Auto Body Shop
For Sale
$1,450,000
644 E Manchester, Los Angeles, CA 90001
Prime auto body shop location with high-visibility frontage.
Property Size2,210 SF
Price / SF$656.11
Days on Market140
Property Features for 644 E Manchester
General Information
Standard status
Active
Size
2,210 SF
Building Details
Year Built
1941
Listing Agency:
Keller Williams Realty
Listed By:
Gerry Nicks · License #01798836
(310) 375-3511
Source:
Myfabuloushome
Added: Apr 24
Changed: Sep 8
Last Checked: Sep 9 at 9:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
This property presents a prime opportunity for an auto body shop, situated in a location with high-visibility frontage on a major traffic corridor. It has an established reputation within the community for auto body and collision repair services. The property benefits from a built-in customer flow, resulting from years of automotive service activity in the area. This is a turnkey opportunity suitable for either a new or expanding shop. The location is considered very bikeable with a score of 73, very walkable with a score of 72, and has good transit with a score of 56.
Key Highlights
- Prime location with high‑visibility frontage on a major traffic corridor.
- Established reputation for auto body and collision repair.
- Turnkey opportunity** for a new or expanding shop.
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
$51,288
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
3.54%
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%
$1,025,760
$1.0M
Cap Rate 7%
$732,686
$732.7K
Cap Rate 9%
$569,867
$569.9K
Market Conditions
NOI Build-Up for 2,210 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
$81.7K $36.96/SF
− Vacancy
−$8.4K −$3.81/SF
EGI
$73.3K $33.15/SF
− OpEx
−$22.0K −$9.95/SF
NOI
$51.3K $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%
$1,025,760
Cap Rate 7%
$732,686
Cap Rate 9%
$569,867
Alternative Uses
Best Use
Retail
$732.7K
$641.1K – $854.8K
NOI $51,288 @ 7.0% cap · market cap 3.54%
Second Best
Industrial
$392.2K
$343.2K – $457.6K
NOI $27,454 @ 7.0% cap · market cap 1.89%
Theoretical Best
Multifamily LT 5
$44.77M
$39.18M – $52.24M
NOI $3,134,129 @ 7.0% cap · market cap 216.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,243
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90001, CA
55,859
Population
13,998
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
49%
High-School Grad
3.3 sq mi
ZIP Area
16,927
Density / Sq Mi
$60,751
Median Household Income
$30,672
Median Earnings
$1,471
Median Rent
$513,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Auto shop - Prime auto body shop location with high-visibility frontage.
Where is this auto shop located?
The property is located at 644 E Manchester Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Prime location with **high‑visibility frontage** on a major traffic corridor.; Established reputation for auto body and collision repair.; Turnkey opportunity** for a new or expanding shop.
