750 Broadway Los Angeles, CA 90013
- Retail space
- 2,158 SF
- 0.05 lot acres
Current Use by Public Records
- Superior Poultry / Poultry Store
Property Details for 750 Broadway
- Year built
- 1943
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.05 lot acres
- Property size
- 2,158 SF
- Zone code
- LAC2
- Property type
- Retail space
- APN
- 5408-024-005
- APU
- 5408024005
Description
This exceptional 4,000-square-foot retail storefront, located at 750 South Broadway in the heart of Downtown Los Angeles, presents a unique opportunity. Built in 1911 and extensively renovated in 2008, this single-tenant space is a former restaurant, completely ready for immediate occupancy. The property boasts expansive windows, high ceilings, and a fully equipped, built-out kitchen, all included as part of a new lease agreement. The space is currently vacant and ready for a new tenant to move in and begin operations. This turnkey solution eliminates the need for extensive build-out costs and time delays, allowing for a swift and efficient start to your business. The property is situated in a prime location within Los Angeles County, zip code 90013, benefiting from strong demographics and significant ongoing development. The surrounding area is experiencing a substantial increase in office and residential construction, promising a growing customer base and increased foot traffic. This presents a rare chance to establish a thriving business in a vibrant and rapidly expanding urban core. The property's excellent condition and prime location make it an ideal investment for a variety of retail concepts. The included kitchen equipment and fixtures represent a significant value-add for the incoming tenant. Don't miss this chance to secure a remarkable space in one of Los Angeles' most dynamic neighborhoods.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $835,000
- 6.5%
- $770,000
- 7%
- $715,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $885,000 Current use
- MEDICAL BUILDING
- $985,000 Change: +11% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $915,000 Change: +3% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.238
- Latitude
- 34.0617
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA