Multi-Tenant Shopping
For Sale
$6,990,000
4701 Broadway, Los Angeles, CA 90037
Urban infill retail center with eleven suites, established service businesses, and on-site parking.
Property Size15,470 SF
Lot Size0.79 Acres
Price / SF$451.84
Days on Market210
Property Features for 4701 Broadway
General Information
Standard status
Active
Size
15,470 SF
Lot size
0.79 Acres
Property subtype
General Commercial
Occupancy
95%
Additional Details
Asking Price
$6,990,000
Amenities
LAC2
48 Parking Spaces.
Building Details
Year Built
1990
Tenancy
Multi
Parking Ratio
3.1 per 1,000 SF
Listing Agency:
NAI Capital Commercial Inc.
(818) 905-2400
Listed By:
Rob Zaharia
Source:
Xome
Added: Feb 1
Changed: Aug 30
Last Checked: Aug 30 at 6:24AM
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 15,470 square feet across eleven retail suites ranging from 500 to 4,939 square feet. The 1990-built property sits on approximately 34,522 square feet of land and is currently 95.48% occupied. Existing businesses include fast food, coin laundry, medical and chiropractic offices, personal care, wireless service, food service, insurance, and tax services. Triple-net leases are already in place.
The center occupies a full-block position on South Broadway in Los Angeles and includes 48 parking spaces, providing a 3.1-space-per-1,000-square-foot parking ratio. The property carries an LAC2 designation and offers a varied retail and service configuration within an established urban infill setting.
The center occupies a full-block position on South Broadway in Los Angeles and includes 48 parking spaces, providing a 3.1-space-per-1,000-square-foot parking ratio. The property carries an LAC2 designation and offers a varied retail and service configuration within an established urban infill setting.
Key Highlights
- 15,470‑square‑foot multi‑tenant retail center on approximately 34,522 square feet of land
- Eleven suites ranging from 500 to 4,939 square feet
- Current occupancy of 95.48%
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
Lease Details
95.5%
Occupancy
Multi-tenant
Tenancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Urban infill retail center with eleven suites, established service businesses, and on-site parking.
Where is this shopping center located?
The property is located at 4701 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: 15,470‑square‑foot multi‑tenant retail center on approximately 34,522 square feet of land; Eleven suites ranging from 500 to 4,939 square feet; Current occupancy of 95.48%
