Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2913 Broadway Los Angeles, CA 90031-2602

    • Grocery and convenience stores
    • 8,362 SF
    • 0.87 lot acres
    OFF-MARKET
    Value Estimations
    $2,440,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9051734
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 2913 Broadway

    Year built
    1936
    Construction
    TILT-UP CONCRETE
    Lot size
    0.87 lot acres
    Property size
    8,362 SF
    Zone code
    LAC4
    Property type
    Grocery and convenience stores
    APN
    5204-023-027
    APU
    5204023027

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,235,000
      6.5%
      $2,985,000
      7%
      $2,770,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,435,000
      Current use
      MEDICAL BUILDING
      $3,810,000
      Change: +11% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,540,000
      Change: +3% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.211
    Latitude
    34.0742
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $63,431
    $3,773,756
    $424,409
    $4,198,165
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $9,280,000
      32,065 SF

      2511 Daly St

      GROCERY, SUPERMARKET • 32,065 SF
      2511 Daly St, Los Angeles, CA 90031-2222
      View Details
    • Value Estimation
      $1,550,000
      9,600 SF

      3000 Broadway

      GROCERY, SUPERMARKET • 9,600 SF
      3000 Broadway, Los Angeles, CA 90031-2702
      View Details
    • Value Estimation by Request
      3,293 SF

      2201 Broadway

      FINANCIAL BUILDING • 3,293 SF
      2201 Broadway, Los Angeles, CA 90031-2202
      View Details
    • Value Estimation
      $1,350,000
      5,388 SF

      3300 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 5,388 SF
      3300 Broadway, Los Angeles, CA 90031-2804
      View Details
    • Value Estimation
      $740,000
      2,323 SF

      2618 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 2,323 SF
      2618 Broadway, Los Angeles, CA 90031-2608
      View Details
    • Value Estimation
      $1,325,000
      7,905 SF

      2019 Pasadena Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,905 SF
      2019 Pasadena Ave, Los Angeles, CA 90031-1724
      View Details

    Similar Nearby for Sale

    • $849,000

      Mixed-Use Building Near Downtown LA

      Mixed-use property with residential units and a grocery store.
      3374 Griffin Ave, Los Angeles, CA 90031
      View Details
    • $47,500

      Residential Land with Amazing View

      Land with great location and amazing view.
      3104 Lincoln Park Ave, Lincoln Heights, CA 90031
      View Details
    • $1,335,000

      Lincoln Heights Development Opportunity

      Development opportunity with plans for a luxury estate and ADU.
      2830 Prewett St, Los Angeles, CA 90031
      View Details
    • $888,000

      High-Rent Multifamily Property Near Downtown

      Low-expense, high-rent generating multifamily property near downtown Los Angeles.
      2136 Keith St, Los Angeles, CA 90031
      View Details
    • $1,189,000
      4,489 SF

      Lincoln Heights Quadplex with ADU Potential

      Four units with ADU opportunity in Lincoln Heights.
      2122 Thomas St, Lincoln Heights, CA 90031
      View Details
    • $88,000
      7,469.00 Acres

      Los Angeles Land with View

      Residential lot with view near Downtown Los Angeles.
      2906 Alta St, Los Angeles, CA 90031
      View Details

    Similar Nearby for Lease

    • $2,800 /Mo

      Creative Mixed-Use Building For Rent

      Single-tenant building in Lincoln Heights with high foot traffic.
      2514 Daly St, Lincoln Heights, CA 90031
      View Details
    • Contact for pricing
      3,960 SF

      Burbank Retail Space For Lease

      Prime Burbank location, 3960 sq ft.
      331 San Fernando Blvd, Los Angeles, CA 90031
      View Details
    • $3 SF/Yr
      18,796 SF

      Commercial Commissary Kitchen for Rent

      State-of-the-art commercial kitchen with food prep and storage.
      230 Avenue 26 W, Lincoln Heights, CA 90031
      View Details
    • $0.90 SF/Yr
      22,250 SF

      Manufacturing & Warehouse Building For Rent

      Manufacturing and warehouse building with easy access to transportation.
      3816-3818 S Broadway, Los Angeles, CA 90031
      View Details
    • $2,250 /Mo
      630 SF

      Upscale Studio in Gated Community

      Modern studio in Lincoln Heights with resort-style amenities and easy commuting.
      360 W Avenue 26, Lincoln Heights, CA 90031
      View Details
    • Contact for pricing
      15,864 SF

      Industrial Space Near Dodger Stadium

      Industrial property for lease in Lincoln Heights, Los Angeles.
      352 Avenue 21 N, Lincoln Heights, CA 90031
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2913 Broadway
    Los Angeles, CA 90031-2602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.