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    640 E Manchester Ave Los Angeles, CA 90001

    For Sale
    $1,050,000

    Investment opportunity with three auto shops and billboard.

    Lot size:
    0.20 Acres

    Property Features for 640 E Manchester Ave

    General Information

    Lot size
    0.20 Acres

    Building Details

    Year built
    1959

    Source: Team Spirit Realty, Inc. Agent Anna Park

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income Property with Auto Shops

    This income property features three auto mechanic professional stores, including an auto glass store, a smog check shop, and an auto repair shop. All tenants are long-term tenants. The property also includes a billboard advertisement that generates monthly income. The total income from all three shops and the billboard is $5000 per month. The owner has not raised rents, presenting an opportunity for a new owner to sign new leases with tenants at higher rates. The property is located in a high-traffic area and has a history of no vacancies, presenting an investment opportunity.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flaco Carburetors Auto Repair Shop Universal Smog Smog Inspection Station Rivera's Auto Glass ... Electronics Store Alco Alert Ignition ... Safety Equipment Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Five Stars Window Tint, Sears, Sabir's Auto Repair, Jm Motor Repair, El Chilango Tire Road Services

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.26364
    Latitude
    33.95997

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    FAQs

    What type of property is this?
    Auto shop - Investment opportunity with three auto shops and billboard.
    Where is this auto shop located?
    The property is located at 640 E Manchester Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - High income potential with $5000/month from 3 auto mechanic shops and a billboard.; - Opportunity to increase rental income by raising rents on long-term tenants.; - Prime location with high traffic volume.
    (714) 562-0404
    Request Owner's contact information
    640 E Manchester Ave Los Angeles, CA 90001
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    Los Angeles, CA 90001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    640 E Manchester Ave Los Angeles, CA 90001
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