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Taco Bell 2819 Broadway 1,734 SF Retail Building Los Angeles, CA 90031 $4,540,230 ($2,618.36/SF) 4.35% Cap Rate



Investment Highlights
- Premier urban infill location in Lincoln Heights, one of Los Angeles’ most historic and densely populated neighborhoods.
- Exceptional surrounding demographics with over 314,000 residents within a three-mile radius and strong household income levels.
- Proximity to major institutional anchors including USC’s Health Sciences Campus and Keck Hospital, reinforcing long-term area stability.
- Fully stabilized single-tenant asset net leased to Taco Bell, providing reliable and passive income.
- Highly visible position on N. Broadway just west of Griffin Avenue with strong traffic and entrenched retail demand.
- Rare entitlement advantages including a grandfathered drive-thru configuration and pylon signage no longer feasible under current zoning.
Executive Summary
Highland Partners Corp is pleased to present the opportunity to acquire 2819 N. Broadway, Los Angeles, CA 90031. This freestanding building is currently 100% net leased to Taco Bell located in Los Angeles in Los Angeles County, California.
• Located on N. Broadway just West of Griffin Avenue.
• High-density, urban infill location in Central LA (Lincoln Heights).
• Located in Lincoln Heights, one of Los Angeles’ oldest and most population dense neighborhoods.
• Over 314,000 people within a 3-mile radius with average household income exceeding $103,000.
• Urban infill locations with barriers to entry are increasingly sought after by investors looking for long-term defensive positions.
• 1.5 miles from the University of Southern California’s Health Sciences Campus, a major academic and medical hub with over 1,200 enrolled students and part of USC’s broader community serving 45,000 students across locations.
• Just steps away is Keck Hospital of USC, a nationally ranked academic medical center with 401 licensed beds.
• Irreplicable asset in a supply-constrained market: Brand-new Drive Thru configuration permitted under prior zoning regulations (now virtually impossible to approve in dense urban areas like Lincoln Heights) paired with a valuable grandfathered pylon sign providing premium visibility — new pylon signs are heavily restricted or prohibited under current City of Los Angeles sign ordinances.
• Located on N. Broadway just West of Griffin Avenue.
• High-density, urban infill location in Central LA (Lincoln Heights).
• Located in Lincoln Heights, one of Los Angeles’ oldest and most population dense neighborhoods.
• Over 314,000 people within a 3-mile radius with average household income exceeding $103,000.
• Urban infill locations with barriers to entry are increasingly sought after by investors looking for long-term defensive positions.
• 1.5 miles from the University of Southern California’s Health Sciences Campus, a major academic and medical hub with over 1,200 enrolled students and part of USC’s broader community serving 45,000 students across locations.
• Just steps away is Keck Hospital of USC, a nationally ranked academic medical center with 401 licensed beds.
• Irreplicable asset in a supply-constrained market: Brand-new Drive Thru configuration permitted under prior zoning regulations (now virtually impossible to approve in dense urban areas like Lincoln Heights) paired with a valuable grandfathered pylon sign providing premium visibility — new pylon signs are heavily restricted or prohibited under current City of Los Angeles sign ordinances.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,734 SF
Building Class
B
Year Built
1988
Price
$4,540,230
Price Per SF
$2,618.36
Cap Rate
4.35%
NOI
$197,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
R-4 - High-density Multiple-family Residential Zone
Parking
10 Spaces (5.77 Spaces per 1,000 SF Leased)
Frontage
52’ on Broadway
Amenities
- Pylon Sign
Walk Score®
Walker's Paradise (92)
Nearby Major Retailers
Property Taxes
| Parcel Number | 5204-021-003 | Improvements Assessment | $341,347 |
| Land Assessment | $711,140 | Total Assessment | $1,052,487 |
Property Taxes
Parcel Number
5204-021-003
Land Assessment
$711,140
Improvements Assessment
$341,347
Total Assessment
$1,052,487
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Taco Bell | 2819 Broadway
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