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7902 Broadway 3,250 SF Retail Building Los Angeles, CA 90003 $1,690,000 ($520/SF)
INVESTMENT HIGHLIGHTS
- An ideal fit for both an owner-user and an investor seeking attractive net income.
EXECUTIVE SUMMARY
Generates $150,000 in gross income and $50,000 in net income per month. A fantastic owner-user opportunity, with strong income potential. Great for a 1031 Exchange. Priced attractively relative to the income it generates. Located in an area with high foot and vehicle traffic, and close to other commercial spaces. The current owner has operated the market and is now ready to pass it on—perfectly suited to meet an owner's needs.
PROPERTY FACTS In Escrow
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,250 SF
Building Class
C
Year Built
1928
Price
$1,690,000
Price Per SF
$520
Tenancy
Single
Building Height
1 Story
Building FAR
0.50
Lot Size
0.15 AC
Zoning
LAC2 - Limited Industrial and Commercial
Parking
12 Spaces (3.69 Spaces per 1,000 SF Leased)
Frontage
119’ on Broadway
AMENITIES
- Freeway Visibility
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6031-023-014 | Improvements Assessment | $249,696 |
| Land Assessment | $582,624 | Total Assessment | $832,320 |
PROPERTY TAXES
Parcel Number
6031-023-014
Land Assessment
$582,624
Improvements Assessment
$249,696
Total Assessment
$832,320
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7902 Broadway
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