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8820 S Broadway

Los Angeles (City), CA 90003
  • $1,200,000
  • STATUS: Active
  • ON SITE: 202 Days
  • ID#: SB24077557
UPDATED: 32 min ago
$1,200,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1940
County:

School Ratings & Info

Listing Agent(s): Alex Carranza of Keller Williams South Bay (310-375-3511) and Carolina Hernandez of ()


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-09T13:32:41.123. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Swell Property. Licensed in the State of California, USA.
www.swellproperty.com/homes/149538951
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8820 S Broadway Los Angeles (City), CA 90003

  • Price: $1,200,000
  • Status: Active
  • On Site: 202 Days
  • Updated: 32 min ago
  • ID#: SB24077557
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1940
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
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.
Exterior Features

Entry Level 1 Lot Features 0-1 Unit/AcreCorner LotNear Public TransitValue In Land Sign On Property YN No

Property Features

Additional Parcels YN No Business Type Auto BodyAuto PartsAuto Repair-SpecialtyAuto ServiceAuto Wrecking Common Interest None Land Lease YN No Laundry Features None Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Property Sub Type Mixed Use Special Listing Conditions StandardTrust Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-09T13:32:41.123. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Swell Property. Licensed in the State of California, USA.
 
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Swell Property
1967 N. Coast Hwy 101
Encinitas CA, 92024
Listing Agent(s): Alex Carranza of Keller Williams South Bay (310-375-3511) and Carolina Hernandez of ()