Los Angeles, CA 90003 8820 S Broadway
$1,200,000
14 more
Presented By: Alex Carranza with Keller Williams South Bay; 818-687-7632
Home Details
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.
Presented By: Alex Carranza with Keller Williams South Bay; 818-687-7632
Interior Features for 8820 S Broadway
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 8820 S Broadway
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Business TypeAutoBody, AutoParts, AutoRepairSpecialty, AutoService, AutoWrecking
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Current UseCommercial
Days on Market124
DirectionsOff the 110. Cross Streets are Manchester Ave & Broadway
Electric On Property Y/NNo
Expected Active Date 2024-04-19
Garage Y/NNo
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet8509.0
Lot Size UnitsSquareFeet
MLS AreaC37 - Metropolitan South
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeOwner
Private PoolNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard, Trust
Standard StatusActive
StatusActive
View Y/NNo
Waterfront Y/NNo
Year Built1940
Year Built SourceAssessor
Exterior for 8820 S Broadway
Building Area Total878.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, CornerLot, NearPublicTransit, ValueInLand
Lot Size Acres0.1953
Lot Size Area8509.0
Lot Size SourceAssessor
Open Parking Y/NNo
SpaNo
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480