Check Availability
$1,000,000
Commercial - For Sale

8820 S Broadway

Los Angeles, CA 90003
bedrooms
Studio
bathrooms
0 Bath
square feet
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.
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
Alex Carranza
Alex Carranza
Keller Williams Beach Cities
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
2,480 ft²
$361/ft²
$895,000 Jul 2, 2022
-
-
Commercial
Loft
-
3,014 ft²
$292/ft²
$880,000 Mar 21, 2024
-
-
Other
Loft
2.5 Baths
3,014 ft²
$292/ft²
$880,000 Apr 19, 2024
-
-
Multifamily
6 Beds
3 Baths
2,520 ft²
$323/ft²
$815,000 Jan 12, 2024
-
-
Quadruplex
5 Beds
4 Baths
2,540 ft²
$315/ft²
$800,000 Apr 24, 2024
-
-
Commercial
Loft
-
4,954 ft²
$227/ft²
$1,125,000 Jul 13, 2023
-
-

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
More about this Building
8820 South Broadway
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About South LA


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