weekly, Eater, Los Angeles Magazine, and ABC News.

Situated at the northeast corner of South Figueroa and West Adams Boulevard, Campus Plaza is less than a block from the Adams Boulevard exit off the 110 freeway, barely three-quarters of a mile from USC’s central campus, and just over a mile from the 10 + 110 freeway interchange, the LA Convention Center, and Crypto.com Arena.

USC’s 49,000 students, 7,400 faculty members, and an additional 18,000 administrative and support staff provide Campus Plaza with an enormous consumer base. The surrounding community’s population, which soars above 477,000 residents within a 5-mile radius, offers further evidence of the area’s exceptional demographics.

For more information, contact Geoff Grossman: 310.299.4224 | Geoff@cbm1.com Or Andrea Cronin: 818.390.9968 | Andrea@cbm.1com

###

CBM1’s Brett Mero + Dave O’Connell recently completed a lease with Total by Verizon cell phone store on a +/-1,118 SF space in a busy grocery-anchored retail shopping center in prime Van Nuys. Total by Verizon is a prepaid phone carrier, formerly known as TracFone, purchased by Verizon in 2022. The world’s second largest prepaid cellular service provider, Verizon operates over 700 locations nationwide, with 80+ locations in California.

The bustling community shopping center is situated at the heavily trafficked intersection of Van Nuys Boulevard and Sherman Way, with average traffic counts rising above 43,000 cars per day. In addition to the Super King Market grocery anchor, the multi-pad center hosts Jamba Juice, the Habit Burger, and Pollo Campero, with A+ neighboring tenants including Big 5 Sporting Goods, Jersey Mikes Subs, and Dunkin Donuts.

Well-located in central Van Nuys, midway between the 405 + 170 freeways, the property is surrounded by densely populated residential neighborhoods, brimming with single-family residences and massive multi-family apartment complexes. Population counts soar over 265,000 within a 5-mile radius of the property.

For more information, contact Brett Mero: Brett@cbm1.com | 818.380.9970 or Dave O’Connell: Dave@cbm1.com | 818.380.9967

###

CBM1’s Aaron Guido + Daniel Barriga recently completed a lease with master sushi chef Taiki Kuramoto for his debut solo restaurant venture, aptly named Kuramoto. The new, highly anticipated sushi restaurant will occupy a +/-1,450 retail space at Gateway Village shopping center, at the intersection of Edinger Avenue and Red Hill Avenue in prime Tustin.

Chef Taiki is a former partner in Hamamori Restaurant + Sushi Bar and a one-time executive chef at Michelin-starred Momoyama, a celebrated sushi restaurant in Orange County’s Fountain Valley community. Kuramoto is the culmination of Taiki’s 17+ year career honing his sushi-making skill to deliver what the OC Register calls: “A traditional Japanese omakase experience with modern skills and laughs by Chef Taiki.” Omakase is a Japanese phrase roughly translating to “I’ll leave it up to you.” An approach that rewards dinners with a customized menu comprised entirely of original creations expertly crafted by master Chef Taiki.

Superbly located in southwest Tustin, just north of Irvine proper, Gateway Village is surrounded by a plethora of bustling office parks and densely populated residential neighborhoods. This includes Tustin Meadows, a massive 935 single-family home residential development situated a few short blocks east of the center.

###