$1,200,000
8820 S Broadway Los Angeles, CA 90003
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$1,200,000
Est. payment /mo
878 SqFt
Active
8820 S Broadway Los Angeles, CA 90003
UPDATED:
11/18/2024 02:39 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 878 sqft
Price per Sqft $1,366
MLS Listing ID CRSB24077557
HOA Y/N No
Year Built 1940
Lot Size 8,509 Sqft
Acres 0.2
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
Location
State CA
County Los Angeles
Area Listing
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 6040023012
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Listed by Alex Carranza • Keller Williams South Bay
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