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Map
$1,000,000
●
Commercial -
For Sale
8820 S Broadway
Los Angeles, CA 90003
Studio
0 Bath
878 Sqft
$4,911
Estimated Monthly
$0
HOA / Fees
About This Property
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. 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.
The manager has listed the unit size as 878 square feet.
The manager has listed the unit size as 878 square feet.
Unit Size
878Ft²
Days on Market
17 days
Land Size
-
Price per sqft
$1,139
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
1940
Listed By
Last updated: 14 days ago (MRMLSCA #SB24077557)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 19, 2024 | Listed by Keller Williams Beach Cities | $1,000,000 | |
Listed by Keller Williams Beach Cities | |||
Dec 30, 2005 | Sold to Sipriano Roa Mena | $400,000 | |
Sold to Sipriano Roa Mena |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Quadruplex
5
Beds
4
Baths
2,540 ft²
$315/ft²
$800,000
Apr 24, 2024
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
8820 South Broadway
8820 South Broadway, Los Angeles, CA 90003
- 1 Unit for Sale