For Sale
$1,350,000

8820 Broadway Los Angeles, CA 90003

High-traffic LA auto shop, great ROI.

Overview

Added:
Dec 11, 2024
Days on market:
133
Prime Los Angeles auto shop, 8,507 sq ft lot, 878 sq ft building, established business generating $20,000-$25,000 monthly gross revenue, plus three additional tenants. Asking $1,350,000. Built in 1950, this multi-tenant property offers significant upside potential for owner-users or investors. Located at 8820 S Broadway, Los Angeles, CA 90003, the property boasts a high-traffic location in a developing area, making it a rare opportunity in a scarce auto corner on Broadway near Manchester. The current owner-user auto shop is well-established in the neighborhood and generates substantial income. The sale includes three additional tenants, contributing to the property's overall income stream. The current owner will not remain a tenant post-sale. The property is being sold "as-is, where-is." The lot size is 8,507 square feet, with a building size of 878 square feet. The permitted zoning is LAC2. The property features a Net Operating Income (NOI) of $44,370 and a pro-forma NOI of $92,701, resulting in a cap rate of 3.29% and a pro-forma cap rate of 6.87%. This presents a compelling investment opportunity with substantial potential for increased profitability. The asking price is $1,350,000.

Highlights

  • High-traffic location on Broadway near Manchester.
  • Development opportunity in a growth area.
  • Rare auto-oriented corner lot on Broadway near Manchester.
  • Established auto repair business generating $20,000 - $25,000 monthly gross revenue, plus three additional tenants.
  • 8,507 SF lot, 878 SF building; $1,350,000 asking price; 3.29% cap rate, 6.87% pro-forma cap rate; $44,370 NOI, $92,701 pro-forma NOI.

Property Details for 8820 Broadway

Property type
Retail properties, Auto shops
Square Feet
878 SF
Year Built
1950

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
33.95657774869
Longitude
-118.2782969031

FAQs

What type of property is this?
Retail property - High-traffic LA auto shop, great ROI.
Where is the retail property located?
The property is located at 8820 Broadway Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: High-traffic location on Broadway near Manchester.; Development opportunity in a growth area.; Rare auto-oriented corner lot on Broadway near Manchester.
How can I contact the broker?
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8820 Broadway
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