8820 Broadway, Los Angeles

$1,000,000

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0 Bed
0 Bath
.2 Acre
0 Garage

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.

Essential Information

MLS® #
SB24077557
Price
$1,000,000
Bathrooms
0.00
Acres
0.20
Year Built
1940
Type
Commercial Sale
Sub-Type
Special Purpose
Status
Active

Community Information

Address
8820 Broadway
Area
C37 - Metropolitan South
City
Los Angeles
County
Los Angeles
Zip Code
90003
Senior Community
N

Interior

# of Stories
1

Lot Description

0-1 Unit/Acre, Corner Lot, Near Public Transit, Value In Land

Additional Information

Date Listed
April 18th, 2024
Days on Market
28

Listing Details

Agent
Alex Carranza
Office
Keller Williams Beach Cities

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Based on information from California Regional Multiple Listing Service, Inc. as of May 17th, 2024 at 2:40am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.