Multi-Tenant Shopping
For Sale
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4701-4725 S Broadway, Los Angeles, CA 90037
Urban infill retail center with service-oriented tenants, on-site parking, and C2-1VL-CPIO zoning.
Property Size15,470 SF
Lot Size0.79 Acres
Price / SF$451.84
Days on Market126
Property Features for 4701-4725 S Broadway
General Information
Standard status
Active
Size
15,470 SF
Lot size
0.79 Acres
Property subtype
Retail
Zoning
C2-1VL-CPIO
Occupancy
95%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$308,514
Additional Details
Asking Price
$6,990,000
Building Details
Year Built
1990
Units
11
Tenancy
Multi
Parking Ratio
3.1 per 1,000 SF
Listing Agency:
NAI Capital Commercial, Inc
Listed By:
Fariba Kavian · License #0948908
Source:
Crexi
Added: Apr 28
Changed: Aug 30
Last Checked: Aug 30 at 4:19PM
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 NAI Capital Commercial, Inc
Investment Insights
Based on property information with market context.
This multi-tenant shopping center contains approximately 15,470 square feet across 11 retail suites ranging from 500 to 4,939 square feet. Built in 1990 on approximately 34,522 square feet of land, the property is 95.48% occupied and includes triple-net leases already in place. Existing businesses span fast food, coin laundry, medical office, chiropractic services, personal care, wireless retail, food service, insurance, and tax preparation.
The center occupies 4701-4725 S. Broadway in Los Angeles and holds a full-block position along South Broadway. On-site parking is provided at a ratio of 3.1 spaces per 1,000 square feet. The property is designated C2-1VL-CPIO, offering a multi-suite retail configuration with a broad mix of established service and daily-needs operators.
The center occupies 4701-4725 S. Broadway in Los Angeles and holds a full-block position along South Broadway. On-site parking is provided at a ratio of 3.1 spaces per 1,000 square feet. The property is designated C2-1VL-CPIO, offering a multi-suite retail configuration with a broad mix of established service and daily-needs operators.
Key Highlights
- Approximately 15,470 SF shopping center on approximately 34,522 SF of land
- 11 retail suites ranging from 500 to 4,939 SF
- 95.48% occupied with triple‑net leases in place
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
$377,849
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
5.41%
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%
$7,556,980
$7.6M
Cap Rate 7%
$5,397,843
$5.4M
Cap Rate 9%
$4,198,322
$4.2M
Market Conditions
NOI Build-Up for 15,470 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
$573.6K $37.08/SF
− Vacancy
−$33.8K −$2.19/SF
EGI
$539.8K $34.89/SF
− OpEx
−$161.9K −$10.47/SF
NOI
$377.8K $24.42/SF
Area
ZIP 90037
Vacancy
5.90%
Lease Rate
$37.08 /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%
$7,556,980
Cap Rate 7%
$5,397,843
Cap Rate 9%
$4,198,322
Alternative Uses
Best Use
Retail
$5.40M
$4.72M – $6.30M
NOI $377,849 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.06M
$5.30M – $7.07M
NOI $424,320 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,439
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Urban infill retail center with service-oriented tenants, on-site parking, and C2-1VL-CPIO zoning.
Where is this shopping center located?
The property is located at 4701-4725 S Broadway Los Angeles, CA.
What is the asking price?
The asking price for this property is $6,990,000.
What are key features of this property?
This property features: Approximately 15,470 SF shopping center on approximately 34,522 SF of land; 11 retail suites ranging from 500 to 4,939 SF; 95.48% occupied with triple‑net leases in place
