Mechanic Shop on High
1424 W Jefferson Boulevard Los Angeles, CA 90007
1424 W Jefferson Boulevard, Los Angeles, CA, 90007
$798,999
For Sale
$798,999
Mechanic shop with bay and equipment on high-traffic street.
Property Size1,188 SF
Price / SF$672.56
Days on Market427
Property Features for 1424 W Jefferson Boulevard
General Information
- Standard status
- Active
- Size
- 1,188 SF
Building Details
- Year Built
- 1933
Listing Agency
THE AGENT AND COMPANY
Listed by
VENNY SAUCEDO
Source
Corcoran
Added: May 21, 2025 Updated: Mar 16 at 9:09 am Checked: Mar 16 at 9:09 am
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 THE AGENT AND COMPANY
Investment Insights
Based on property information with market context.
This property is a mechanic shop situated in a prime location on a high-traffic street. The property includes a bay and double driveways. The sale includes the business and all equipment, including a car lift. The property size is 1188 square feet. It is suitable for auto shops, automotive properties, and retail properties.
Key Highlights
- Prime Location on Super High Traffic Road
- Includes Existing Mechanic Shop Business
- Sale Includes All Equipment
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.9k | $36.96 |
| − Vacancy | −$4.5k | −$3.81 |
| EGI | $39.4k | $33.15 |
| − OpEx | −$11.8k | −$9.95 |
| NOI | $27.6k | $23.21 |
1,188 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$393.9K
$344.6K – $459.5K
NOI $27,570 @ 7.0% cap · market cap 3.45%
Second Best
Industrial
$210.8K
$184.5K – $246.0K
NOI $14,758 @ 7.0% cap · market cap 1.85%
Theoretical Best
Multifamily LT 5
$24.07M
$21.06M – $28.08M
NOI $1,684,772 @ 7.0% cap · market cap 210.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Morales' Auto Repair
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- J&B Auto Repair — Los Angeles, CA 90062
- JES AUTO ELECTRIC & parts — 3905 Normandie Ave, Los Angeles, CA 90037
- 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
FAQs
What type of property is this?
Auto shop - Mechanic shop with bay and equipment on high-traffic street.
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 $798,999.
What are key features of this property?
This property features: Prime Location on Super High Traffic Road; Includes Existing Mechanic Shop Business; Sale Includes All Equipment
