Corner Auto Repair
For Sale
$799,000
8000 Avalon, Los Angeles, CA 90003
Corner property with two 20-foot garages, an office, and a restroom, formerly used as a tire shop.
Property Size1,101 SF
Days on Market131
Property Features for 8000 Avalon
General Information
Standard status
Active
Size
1,101 SF
Property subtype
Industrial
Building Details
Building Size
1,101 SF
Year Built
1950
Listing Agency:
Raga Realty, Inc.
(310) 424-9943
Listed By:
Rafael Arevalo · License #01273547
(310) 424-9943
Source:
Elliman
Added: Apr 22
Changed: Aug 22
Last Checked: Aug 29 at 1:23PM
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 Raga Realty, Inc.
Investment Insights
Based on property information with market context.
This corner lot automotive property includes two garages with 20-foot dimensions, plus an office and a restroom. The most recent known use was a tire shop, and the layout supports multiple automotive and general commercial possibilities. Buyer and/or agent should verify all uses and requirements with the City of Los Angeles.
Located at 8000 Avalon in Los Angeles, the property’s corner position is highlighted for visibility. Public walk, bike, and transit scores are provided as 62, 56, and 57 respectively.
In addition to the garage areas, the site is improved with dedicated office and restroom space for on-site operations. Private financing may be available on approved credit and down payment, and buyers may also use their own lender or pay cash.
Located at 8000 Avalon in Los Angeles, the property’s corner position is highlighted for visibility. Public walk, bike, and transit scores are provided as 62, 56, and 57 respectively.
In addition to the garage areas, the site is improved with dedicated office and restroom space for on-site operations. Private financing may be available on approved credit and down payment, and buyers may also use their own lender or pay cash.
Key Highlights
- Corner lot property with two 20‑foot garages, plus an office and restroom
- Year built: 1950
- Former tire shop; property offers flexibility with many uses possible
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
$27,830
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
3.48%
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%
$556,600
$556.6K
Cap Rate 7%
$397,571
$397.6K
Cap Rate 9%
$309,222
$309.2K
Market Conditions
NOI Build-Up for 1,101 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
$40.7K $36.96/SF
− Vacancy
−$936 −$0.85/SF
EGI
$39.8K $36.11/SF
− OpEx
−$11.9K −$10.83/SF
NOI
$27.8K $25.28/SF
Area
ZIP 90003
Vacancy
2.30%
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%
$556,600
Cap Rate 7%
$397,571
Cap Rate 9%
$309,222
Alternative Uses
Best Use
Retail
$397.6K
$347.9K – $463.8K
NOI $27,830 @ 7.0% cap · market cap 3.48%
Second Best
Industrial
$195.4K
$171.0K – $228.0K
NOI $13,677 @ 7.0% cap · market cap 1.71%
Theoretical Best
Apartment 5plus
$19.46M
$17.03M – $22.71M
NOI $1,362,547 @ 7.0% cap · market cap 170.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Corner property with two 20-foot garages, an office, and a restroom, formerly used as a tire shop.
Where is this auto shop located?
The property is located at 8000 Avalon Los Angeles, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Corner lot property with two 20‑foot garages, plus an office and restroom; Year built: 1950; Former tire shop; property offers flexibility with many uses possible
