4701 S Broadway, Los Angeles, CA 90037
4701 S Broadway, Los Angeles, CA 90037
4701 S Broadway, Los Angeles, CA 90037
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Jacqueline Case

Jacqueline Case

+1(562) 833-2523
$6,300,000
Est. payment /mo
0.79 Acres Lot
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26660051

HOA Y/N No

Year Built 1990

Lot Size 0.793 Acres

Property Description

Park Broadway Shopping Center is a 15,470-square-foot, multi-tenant retail strip center occupying a prominent full-block position on South Broadway in Los Angeles. Situated on approximately 34,522 square feet of land, the property comprises eleven retail suites ranging from 500 to 4,939 square feet and is currently 95.48% occupied by a diverse mix of internet-resistant, service-oriented tenants. The tenant roster includes a fast-food operator, coin laundry, medical office, chiropractic practice, nail salon, wireless retailer, donut shop, insurance agency, and tax service businesses that serve daily needs and generate consistent foot traffic regardless of broader e-commerce trends. The center benefits from a generous parking ratio of 3.1 spaces per 1,000 square feet, a meaningful competitive advantage in an urban infill environment where parking is often scarce. The property is offered at $6,990,000, representing approximately $452 per square foot and a projected cap rate of 6.41% upon full implementation of the triple-net leases already in place.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAC2

Interior

Fireplace No

Exterior

Total Parking Spaces 48

Building

Story 1

Others

Tax ID 5110010034

Special Listing Condition Standard

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Listed by Rob Zaharia NAI Capital Commercial Inc. #01404426

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Jacqueline Case

Jacqueline Case

+1(562) 833-2523

REALTOR® | License ID: 01329026

REALTOR® License ID: 01329026

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