15105 Normandie AveGardena, CA 90247

Property Details for 15105 Normandie Ave

Year built

1957

Lot size

0.31 AC

Property size (Sq ft)

1,508 SF

Zone code

GAC3

Property type

Retail properties

Property subtype

Auto shops

APN

6103-001-021

APU

6103001021

Description

This exceptional Gardena investment opportunity presents a well-established tire shop situated on a substantial 0.31-acre lot (13,586 square feet, per the provided information) zoned GAC3. The property boasts a 1,508-square-foot building currently operating as a thriving tire business. This turnkey operation has been successfully run by the same owners for 18 years, cultivating a loyal customer base. The property's strategic location is surrounded by numerous residential complexes, ensuring a consistent flow of potential customers. The zoning allows for a variety of uses, presenting a compelling opportunity for a savvy investor. The existing tire shop business offers immediate income potential, while the expansive lot size and favorable zoning provide significant flexibility for future development. Consider the potential for conversion to a mini-market or other high-demand retail use, capitalizing on the dense residential population in the immediate vicinity. This is a rare chance to acquire a profitable business with substantial land in a highly desirable Gardena location. The property's strong history and prime location make it an exceptional investment opportunity with significant upside potential. The asking price is $1,790,000. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $692,796

  6.5%

  $639,504

  7%

  $593,825

• Comparable approach

  Method

  Valuation

  Relative Method

  $879,052

  Geo Method

  $879,052

• Alternative Use

  Use

  Valuation

  Residential

  $539,445

  Hospitality

  $494,129

  Educational

  $411,109

  Medical

  $425,248

  Retail

  $639,504

Location Insight

City

Gardena

County

Los Angeles

State

California

Latitude

33.8945

Longitude

-118.301

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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