$1,200,000
8820 S Broadway Los Angeles, CA 90003
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$1,200,000
Est. payment /mo
8,507 Sqft Lot
UPDATED:
11/18/2024 01:54 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24077557
HOA Y/N No
Year Built 1940
Lot Size 8,507 Sqft
Property Description
In business for over 35 years and an expansive clientele, this rare investment opportunity presents a thriving mechanic shop strategically located on Broadway, near Manchester. Boasting a coveted position in a high-traffic area, this property offers significant potential for both investors and owner-users alike. An 878 square foot building situated on an expansive 8,507 square foot lot. Currently operated as a successful owner-user auto shop, generating a monthly gross revenue of $20,000 to $25,000. Well-established within the neighborhood with a loyal clientele base. Additional income streams from three included tenants, enhancing the property's cash flow potential; $4500 for the auto shop, $2600 for auto repair, $1500 for tow/ storage, and $800 for welding. The owner does not intend to continue as a tenant post-sale, providing a seamless transition for a new owner. Property can be delivered vacant or sold in its current condition, offering an opportunity for investors to customize and enhance according to their vision. Prime location ensures enduring value and continued demand in the local market. Don't miss the chance to secure this lucrative investment or owner-user opportunity in one of the most sought-after auto corners. Whether you're an investor seeking reliable income or an entrepreneur looking to establish or expand your business, this property promises exceptional potential and enduring value. Per city, a 20 unit apartment building can be developed. Buyer to verify.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Interior
Fireplace No
Laundry None
Exterior
Present Use Commercial
Building
Lot Description 0-1 Unit/Acre, Corner Lot, Near Public Transit, Value In Land
Story 1
Water Public
Others
Tax ID 6040023012
Special Listing Condition Standard, Trust
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Listed by Alex Carranza • Keller Williams South Bay • 818-687-7632
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High State Realty
BROKER, OWNER | License ID: 02181686
BROKER, OWNER License ID: 02181686