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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Investment properties
449 Broadway Los Angeles, CA 90013-1102
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-0466819
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1913
Construction
CONCRETE
Total area
161,232 SF
Lot
0.44 ac (19,358 SF)
Zoning code
LAC2
APN
5149-026-001
UPID
US10-0466819
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Fallas Stores Clothing Store Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.49M
Owner & transaction history
449 S Broadway Borrower LLC · 3 yrs held
449 S Broadway Borrower LLC
since 2022
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$9 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$206,250
Tax year 2024
Assessed value
$13,291,550
Assessed 2024
Previous assessed
$13,291,550
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$2,605,932
Assessed improvement
$10,685,618
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1913
Construction
CONCRETE
Heating
NONE
Total area
161,232 SF
Lot
0.44 ac (19,358 SF)
Zoning code
LAC2
APN
5149-026-001
UPID
US10-0466819
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CA
Zoning LAC2 · permitted uses
LAC2 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1913
Construction
CONCRETE
Heating
NONE
Lot
0.44 ac
Current owner
From public records · entity-resolved
449 S Broadway Borrower LLC
Entity
Free & Clear · 3 yrs held
Mailing address
15001 S FIGUEROA ST, GARDENA, CA 90248-1721
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2022
—
449 S Broadway Borrower LLC
445 S Broadway LLC
Correction Deed
related
—
May 19, 2017
—
449 S Broadway Borrower LLC
449 S Broadway LLC
Quit Claim Deed
$31,750,000 · Private Individual
Apr 12, 1996
—
449 S Broadway LLC
Bay Estates INC
Grant Deed
related
—
Dec 30, 1994
—
Bay Estates
Metro,assocs
Grant Deed
related
—
Mar 30, 1990
—
Metro
—
Grant Deed
related
$10,000,000 · Capital Bank NA
—
—
449 S Broadway LLC
—
Deed Of Trust
related
$5,545,000 · Bank Leumi USA
—
—
449 S Broadway LLC
—
Deed Of Trust
related
$16,000,000 · Sun Life Assurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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