Mechanic Shop on High
For Sale
$798,999
1424 W Jefferson Boulevard, Los Angeles, CA 90007
Mechanic shop with bay and equipment on high-traffic street.
Property Size1,188 SF
Price / SF$672.56
Days on Market517
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
Changed: Mar 16
Last Checked: Aug 25 at 5:13AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,570
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,400
$551.4K
Cap Rate 7%
$393,857
$393.9K
Cap Rate 9%
$306,333
$306.3K
Market Conditions
NOI Build-Up for 1,188 SF
Gross rent
$43.9K $36.96/SF
− Vacancy
−$4.5K −$3.81/SF
EGI
$39.4K $33.15/SF
− OpEx
−$11.8K −$9.95/SF
NOI
$27.6K $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 Rate 5%
$551,400
Cap Rate 7%
$393,857
Cap Rate 9%
$306,333
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90007, CA
40,944
Population
14,153
Households
2.9
Avg Household Size
28
Median Age
29%
College-Educated
63%
High-School Grad
2.4 sq mi
ZIP Area
17,060
Density / Sq Mi
$36,032
Median Household Income
$21,176
Median Earnings
$1,480
Median Rent
$852,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Los Angeles, CA
Similar Off Market Nearby
- 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
- J&B Auto Repair — Los Angeles, CA 90062
Frequently Asked Questions
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
