Mixed-Use Building with Retail
3422 N Broadway, Los Angeles, CA 90031
For Sale
$1,100,000
Three residences include a duplex and a separate bungalow, alongside commercial space at the front of the property.
Property Size4,224 SF
Days on Market54
Property Features for 3422 N Broadway
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
T&S Brokers, Inc.
Listed By:
Samuel Tyre · License CA #01878020
Source:
Milsteinestates
Added: Sep 22
Changed: Nov 13
Last Checked: Nov 12 at 2:48PM
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.
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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 / Yr
$98,027
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
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
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 Rate 5%
$1,960,540
Cap Rate 7%
$1,400,386
Cap Rate 9%
$1,089,189
Alternative Uses
Best Use
Retail
$1.40M
$1.23M – $1.63M
NOI $98,027 @ 7.0% cap · market cap 8.91%
Second Best
Mixed Use
$1.22M
$1.07M – $1.43M
NOI $85,536 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,450 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
$758,500
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Los Angeles, CA
Properties on Market for Mixed-use properties in Los Angeles
Vacancy Rate% for Multifamily in West region
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 $1,100,000.
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
