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440 S Broadway - Broadway Mall 91,753 SF Specialty Building Offered For Sale in Los Angeles, CA 90013
Investment Highlights
- Owner-User Opportunity
- Strong In-Place Parking Income
- Transit-Oriented Asset
- Prime SoBro Location
- LA Global Spotlight: 2026 World Cup, 2027 Super Bowl & 2028 Olympics
Executive Summary
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire 440 S Broadway, a structured parking garage with ground-floor retail in Downtown Los Angeles. The property currently includes 128 striped parking stalls, with the potential to accommodate approximately 220 stalls through valet operation.
The building totals approximately 93,924 square feet, including 56,000 square feet dedicated to parking and approximately 35,753 square feet of commercial space. The property is currently 16% leased on the commercial side and has a parking agreement in place, offering significant upside through lease-up of the remaining vacancy.
Located in the South Broadway (“SoBro”) district at the intersection of Little Tokyo, the Theater District, and the Fashion District, the property benefits from a dense surrounding mix of office, residential, hospitality, and entertainment uses, along with strong walkability and convenient access to the broader Downtown core.
The offering presents an opportunity to acquire a centrally located parking asset with the ability to increase occupancy and improve parking revenue, while also providing longer term optionality for repositioning or alternative use as market conditions evolve.
The building totals approximately 93,924 square feet, including 56,000 square feet dedicated to parking and approximately 35,753 square feet of commercial space. The property is currently 16% leased on the commercial side and has a parking agreement in place, offering significant upside through lease-up of the remaining vacancy.
Located in the South Broadway (“SoBro”) district at the intersection of Little Tokyo, the Theater District, and the Fashion District, the property benefits from a dense surrounding mix of office, residential, hospitality, and entertainment uses, along with strong walkability and convenient access to the broader Downtown core.
The offering presents an opportunity to acquire a centrally located parking asset with the ability to increase occupancy and improve parking revenue, while also providing longer term optionality for repositioning or alternative use as market conditions evolve.
Property Facts
| Sale Type | Investment or Owner User | Lot Size | 0.45 AC |
| Property Type | Specialty | Building Size | 93,924 SF |
| Property Subtype | Parking Garage | No. Stories | 5 |
| Building Class | C | Year Built | 1984 |
| Zoning | C4 - Commercial | ||
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Parking Garage |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 93,924 SF |
| No. Stories | 5 |
| Year Built | 1984 |
| Zoning | C4 - Commercial |
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Exceptionally walkable
90/100
Exceptionally drivable
90/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5149-024-024 | Improvements Assessment | $1,532,318 |
| Land Assessment | $6,129,288 | Total Assessment | $7,661,606 |
Property Taxes
Parcel Number
5149-024-024
Land Assessment
$6,129,288
Improvements Assessment
$1,532,318
Total Assessment
$7,661,606
Contacts
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Michael Condon Jr. -
Erica Finck -
Reid Gratsch -
Kylie Rawn -
Whitney Jones -
Cushman & Wakefield
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440 S Broadway - Broadway Mall
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