731 S Broadway

23,061 SF 83% Leased Retail Building Los Angeles, CA 90014 $7,200,000 ($312.22/SF)

INVESTMENT HIGHLIGHTS

  • Newer plumbing, electrical, HVAC and fire protection services
  • Open floor plans with high ceilings
  • Newer Elevator with Rooftop Access
  • Bathrooms on each floor

EXECUTIVE SUMMARY

Located in the heart of Downtown Los Angeles and informally known as the "Family Pants" building for its blade sign, this 4 story property was originally built in 1913 and extensively remodeled in 2019. A new elevator with access to the usable rooftop space was installed, new staircases were put in place and the building systems such as electrical, plumbing and HVAC were all replaced. Additionally, some structural work was done to the property, such as adding new support beams throughout, adding a pair of bathrooms on each floor (including the basement) as well as adding fire sprinklers and fire communication systems to the whole property.
At 23,061 sq ft, the property includes a basement level that spans the entire property, a ground floor retail space that features high ceilings and a mezzanine level that connects the basement to the retail space. The second floor is mostly an open floor plan with three offices and a back patio, the third floor is currently divided into two spaces and the fourth floor features an open office space on the western side as well as a potential live work space on the eastern side of the floor. The roof top has elevator access and features decking, a storage space and amazing views of the Downtown LA skyline as well as the historic core.
The property is located along a busy stretch of Broadway between 7th and 8th streets, just steps from the Apple Flagship Store at the Tower Theater and on the same block as Ross and the new Adidas flagship. Other retailers in the immediate area include Aesop, Gentle Monster, Mykita, Urban Outfitters, Gianni and more. Thousands of residential units are located within a couple of blocks as well as several hotels. The property is a few blocks from the Pershing Square and 7th street metro stations as well as near multiple parking lots and structures.

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $450,000 $18.58
Other Income - -
Vacancy Loss $22,500 $0.93
Effective Gross Income $427,500 $17.65
Taxes $108,000 $4.46
Operating Expenses - -
Total Expenses $108,000 $4.46
Net Operating Income - -

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
23,061 SF
Building Class
C
Year Built/Renovated
1913/2019
Price
$7,200,000
Price Per SF
$312.22
Percent Leased
83%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
4.41
Lot Size
0.12 AC
Zoning
[DM4-CHC1-5] [CX4-FA] [S - [DM4-CHC1-5] [CX4-FA] [SN-CPIO-CDO]
Frontage
30’ on S Broadway

AMENITIES

  • 24 Hour Access
  • Signage
  • Tenant Controlled HVAC
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Broken Hearts Tattoo
  • Services
  • 2,000 SF
  • $1.50
  • Modified Gross
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Broken Hearts Tattoo Services 2,000 SF $1.50 Modified Gross -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 200
  • 4,110 SF
  • Office
  • -
  • Now

Full floor available with direct elevator access from the secured lobby. The unit has plenty of natural light and is mostly open space, with 2 offices in the front near the windows as well as one office in the rear near the balcony. The space features high ceilings, two private bathrooms, concrete floors, brick walls, 2 zoned HVAC and a wonderful private balcony. Its an ideal space that lends itself to many usages, such as office, creative space, photography studio, art studios and so much more.

Space Size Space Use Position Available
200 4,110 SF Office - Now

200

Size
4,110 SF
Space Use
Office
Position
-
Available
Now
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (91)

NEARBY MAJOR RETAILERS

Starbucks
Bank of America
Noodles
Fogo de Chão
Gyu-Kaku Japanese BBQ
IHOP
Cyclebar
Whole Foods
Corepower Yoga
Philz Coffee Inc

PROPERTY TAXES

  • Listing ID: 35216954

  • Date on Market: 3/21/2025

  • Last Updated:

  • Address: 731 S Broadway, Los Angeles, CA 90014