449 BroadwayLos Angeles, CA 90013

Property Details for 449 Broadway

Year built

1913

Construction

CONCRETE

Lot size

0.44 AC

Property size (Sq ft)

161,232 SF

Zone code

LAC2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5149-026-001

APU

5149026001

Description

This exceptional 134,498 square foot retail property, located at 449 S Broadway, Los Angeles, CA 90013, presents a unique investment opportunity. Situated at the bustling intersection of 5th Street and Broadway in the heart of downtown Los Angeles' historic shopping district, this multi-tenant retail space boasts significant foot traffic. Currently, 33,400 square feet is available. The property sits on a 0.46-acre lot (APN: 5149-026-001) and is zoned C2. Its strategic location directly across from the Pershing Square Metro stop ensures consistent customer flow. The building's mixed-use design, incorporating residential lofts above the retail spaces, provides a built-in customer base. Large, adaptable floorplates offer flexibility for a variety of retail tenants. This is a rare chance to acquire a prominent retail space in one of Los Angeles' most vibrant and historic districts. The property offers extremely attractive deal terms. Inquire for details.

• CAP approach

  CAP return

  Valuation

  6%

  $58,970,108

  6.5%

  $54,433,948

  7%

  $50,545,808

• Comparable approach

  Method

  Valuation

  Relative Method

  $47,522,808

  Geo Method

  $47,522,808

• Alternative Use

  Use

  Valuation

  Residential

  $54,433,948

  Hospitality

  $49,861,204

  Educational

  $41,483,936

  Medical

  $42,910,632

  Retail

  $64,530,564

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0485

Longitude

-118.251

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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