Mechanic Shop Building for
For Sale
$900,000
1424 W Jefferson Boulevard, Los Angeles, CA 90007
COMMERCIAL - Los Angeles, CA
Property Size1,188 SF
Lot Size0.07 Acres
Price / SF$757.58
Days on Market332
Property Features for 1424 W Jefferson Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LAC2
Directions
10 East Freeway, Exit Normandy make a right than make a left on Jefferson Blvd to the property it's located on the corner of Raymond and Jefferson.
Subdivision
98 - Out of Area West
Standard status
Active
APN
5040-021-001
Size
1,188 SF
Lot size
0.07 Acres
Utilities
Utilities
Electricity Available
Building Details
Year built
1933
Floors in Building
1
Building materials
Shingle Siding
Listing Agency:
Dependable Realty Services, Inc.
(661) 350-2506
Listed By:
Analia Ayala · License #01979285
(661) 350-2506
Added: Sep 28, 2025
Changed: Aug 4
Last Checked: Aug 25 at 5:06AM
MLS# 25007898
Copyright © 2026 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Offered for sale, this owner-occupied commercial building at 1424 W Jefferson Boulevard was previously used as a mechanic shop. The property is suited for an investor or owner-operator looking at a full renovation or other value-add approach, supported by its existing automotive-oriented structure. The building sits on a 0.07-acre lot and comprises approximately 1,188 square feet.
The property is located within Los Angeles County and is zoned LAC2. As presented in the listing materials, it is positioned in a busier area with access to nearby retail, dining, public transportation, and major freeways, supporting day-to-day visibility and convenience for a redevelopment plan.
For buyers considering a future tenant use, this site’s current configuration provides a practical starting point for an automotive-related redevelopment, or a broader commercial repurpose contingent on applicable approvals. Because the property is described as being ideal for renovation, prospective purchasers should plan for updating and improvements to align the space with their intended operating concept.
The property is located within Los Angeles County and is zoned LAC2. As presented in the listing materials, it is positioned in a busier area with access to nearby retail, dining, public transportation, and major freeways, supporting day-to-day visibility and convenience for a redevelopment plan.
For buyers considering a future tenant use, this site’s current configuration provides a practical starting point for an automotive-related redevelopment, or a broader commercial repurpose contingent on applicable approvals. Because the property is described as being ideal for renovation, prospective purchasers should plan for updating and improvements to align the space with their intended operating concept.
Key Highlights
- Commercial building built in 1933 with shingle siding
- Owner‑occupied property previously used as a mechanic shop
- Electricity available
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,570
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$551,400
$551.4K
Cap Rate 7%
$393,857
$393.9K
Cap Rate 9%
$306,333
$306.3K
Market Conditions
NOI Build-Up for 1,188 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.9K $36.96/SF
− Vacancy
−$4.5K −$3.81/SF
EGI
$39.4K $33.15/SF
− OpEx
−$11.8K −$9.95/SF
NOI
$27.6K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$551,400
Cap Rate 7%
$393,857
Cap Rate 9%
$306,333
Alternative Uses
Best Use
Retail
$393.9K
$344.6K – $459.5K
NOI $27,570 @ 7.0% cap · market cap 3.06%
Second Best
Industrial
$210.8K
$184.5K – $246.0K
NOI $14,758 @ 7.0% cap · market cap 1.64%
Theoretical Best
Multifamily LT 5
$24.07M
$21.06M – $28.08M
NOI $1,684,772 @ 7.0% cap · market cap 187.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- J&B Auto Repair — Los Angeles, CA 90062
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- J R Auto Electric Parts — 3905 Normandie Ave, Los Angeles, CA 90037
- Normandie Tire Shop — 3855 Normandie Ave, Los Angeles, CA 90037
- Hyundai of Downtown Los Angeles Service Department — 3850 S Figueroa St, Los Angeles, CA 90037
Frequently Asked Questions
What type of property is this?
Auto shop - Owner-occupied commercial building previously used as a mechanic shop, offered for renovation or value-add planning.
Where is this auto shop located?
The property is located at 1424 W Jefferson Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Commercial building built in 1933 with shingle siding; Owner‑occupied property previously used as a mechanic shop; Electricity available
