For Sale
$1,350,000

8820 BroadwayLos Angeles, CA 90003

High-traffic LA auto shop, great ROI.

Overview

Added:
Dec 11, 2024
Days on market:
113
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
8820 Broadway, Los Angeles, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
8820 Broadway
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message