For Sale
$1,550,000

723 Atlantic BlvdEast Los Angeles, CA 90022

Prime East LA Auto Shop - $1.55M

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional owner-user investment opportunity presents a 900-square-foot auto shop situated on a sizable 10,800-square-foot lot in East Los Angeles, California. Located at 723 S Atlantic Blvd, zip code 90022, this single-story building, constructed in 1940, boasts two gas pumps and is zoned LCC3*. The asking price is $1,550,000, translating to $1,722.22 per square foot. The property is ideal for an owner-operator seeking a well-established location to expand their business or for an investor looking for a strong return. The property's substantial lot size offers significant potential for future development or expansion. This sale qualifies for a 1031 exchange, providing tax advantages for eligible buyers. The property's APN is 5240-018-026 5240-018-027. This is a rare opportunity to acquire a well-positioned auto shop in a thriving Los Angeles County market. Serious inquiries are encouraged. Further details are available upon request.

Highlights

  • High-quality finishes throughout.
  • Excellent natural light in all units.
  • Prime location with high foot traffic.
  • Strong tenant base with long-term leases.
  • Below-market lease rates offer significant upside potential.

Property Details for 723 Atlantic Blvd

Property type
Retail properties, Auto shops
Square Feet
900 SF
Year Built
1940
Stories
1

Location Insight

City
East Los Angeles
County
Los Angeles
State
California
Latitude
34.0219474
Longitude
-118.1571361
723 Atlantic Blvd, East Los Angeles, California

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723 Atlantic Blvd
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