Mixed-Use Property with
New
For Sale
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1822 North Broadway, Los Angeles, CA 90031
Vacant two-story asset with a restaurant/café buildout and permitted loft apartment.
Property Size2,290 SF
Price / SF$783.84
Days on Market6
Property Features for 1822 North Broadway
General Information
Standard status
Active
Size
2,290 SF
Property subtype
Mixed Use
Restaurant
Patio
Yes
Liquor License
Yes
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Stories
2
Listing Agency:
Urbanlime Real Estate
Listed By:
Lorena Tomb · License #CA
Source:
Crexi
Added: Aug 31
Changed: Sep 4
Last Checked: Sep 4 at 3:12PM
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 Urbanlime Real Estate
Investment Insights
Based on property information with market context.
This fee-simple mixed-use property contains 2,290 square feet across two stories and is delivered vacant. The ground level is configured as a restaurant/café with a Type 41 beer and wine license and an outdoor patio. Above, a permitted one-bedroom, one-bath loft-style apartment provides a distinct residential component within the building.
The property fronts North Broadway in Los Angeles, along a high-traffic commercial corridor with access to major freeways. Chinatown, DTLA’s Arts District, and other surrounding commercial areas are located just minutes away. The existing restaurant and residential layouts support owner-user, live/work, or investor-oriented positioning, subject to applicable requirements.
The property fronts North Broadway in Los Angeles, along a high-traffic commercial corridor with access to major freeways. Chinatown, DTLA’s Arts District, and other surrounding commercial areas are located just minutes away. The existing restaurant and residential layouts support owner-user, live/work, or investor-oriented positioning, subject to applicable requirements.
Key Highlights
- 2,290‑square‑foot mixed‑use property across two stories
- Vacant delivery supports flexible occupancy planning
- Ground‑floor restaurant/café buildout with Type 41 beer and wine license
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,019
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,240,380
$1.2M
Cap Rate 7%
$885,986
$886.0K
Cap Rate 9%
$689,100
$689.1K
Market Conditions
NOI Build-Up for 2,290 SF
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.
Gross rent
$84.6K $36.96/SF
− Vacancy
−$1.9K −$0.85/SF
EGI
$82.7K $36.11/SF
− OpEx
−$20.7K −$9.03/SF
NOI
$62.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,240,380
Cap Rate 7%
$885,986
Cap Rate 9%
$689,100
Alternative Uses
Best Use
Specialty Retail
$886.0K
$775.2K – $1.03M
NOI $62,019 @ 7.0% cap · market cap 3.46%
Second Best
Office B
$776.5K
$679.5K – $905.9K
NOI $54,356 @ 7.0% cap · market cap 3.03%
Theoretical Best
Multifamily LT 5
$46.39M
$40.59M – $54.13M
NOI $3,247,582 @ 7.0% cap · market cap 180.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,711
Businesses Nearby
Explore this area
Business Placement
Demographics for 90031, CA
37,333
Population
12,686
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
66%
High-School Grad
3.5 sq mi
ZIP Area
10,667
Density / Sq Mi
$62,119
Median Household Income
$34,356
Median Earnings
$1,487
Median Rent
$758,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant two-story asset with a restaurant/café buildout and permitted loft apartment.
Where is this mixed-use property located?
The property is located at 1822 North Broadway Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 2,290‑square‑foot mixed‑use property across two stories; Vacant delivery supports flexible occupancy planning; Ground‑floor restaurant/café buildout with Type 41 beer and wine license
