Auto Shop with
For Sale
$549,000
2805 W Florence, Los Angeles, CA 90043
Former auto-repair property with front and rear parking, office space, and alley access.
Property Size800 SF
Days on Market131
Property Features for 2805 W Florence
General Information
Standard status
Active
Size
800 SF
Property subtype
Industrial
Building Details
Building Size
800 SF
Year Built
1948
Listing Agency:
Raga Realty, Inc.
(310) 424-9943
Listed By:
Rafael Arevalo · License #01273547
(310) 424-9943
Source:
Elliman
Added: Apr 22
Changed: Aug 30
Last Checked: Aug 30 at 4:08AM
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 Los Angeles commercial property includes one garage, an office, and a restroom, with parking arranged at both the front and rear. Gates serving the two access points have been refreshed, including alley access. The property was last used as an auto repair shop and was built in 1948.
Located at 2805 W Florence in Los Angeles, CA 90043, the property is near shops and residential areas, with Crenshaw Boulevard a few blocks away. WalkScore is 73, BikeScore is 52, and TransitScore is 55.
Located at 2805 W Florence in Los Angeles, CA 90043, the property is near shops and residential areas, with Crenshaw Boulevard a few blocks away. WalkScore is 73, BikeScore is 52, and TransitScore is 55.
Key Highlights
- One garage with dedicated office and restroom space
- Front and rear parking areas
- Refreshed gates at both access points, including the alley
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
$18,566
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
3.38%
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%
$371,320
$371.3K
Cap Rate 7%
$265,229
$265.2K
Cap Rate 9%
$206,289
$206.3K
Market Conditions
NOI Build-Up for 800 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
$29.6K $36.96/SF
− Vacancy
−$3.0K −$3.81/SF
EGI
$26.5K $33.15/SF
− OpEx
−$8.0K −$9.95/SF
NOI
$18.6K $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%
$371,320
Cap Rate 7%
$265,229
Cap Rate 9%
$206,289
Alternative Uses
Best Use
Retail
$265.2K
$232.1K – $309.4K
NOI $18,566 @ 7.0% cap · market cap 3.38%
Second Best
Industrial
$142.0K
$124.2K – $165.6K
NOI $9,938 @ 7.0% cap · market cap 1.81%
Theoretical Best
Multifamily LT 5
$16.21M
$14.18M – $18.91M
NOI $1,134,526 @ 7.0% cap · market cap 206.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
83k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 37%
Electronics 4%
ARCO
Shops & Services
25,148 visits/mo
0.5 miles
McDonald's
Dining
19,024 visits/mo
0.5 miles
Winchell's Donut House
Dining
8,630 visits/mo
0.2 miles
AMPM
Shops & Services
8,076 visits/mo
0.5 miles
Mobil
Shops & Services
7,837 visits/mo
0.5 miles
Demographics for 90043, CA
46,179
Population
18,307
Households
2.5
Avg Household Size
41
Median Age
31%
College-Educated
85%
High-School Grad
4.1 sq mi
ZIP Area
11,263
Density / Sq Mi
$65,496
Median Household Income
$42,077
Median Earnings
$1,424
Median Rent
$867,800
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
- Charlie Brown's Smoke Shop — 8219 s western ave, los angeles, ca 90047
- Rolling Tires & Wheels — 8222 s western ave, los angeles, ca 90047
- SomgStation — 7872 S Western Ave, Los Angeles, CA 90047
- Jc Body Shop — 8024 S Western Ave, Los Angeles, CA 90047
- Pro Service Automotive — 8024 S Western Ave SPC B, Los Angeles, CA 90047
Frequently Asked Questions
What type of property is this?
Auto shop - Former auto-repair property with front and rear parking, office space, and alley access.
Where is this auto shop located?
The property is located at 2805 W Florence Los Angeles, CA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: One garage with dedicated office and restroom space; Front and rear parking areas; Refreshed gates at both access points, including the alley
