$1,000,000

8820 Broadway, Los Angeles 90003

8,509

Lot Size

Listing Agent
Alex Carranza - Keller Williams Beach Cities

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.

Facts & Features

MLS® # SB24077557
Price $1,000,000
Bathrooms 0.00
Lot Size 8,509
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

Amenities

Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No
# of Stories 1

Exterior

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

Additional Information

Date Listed April 18th, 2024
Days on Market 13
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentAlex Carranza
OfficeKeller Williams Beach Cities

Listing Map

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