2924-2934 N Broadway
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2924-2934 N Broadway
7,984 SF 100% Leased Retail Building Los Angeles, CA 90031 $2,799,000 ($351/SF) 5.43% Cap Rate
Investment Highlights
- 6 Retail Spaces
- Billboard/Landmark Signage
- Frontage: 118' x 125'
- 14 Parking Spaces
- Renovated in 2020
- Prime Lincoln Heights
Executive Summary
We are pleased to present an exceptional investment opportunity with this prime retail storefront located in the highly sought-after area of Lincoln Heights. This standout asset, featuring approximately 7,984 square feet of building space, is situated on a generous 12,522 square feet of land. It includes 14 surface parking spaces, offering ample parking for both customers and staff. Originally constructed in 1930, the property has undergone thoughtful renovations in 2020 to modernize its facilities while preserving its unique architectural appeal. It is strategically positioned in an area with a high traffic count, ensuring maximum exposure for any business.
Nestled in one of the most desirable locales of Lincoln Heights, this property benefits from both its historic charm and vibrant, dynamic neighborhood. The area is renowned for its accessibility and high visibility, which is further enhanced by a significant daily traffic count of over 27,738 vehicles.
This property offers a rare combination of size, location, and accessibility, making it a highly desirable option for investors and businesses looking to capitalize on Lincoln Heights' growth and commercial appeal. The recent renovations and strategic position ensure that this property stands out as a superior choice for those seeking a presence in one of the city's most appealing districts.
This property features a prominently positioned, grandfathered billboard—a rare and valuable asset that offers unparalleled visibility and exposure. The billboard serves as a powerful advertising platform, capable of generating significant revenue or enhancing the visibility of a business located on the property. Its grandfathered status ensures compliance with regulations, making it a long-term, worry-free investment for maximizing exposure.
This retail storefront is not just a space, but a potential cornerstone for thriving retail operations in a bustling community. Its prominent location, coupled with robust traffic flows and substantial consumer exposure, makes it an ideal choice for retail businesses aiming for growth and visibility in a supportive commercial environment.
Nestled in one of the most desirable locales of Lincoln Heights, this property benefits from both its historic charm and vibrant, dynamic neighborhood. The area is renowned for its accessibility and high visibility, which is further enhanced by a significant daily traffic count of over 27,738 vehicles.
This property offers a rare combination of size, location, and accessibility, making it a highly desirable option for investors and businesses looking to capitalize on Lincoln Heights' growth and commercial appeal. The recent renovations and strategic position ensure that this property stands out as a superior choice for those seeking a presence in one of the city's most appealing districts.
This property features a prominently positioned, grandfathered billboard—a rare and valuable asset that offers unparalleled visibility and exposure. The billboard serves as a powerful advertising platform, capable of generating significant revenue or enhancing the visibility of a business located on the property. Its grandfathered status ensures compliance with regulations, making it a long-term, worry-free investment for maximizing exposure.
This retail storefront is not just a space, but a potential cornerstone for thriving retail operations in a bustling community. Its prominent location, coupled with robust traffic flows and substantial consumer exposure, makes it an ideal choice for retail businesses aiming for growth and visibility in a supportive commercial environment.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,984 SF
Building Class
C
Year Built/Renovated
1930/2020
Price
$2,799,000
Price Per SF
$351
Cap Rate
5.43%
NOI
$151,913
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.64
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
LAC4 - LAC4, suitable for a broad range of commercial activities.
Parking
14 Spaces (1.75 Spaces per 1,000 SF Leased)
Frontage
118 FT on Broadway
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score ®
Walker's Paradise (90)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 5204-024-001 | Improvements Assessment | $244,811 |
Land Assessment | $419,753 | Total Assessment | $664,564 |
PROPERTY TAXES
Parcel Number
5204-024-001
Land Assessment
$419,753
Improvements Assessment
$244,811
Total Assessment
$664,564
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2924-2934 N Broadway
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