806 BroadwayLos Angeles, CA 90014

Property Details for 806 Broadway

Year built

1923

Construction

TILT-UP CONCRETE

Lot size

0.19 AC

Property size (Sq ft)

62,019 SF

Zone code

LAC5

Property type

Office properties

Property subtype

Office buildings

APN

5144-016-066

APU

5144016066

Description

This exceptional 8,400-square-foot retail property, located at 806 S Broadway in Los Angeles, CA 90014, presents a unique investment opportunity in the heart of Historic Downtown. The space is currently entirely vacant and offers flexible lease terms for multiple tenants. Divisible into units ranging from a minimum of 3,600 square feet to a maximum contiguous space of 4,800 square feet, this property caters to a variety of business needs. Situated directly next to Apple's flagship store in the Tower Theatre, this location benefits from high foot traffic and excellent visibility. The building itself has undergone substantial recent improvements, enhancing its appeal and functionality. A key feature is a fully equipped kitchen located on the second floor, adding versatility for potential tenants seeking food service or event space options. This property is ideal for retailers, event organizers, or other businesses seeking a prominent location in a vibrant and historic district of Los Angeles. The property is in Los Angeles County and offers unparalleled access to the city's bustling cultural scene and diverse population. Don't miss this chance to secure a prime retail space in one of Los Angeles's most sought-after locations.

• CAP approach

  CAP return

  Valuation

  6%

  $18,292,950

  6.5%

  $16,885,800

  7%

  $15,679,672

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,793,533

  Geo Method

  $11,793,533

• Alternative Use

  Use

  Valuation

  Residential

  $20,938,392

  Hospitality

  $19,179,456

  Educational

  $15,957,082

  Medical

  $16,505,870

  Retail

  $24,822,126

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0433

Longitude

-118.255

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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