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Listed by Alex Carranza • Keller Williams South Bay
$1,200,000
Est. payment /mo
Active
8820 South Broadway Los Angeles, CA 90003
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UPDATED:
11/18/2024 03:59 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB-24077557
Year Built 1940
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
Interior
Laundry None
Building
Lot Description Value In Land, Near Public Transit, Corner Lot, 0-1 Unit/Acre
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