2700 BroadwayLos Angeles, CA 90031

Property Details for 2700 Broadway

Year built

1947

Construction

TILT-UP CONCRETE

Lot size

0.24 AC

Property size (Sq ft)

10,660 SF

Zone code

LAC4

Property type

Retail properties

Property subtype

Retail space

APN

5204-016-004

APU

5204016004

Description

This exceptional ±22,000 square-foot property in Los Angeles' Lincoln Heights submarket presents a unique redevelopment opportunity. Located at the signalized corner of N Broadway and Workman Street, this three-story building offers significant visibility and accessibility, with direct access to Interstate 5 and daily traffic exceeding ±36,000 vehicles. The property boasts 10,660 square feet of ground floor space with 18.5-foot ceilings, a 10,660 square-foot basement, and a 6,500 square-foot mezzanine. Its distinctive bow truss and brick construction, along with upgraded flooring, lighting, and paint, create an appealing canvas for various retail or mixed-use developments. Zoned LA C4, this vacant building is ideal for a multitude of uses, including fitness, restaurants, medical offices, event venues, and various retail and service-based businesses. The location offers a walk score of 93, convenient public transportation, and over 200 public parking spaces within a block. Situated within an Opportunity Zone and State Enterprise Zone with a Tier 3 TOC designation, this property is perfectly positioned to capitalize on Lincoln Heights' growth trajectory. The lot size is 10,640 square feet, and the property includes one loading dock. The address is 2700 N Broadway, Los Angeles, CA 90031, APN 5204-016-004. Buyer to verify all information.

• CAP approach

  CAP return

  Valuation

  6%

  $4,622,038

  6.5%

  $4,266,497

  7%

  $3,961,747

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,108,306

  Geo Method

  $5,108,306

• Alternative Use

  Use

  Valuation

  Residential

  $3,598,950

  Hospitality

  $3,296,619

  Educational

  $2,742,748

  Medical

  $2,837,075

  Retail

  $4,266,497

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0733

Longitude

-118.214

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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