Mixed-Use Building with Retail
New
For Sale
$1,199,900
3422 N Broadway, Los Angeles, CA 90031
Three residences include a duplex and a separate bungalow, alongside commercial space at the front of the property.
Property Size4,224 SF
Days on Market3
Property Features for 3422 N Broadway
General Information
Standard status
Active
Size
4,224 SF
Property subtype
MULTI_FAMILY
Property Condition
Severity
Repairs Needed
Evidence
renovation
Additional Details
Multifamily Units
3
Building Details
Building Size
4,224 SF
Year Built
1885
Listing Agency:
T&S Brokers, Inc.
Listed By:
Samuel Tyre · License #01878020
Source:
Milsteinestates
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 2:09PM
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 T&S Brokers, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property combines three residential units with three retail spaces positioned at the front. The residential component consists of a duplex and a detached bungalow. The building dates to 1885 and has received maintenance and repairs over time, without major upgrades. Any renovation or redevelopment plans should account for verification of permits, zoning, unit count, square footage, and allowable uses.
Key Highlights
- Three residential units: a duplex and a detached bungalow
- Three retail spaces occupy the front of the property
- Year built: 1885
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
$98,027
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
8.17%
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%
$1,960,540
$2.0M
Cap Rate 7%
$1,400,386
$1.4M
Cap Rate 9%
$1,089,189
$1.1M
Market Conditions
NOI Build-Up for 4,224 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
$156.1K $36.96/SF
− Vacancy
−$16.1K −$3.81/SF
EGI
$140.0K $33.15/SF
− OpEx
−$42.0K −$9.95/SF
NOI
$98.0K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,960,540
Cap Rate 7%
$1,400,386
Cap Rate 9%
$1,089,189
Alternative Uses
Best Use
Apartment 5plus
$74.68M
$65.34M – $87.12M
NOI $5,227,428 @ 7.0% cap · market cap 435.66%
Second Best
Retail
$1.40M
$1.23M – $1.63M
NOI $98,027 @ 7.0% cap · market cap 8.17%
Theoretical Best
Multifamily LT 5
$85.58M
$74.88M – $99.84M
NOI $5,990,299 @ 7.0% cap · market cap 499.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,295
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three residences include a duplex and a separate bungalow, alongside commercial space at the front of the property.
Where is this mixed-use property located?
The property is located at 3422 N Broadway Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: Three residential units: a duplex and a detached bungalow; Three retail spaces occupy the front of the property; Year built: 1885
