7201 Broadway Los Angeles, CA 90003

This 6,245 square foot, single-story strip center in Los Angeles, CA, presents a compelling value-add opportunity. Located on a signalized corner at a high-traffic intersection (Broadway and Florence Ave) with over 66,000 cars daily, this property boasts exceptional visibility and accessibility. The L-shaped center features six units currently at 58% occupancy, housing a diverse mix of tenants including food vendors, a beauty salon, and a mini-market—businesses generally considered recession-resistant. All tenants are on NNN leases with annual rent increases. Two vacant units, including a highly visible end-cap space, offer significant upside potential for owner-users or investors seeking to increase NOI. The adjacent vacant units can be leased individually or combined. The property sits on a 9,960 square foot lot, zoned C2-1CPOI, and is offered at $2,095,000 ($335.47/sq ft), representing a 5.01% cap rate on current income and a pro-forma cap rate of 8.03% upon full occupancy. The current NOI is $104,993, with a pro-forma NOI of $168,190. The property is situated in a densely populated area, with over 69,000 residents within a one-mile radius and over 1 million within a five-mile radius. Nearby national tenants include Jack in the Box, Winchell's Donuts, Burger King, McDonald's, and Pizza Hut. This is a fee-simple ownership opportunity with no ground lease. The APN is 6031-003-014.