Broadway Flex Space For
2300 S Broadway Los Angeles, CA
2300 S Broadway, Los Angeles, CA, 00000
Contact for pricing
For Sale
Contact for pricing
Flex space with development potential near USC and FIDM.
Property Size9,275 SF
Lot Size0.30 Acres
Price / SF$355.80
Days on Market488
Property Features for 2300 S Broadway
General Information
- Standard status
- Active
- Size
- 9,275 SF
- Lot size
- 0.30 Acres
- Property subtype
- INDUSTRIAL
Listing agency
Magic Properties, Inc.
(213) 503-8007
Listed by
Bryant T. Chung
(213) 503-8007
Source
Moodyscre
Added: Mar 21, 2025 Updated: Jul 6 at 9:41AM Checked: Jul 21 at 7:04AM
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 Magic Properties, Inc.
Investment Insights
Based on property information with market context.
This 9,275 square foot flex space property is located on Broadway in Los Angeles, California. The property features 16 parking spaces and 800 amps of power. A $420,000 renovation was completed in 2020. The property includes 1,000 square feet of free mezzanine space. It is situated one block from the Los Angeles Trade-Technical College (LATTC) expansion project and two blocks from "The Lorenzo" apartment complex, which contains 916 units. The property has significant development potential and is located near the University of Southern California (USC) and the Fashion Institute of Design & Merchandising (FIDM).
Key Highlights
- Big Development Potential! Close to Many Huge Projects
- 16 Parking Spaces available
- $420,000 Renovation Completed in 2020
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $342.8k | $36.96 |
| − Vacancy | −$35.3k | −$3.81 |
| EGI | $307.5k | $33.15 |
| − OpEx | −$92.2k | −$9.95 |
| NOI | $215.2k | $23.21 |
9,275 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.07M
$2.69M – $3.59M
NOI $215,247 @ 7.0% cap · market cap 6.52%
Second Best
Industrial
$1.65M
$1.44M – $1.92M
NOI $115,220 @ 7.0% cap · market cap 3.49%
Theoretical Best
Multifamily LT 5
$187.91M
$164.42M – $219.22M
NOI $13,153,415 @ 7.0% cap · market cap 398.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Clothing Group Inc
Industrial Manufacturer
Similar For Sale Nearby
Similar Off Market Nearby
- Four Seasons Catering — 1300 San Pedro St Suite 210, Los Angeles, CA 90015
- Savore Cuisine & Events — 3655 S Grand Ave #235, Los Angeles, CA 90007
- Ala Carte Catering Inc — 924 W Washington Blvd, Los Angeles, CA 90015
- Cater Craft Foods Inc — 924 W Washington Blvd, Los Angeles, CA 90015
- Tender Grill — 924 W Washington Blvd, Los Angeles, CA 90007
FAQs
What type of property is this?
Flex space - Flex space with development potential near USC and FIDM.
Where is this flex space located?
The property is located at 2300 S Broadway Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Big Development Potential! Close to Many Huge Projects; 16 Parking Spaces available; $420,000 Renovation Completed in 2020
