529 BroadwayLos Angeles, CA 90013

Property Details for 529 Broadway

Year built

1928

Construction

TILT-UP CONCRETE

Lot size

0.18 AC

Property size (Sq ft)

30,916 SF

Zone code

LAC5

Property type

Retail properties

Property subtype

Retail space

APN

5149-033-007

APU

5149033007

Description

This stunning, renovated creative office space in Downtown Los Angeles' Broadway Arts Tower offers a unique loft-style environment. Located at 529 S Broadway, Los Angeles, CA 90013, this second-floor unit boasts soaring ceilings (estimated 18 feet), exposed ceilings, and blank canvas white walls with frosted glass enclosures. The space features one large open room with gray flooring, creating a modern, industrial aesthetic. The building itself is a historic gem, the first on Broadway to undergo office space renovation in nearly 80 years. Amenities include a beautifully renovated lobby with ornate wood and raw brick, a polished brass staircase, a skylight shaft, and a like-new ADA-compliant elevator. Central HVAC, 24/7 access, and pet-friendly policies are also in place. The building's exterior has been updated with new paint and canopies. New men's, women's, and handicap-accessible restrooms are available. Minimum one-year lease required

• CAP approach

  CAP return

  Valuation

  6%

  $13,404,778

  6.5%

  $12,373,641

  7%

  $11,489,810

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,815,046

  Geo Method

  $14,815,046

• Alternative Use

  Use

  Valuation

  Residential

  $10,437,630

  Hospitality

  $9,560,813

  Educational

  $7,954,484

  Medical

  $8,228,050

  Retail

  $12,373,641

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0476

Longitude

-118.252

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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