7326 BroadwayLos Angeles, CA 90003

Property Details for 7326 Broadway

Year built

1953

Construction

TILT-UP CONCRETE

Lot size

0.15 AC

Property size (Sq ft)

4,500 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Retail space

APN

6031-005-006

APU

6031005006

Description

This exceptional 4,500 square foot retail space, located at 7326 South Broadway in Los Angeles, CA 90003, presents a unique investment opportunity. The entire building is currently vacant, offering a blank canvas for a wide range of commercial ventures. Previously utilized as a commercial kitchen, the property boasts significant existing improvements, including a commercial hood system, floor drains, a substantial 200+ square foot walk-in cooler, and ample office space totaling 500 square feet. Two restrooms and a comprehensive HVAC system ensure comfort and functionality. The property also features a substantial 1,900 square foot fenced yard, ideal for storage or outdoor operations. Power is supplied by a robust 200 Amp 240 Volt 3-phase system, catering to high-demand businesses. Situated in Los Angeles County with C2 zoning, this location offers excellent accessibility, being just two blocks from the 110 freeway and a short 10-minute drive from Downtown Los Angeles. The property's versatile layout and impressive features make it an ideal space for a variety of commercial uses. This is a rare opportunity to acquire a fully vacant, well-equipped commercial building in a high-traffic area with convenient freeway access. The substantial square footage and existing infrastructure provide a significant advantage for any prospective tenant or owner-operator.

• CAP approach

  CAP return

  Valuation

  6%

  $1,916,629

  6.5%

  $1,769,196

  7%

  $1,642,825

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,156,414

  Geo Method

  $2,156,414

• Alternative Use

  Use

  Valuation

  Residential

  $1,492,383

  Hospitality

  $1,367,015

  Educational

  $1,137,340

  Medical

  $1,176,455

  Retail

  $1,769,196

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

33.9729

Longitude

-118.278

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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