Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    551 Broadway Los Angeles, CA 90013-2301

    • Retail space
    • 25,174 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $3,775,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6484192
    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

    • Oro Shop / (Bike/Boat/Book/etc) Store
    • DavesJewelryLA / (Bike/Boat/Book/etc) Store

    Property Details for 551 Broadway

    Year built
    1923
    Construction
    TILT-UP CONCRETE
    Lot size
    0.11 lot acres
    Property size
    25,174 SF
    Zone code
    LAC5
    Property type
    Retail space
    APN
    5149-033-012
    APU
    5149033012

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,914,000
      Market price range: $4.91M - $17.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.252
    Latitude
    34.0471
    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
    $20,868
    $768,484
    $307,387
    $1,075,871
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,605,000
      9,595 SF

      430 Los Angeles St

      RETAIL STORES (PERSONAL SERVICES) • 9,595 SF
      430 Los Angeles St, Los Angeles, CA 90013-1484
      View Details
    • Value Estimation
      $1,170,000
      5,750 SF

      416 Los Angeles St

      RETAIL STORES (PERSONAL SERVICES) • 5,750 SF
      416 Los Angeles St, Los Angeles, CA 90013
      View Details
    • Value Estimation
      $4,325,000
      20,347 SF

      256 Winston St

      RETAIL STORES (PERSONAL SERVICES) • 20,347 SF
      256 Winston St, Los Angeles, CA 90013-1439
      View Details
    • Value Estimation
      $1,925,000
      9,560 SF

      420 San Pedro St, Unit 1C

      RETAIL STORES (PERSONAL SERVICES) • 9,560 SF
      420 San Pedro St, Los Angeles, CA 90013-2182
      View Details
    • Value Estimation
      $1,445,000
      4,950 SF

      347 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 4,950 SF
      347 Broadway, Los Angeles, CA 90013-1207
      View Details
    • Value Estimation
      $1,310,000
      6,000 SF

      501 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      501 Broadway, Los Angeles, CA 90013-2329
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Arts District Redevelopment Opportunity

      Three-building complex in the Arts District primed for redevelopment.
      534 Mateo St, Los Angeles, CA 90013
      View Details
    • Contact for pricing

      Renovated Mixed-Use Building in DTLA

      Fully renovated mixed-use commercial property in the heart of Downtown Los Angeles.
      510 S Broadway, Los Angeles, CA 90013
      View Details
    • Contact for pricing

      Arts District Creative Hub

      Revitalized creative hub in the vibrant Arts District.
      421- Colyton St, Los Angeles, CA 90013
      View Details
    • $153,000

      Established Flower Shop in Los Angeles

      Flourishing flower shop in downtown Los Angeles with high foot traffic.
      515 S Olive St, Los Angeles, CA 90013
      View Details
    • $5,350,000
      16,800 SF

      Two-Story Commercial Building in Los Angeles

      Two-story commercial building in Los Angeles's Toy District for sale.
      472 E 4Th St, Los Angeles, CA 90013
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,452 SF

      Retail Space For Lease

      Retail space available for lease in Los Angeles, CA.
      437 S Hill St, Los Angeles, CA 90013
      View Details
    • Contact for pricing
      45,000 SF

      Move-In Ready Retail Space Available

      Retail spaces available on multiple floors, move-in ready.
      445 S Broadway, Los Angeles, CA 90013
      View Details
    • $5 SF/Yr
      5,320 SF

      Arts District Retail/Restaurant Space

      Located in the heart of the Arts District.
      810 East 3Rd St, Los Angeles, CA 90013
      View Details
    • Contact for pricing
      2,650 SF

      Retail and Restaurant Space Available

      Retail and restaurant space with open ceilings and natural light.
      808-820 E 3Rd St, Los Angeles, CA 90013
      View Details
    • Contact for pricing

      Retail Space on South Broadway

      Retail space available for lease on South Broadway.
      347-349 S Broadway, Los Angeles, CA 90013
      View Details
    • Contact for pricing

      Retail Space in Los Angeles

      Single tenant retail space available for rent in Los Angeles.
      899 Traction Ave, Los Angeles, CA 90013
      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.
    551 Broadway
    Los Angeles, CA 90013-2301
    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.
    Sign Up Successful!
    You now have access to more from Realmo!