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750 South Broadway Los Angeles, CA 90013

Retail space Google Maps
2,158 SF 0.05 ac lot Built 1943
Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$640k
Range $576k – $704k (±10%)
Property ID US10-0445540

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1943
Construction TILT-UP CONCRETE
Total area 2,158 SF
Lot 0.05 ac (2,169 SF)
Zoning code LAC2
APN 5408-024-005
UPID US10-0445540

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop Butcher

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$770k
Comparable Approach Comparable
by Request
Blend (final) Blend
$640k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2019
Price N/A
2019
$1.2M
2013
Price N/A
1999
Price N/A
1988
$800,000
1969
Price N/A

Zoning & alternative use

LAC2 · Los Angeles, CA
Top alternative use upside
Medical building $985,000 +11.0%
Neighborhood: shopping center $915,000 +3.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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