Millman Team Real Estate

$6,990,000
0.79 Acre Lot

4701 S Broadway, Los Angeles, California 90037

  • Commercial Sale Property Type
  • 1990 Year Built
Property Description

Park Broadway Shopping Center is a 15,470-square-foot, multi-tenant retail strip center occupying a prominent full-block position on South Broadway in Los Angeles. Situated on approximately 34,522 square feet of land, the property comprises eleven retail suites ranging from 500 to 4,939 square feet and is currently 95.48% occupied by a diverse mix of internet-resistant, service-oriented tenants. The tenant roster includes a fast-food operator, coin laundry, medical office, chiropractic practice, nail salon, wireless retailer, donut shop, insurance agency, and tax service businesses that serve daily needs and generate consistent foot traffic regardless of broader e-commerce trends. The center benefits from a generous parking ratio of 3.1 spaces per 1,000 square feet, a meaningful competitive advantage in an urban infill environment where parking is often scarce. The property is offered at $6,990,000, representing approximately $452 per square foot and a projected cap rate of 6.41% upon full implementation of the triple-net leases already in place.

Basic Details
Commercial Sale
For Sale
26660051
$6,990,000
1990
0.79 Acre
Active
Features
$0
Address Map
CA
Los Angeles
Los Angeles
90037
Broadway
4701
W119° 43' 16.7''
N34° 0' 2.4''
Broadway between 47th St and 47th Pl. Exit 101 at Vernon. East on Vernon and South on Broadway.
C42 - Downtown L.A.
S
LAC2
Additional Information
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15470
11
2026-02-25
1
Broker/Agent Information
NAI Capital Commercial Inc.
Rob Zaharia
Listing Information
CLW-C145140
CLW-X82972
Active
2026-03-05T00:29:40Z
CRMLS
: Standard
2026-02-25T00:00:00Z
Agent info
Ray Millman
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