Restaurant Space with
For Sale
Contact for pricing
1061 Broxton Ave, Los Angeles, CA 90024
Second-generation restaurant space with a sizable patio, functional and ready for immediate occupancy.
Property Size3,000 SF
Price / SF$0.00
Days on Market93
Property Features for 1061 Broxton Ave
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Listing Agency:
Matthews Real Estate Investment Services
Listed By:
Michael Pakravan · License #01706065 (CA)
(310) 919-5737
Source:
Matthews
Added: Jul 18
Changed: Oct 3
Last Checked: Oct 16 at 5:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services
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Investment Insights
Based on property information with market context.
This second-generation restaurant space comes available with a sizable patio and functional layout suitable for immediate occupancy. The property is presented as ready to operate, with existing build-out designed for restaurant use.
The asset is offered for sale and is located at 1061 Broxton Ave in Los Angeles, CA 90024, with prominent visibility to support walk-in and drive-by traffic.
For tenants or buyers looking for a restaurant-ready environment that includes outdoor seating space, this configuration provides a straightforward path to opening without waiting for extensive new work.
The asset is offered for sale and is located at 1061 Broxton Ave in Los Angeles, CA 90024, with prominent visibility to support walk-in and drive-by traffic.
For tenants or buyers looking for a restaurant-ready environment that includes outdoor seating space, this configuration provides a straightforward path to opening without waiting for extensive new work.
Key Highlights
- Second‑generation restaurant space available for lease
- Sizable patio included
- Functional space ready for immediate occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,247
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,624,940
$1.6M
Cap Rate 7%
$1,160,671
$1.2M
Cap Rate 9%
$902,744
$902.7K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$110.9K $36.96/SF
− Vacancy
−$2.6K −$0.85/SF
EGI
$108.3K $36.11/SF
− OpEx
−$27.1K −$9.03/SF
NOI
$81.2K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,624,940
Cap Rate 7%
$1,160,671
Cap Rate 9%
$902,744
Alternative Uses
Best Use
Specialty Retail
$1.16M
$1.02M – $1.35M
NOI $81,247 @ 7.0% cap · market cap 1,608,851.49%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$60.78M
$53.18M – $70.91M
NOI $4,254,474 @ 7.0% cap · market cap 84,247,009.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9,571
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90024, CA
52,862
Population
20,304
Households
2.6
Avg Household Size
27
Median Age
74%
College-Educated
96%
High-School Grad
3.0 sq mi
ZIP Area
17,621
Density / Sq Mi
$79,994
Median Household Income
$16,453
Median Earnings
$2,666
Median Rent
$1,434,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Second-generation restaurant space with a sizable patio, functional and ready for immediate occupancy.
Where is this conventional restaurant located?
The property is located at 1061 Broxton Ave Los Angeles, CA.
What are key features of this property?
This property features: Second‑generation restaurant space available for lease; Sizable patio included; Functional space ready for immediate occupancy
