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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    957 Broadway Los Angeles, CA 90012-1706

    • Grocery and convenience stores
    • 6,434 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimations
    $1,035,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6782050
    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 957 Broadway

    Year built
    1949
    Construction
    TILT-UP CONCRETE
    Lot size
    0.12 lot acres
    Property size
    6,434 SF
    Zone code
    LAC2
    Property type
    Grocery and convenience stores
    APN
    5414-008-007
    APU
    5414008007

    Description

    This exceptional offering presents three entitled mixed-use development sites in the heart of Downtown Los Angeles. Ideally situated at 957 S. Broadway, 920 S. Hill St., and 601 S. Main St., these properties boast a combined 2.4 acres and offer the potential to construct up to 854 residential units and approximately 33,591 square feet of commercial space. The sites benefit from existing tentative tract maps, simplifying the development process. With a total of 2,400 parking spaces planned, these properties are poised to capitalize on the area's revitalization and strong demand for urban living. Located in a vibrant neighborhood with high Walk Scores (93-96 out of 100) and a perfect Transit Score of 100 out of 100, residents will enjoy unparalleled access to employment centers, entertainment venues, restaurants, and retail options. The properties are also conveniently located adjacent to the planned LA Streetcar, providing excellent transit connectivity throughout Greater Los Angeles. The permitted zoning includes R5-4D, C2-4D-CDO-SN, and C2-4D, allowing for a diverse range of development possibilities. APN numbers are 5139-003-008, 5139-003-012, 5144-001-010, and 5144-001-011. This is a rare opportunity to acquire three strategically located development sites in one of Los Angeles's most dynamic and desirable neighborhoods.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,256,000
      Market price range: $1.26M - $4.39M

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.237
    Latitude
    34.0657
    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
    $12,115
    $235,781
    $112,945
    $348,726
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $3,265,000
      20,400 SF

      759 Spg St

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      View Details
    • Value Estimation
      $780,000
      27,759 SF

      777 Broadway

      FINANCIAL BUILDING • 27,759 SF
      777 Broadway, Los Angeles, CA 90012-2819
      View Details
    • Value Estimation by Request
      5,328 SF

      725 Broadway

      FINANCIAL BUILDING • 5,328 SF
      725 Broadway, Los Angeles, CA 90012-2819
      View Details
    • Value Estimation
      $2,025,000
      10,638 SF

      642 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 10,638 SF
      642 Broadway, Los Angeles, CA 90012-2838
      View Details
    • Value Estimation by Request
      608 SF

      110 1st St

      RETAIL STORES (PERSONAL SERVICES) • 608 SF
      110 1st St, Los Angeles, CA 90012-4112
      View Details
    • Value Estimation
      $3,400,000
      20,667 SF

      255 Santa Fe Ave

      RETAIL STORES (PERSONAL SERVICES) • 20,667 SF
      255 Santa Fe Ave, Los Angeles, CA 90012-4158
      View Details

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    957 Broadway
    Los Angeles, CA 90012-1706
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    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
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