4701 S Broadway, Los Angeles, CA 90037
List Price: $6.3M
Listing Status: Active
Original List Price: $6.99M
0Days on Market: 64
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1990
Lot Size: 34,554 sq ft
MLS Number: 26660051
About This Property
Park Broadway Shopping Center is a 15,470-square-foot, multi-tenant retail strip center occupying a prominent full-block position on South Broadway in Los Angeles. Situated on approximately 34,522 square feet of land, the property comprises eleven retail suites ranging from 500 to 4,939 square feet and is currently 95.48% occupied by a diverse mix of internet-resistant, service-oriented tenants. The tenant roster includes a fast-food operator, coin laundry, medical office, chiropractic practice, nail salon, wireless retailer, donut shop, insurance agency, and tax service businesses that serve daily needs and generate consistent foot traffic regardless of broader e-commerce trends. The center benefits from a generous parking ratio of 3.1 spaces per 1,000 square feet, a meaningful competitive advantage in an urban infill environment where parking is often scarce. The property is offered at $6,990,000, representing approximately $452 per square foot and a projected cap rate of 6.41% upon full implementation of the triple-net leases already in place.
Listing provided by: Rob Zaharia DRE #01404426 818-905-2400 rzaharia@naicapital.com, NAI Capital Commercial Inc.
Source: CRMLS, MLS #: 26660051
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.