The mall is the city's largest revenue source, producing $581 per square foot in sales ($296 million total) in 2010.

The tax revenue generated from the Los Cerritos Center for its host city totals to approximately $3 million a year.

The 100-acre (0.40 km2) shopping area built at Gridley Road and South Street was developed by Ernest M. Hahn, Inc. in September 1971 with the Phase I opening of the corridor from The Broadway department store (currently Macy's) to Ohrbach's (first became Mervyn's in 1987, currently a Forever 21) and J.W.

[2] At its opening, the Los Cerritos Center was one of the area's first shopping malls and was noted for its high quality maintenance and complete climate-controlled environment.

The original goal of the center was to bring thousands of dollars of sales tax revenue to the city of Cerritos.

[3] Since the end of 2015, the center has been undergoing a large-scale renovation, which brought in new anchors such as Dick's Sporting Goods and Harkins Theatres, in-line stores, remodeled interiors, new furnishings and lighting, exterior landscaping, as well as art work and overall re-branding.

In 2010, 8.5 million shoppers visited the mall with November 26 (Black Friday) marking the biggest day of the year with 79,682 visitors.