4701 S Broadway , Los Angeles, CA 90037
$5,500,000
Est. Payment: $29,373.85/mo
0 Bed
0 Bath
15470 Sqft
Status: Active | Days on site: 22
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CLW-X7515101 - CLW-C104547
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House Description

We are pleased to present Park Broadway Shopping Center, a 15,470 SF multi-tenant retail strip center situated on a full-block, 34,553 SF parcel along one of South Los Angeles's most heavily trafficked commercial corridors. While all eleven leases are structured on a triple-net basis, current ownership has not consistently billed tenants for their full pro-rata share of CAM, taxes, and insurance, creating a substantial day-one recapture opportunity with no change in rents or occupancy required. This isn't rent growth or new leasing. It's simply collecting money tenants already owe, worth $110,060 a year in immediate NOI. The property spans the entire block face of South Broadway between W. 47th Street and W. 47th Place, delivering approximately 275 feet of uninterrupted frontage with signalized intersections at both ends providing three points of ingress and egress. The tenant roster is anchored by internet-resistant, service-oriented businesses including a fast-food operator, coin laundry, medical and chiropractic offices, nail salon, wireless retailer, donut shop, insurance agency, and tax service. At approximately 95% occupancy, several tenants have called the center home since 2015, reflecting deep community roots and consistent, dependable cash flow across the rent roll. The center offers a generous parking ratio of 3.1 spaces per 1,000square feet, a meaningful competitive advantage in an urban infill submarket where parking is often scarce. In-place rents average $2.52/SF/month against an estimated market rate of $3.05/SF/month, representing meaningful embedded upside as leases roll and month-to-month tenancies convert to market terms. Nearly 70,000 residents live within 1 mile radius with an average household size of 4 people, well above the regional average, supporting persistent, needs-based retail demand across the trade area. Positioned directly across from a high-volume Superior Grocers and minutes from the Harbor Freeway (I-110) on-ramp, the site benefits from a powerful combination of cross-shopping traffic and daily commuter visibility.

Highlights

Listed by Neema Ahadian , 310-909-5444 Marcus & Millichap , 310-909-5500. CRMLS/Multi-Regional MLS mls logo

Property Type

Commercial Sale

Lot/Acreage
0.79

Year Built

1990

County

Los Angeles

Area

C42 - Downtown L.A.

Listing ID

26921747

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Zoning:LAC2
Principal Interest
$29,374
Taxes
$3,506

Home Price

$5,500,000

Loan Details

30 yrs
7.034%

Down Payment

20%
$1,100,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$29,373.85

Principal

Taxes

Principal Taxes HOA Total
Monthly $29,373.85 $3,506.25 $0.00 $32,880.10
Yearly $352,486.19 $42,075.00 $0.00 $394,561.19
Total $10,574,585.81 $1,262,250.00 $0.00 $11,836,835.81

Today's Rates

30 Year

7.03%

20 Year

7.02%

15 Year

6.38%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-22T23:02:25.000Z

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