8820 S Broadway Los Angeles, CA $ 1,000,000
8820 S Broadway
$ 1,000,000
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8820 S Broadway

Los Angeles, CA, 90003
$ 1,000,000
Baths0.0 Sq 878

Monthly Estimate*

$ 6,985

Listed by Keller Williams Beach Cities
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Studio

Commercial Property for sale in Los Angeles, CA

for $1,000,000. This 878 square foot building was built in 1940 on a lot size of 0.1953.

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.

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Commercial Active

Price

$ 1,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

SpecialPurpose

Lot Size

0.1953

Year Built

1940

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SB24077557

Days on Market

14

Features
Exterior
Lot Features Item01UnitAcre CornerLot NearPublicTransit ValueInLand
Water Source Public
Lot Size Area 8509.0
Spa N
Building Area Total 878.0
Lot Size Acres 0.1953
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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General
Year Built 1940
Property SubType SpecialPurpose
Business Type AutoBody AutoParts AutoRepairSpecialty AutoService AutoWrecking
County Los Angeles
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard Trust
Status Active
Directions Off the 110. Cross Streets are Manchester Ave & Broadway
City Los Angeles
View Y/N N
Senior Community Y/N N
MLS Area C37 - Metropolitan South
Lot Size Square Feet 8509.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Broadway
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 12
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Owner
Year Built Source Assessor
Property Sub Type Additional SpecialPurpose
Expected Active Date 2024-04-19
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 8820
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* Excluded Features
List By
Keller Williams Beach Cities

Broker

(310) 939-9300

Phone

Affordability Calculator

$6,985
Per Month
100%
0%
0%
Monthly Principal & Interest
$6,985
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/19/2024$1,000,000 Listed Price

Map


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8820 S Broadway, Los Angeles, CA, 90003 is a Commercial Property for sale at $1,000,000 with 878 sqft and a lot size of 0.1953. 8820 S Broadway is a studio with 0.0 baths and was built in 1940. The property's zip code is 90003 which is in Los Angeles, CA