Freestanding Automotive Building with
235 W 24th Street Los Angeles, CA 90007
235 W 24th Street, Los Angeles, CA, 90007
Contact for pricing
For Sale
Contact for pricing
Masonry building on fenced lot with a 10' x 12' drive-in door and 6 surface parking spaces.
Property Size4,000 SF
Lot Size0.18 Acres
Price / SF$331.25
Days on Market51
Property Features for 235 W 24th Street
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.18 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1949
Listing agency
GM Properties, Inc
(562) 762-3152
Listed by
Tyler Portman · License #CA 01919110
Source
Crexi
Added: Jun 2 Updated: Jul 22 at 2:23AM Checked: Jul 22 at 2:23AM
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 GM Properties, Inc
Investment Insights
Based on property information with market context.
Freestanding masonry automotive property offering approximately 4,000 SF on a 7,841 SF fenced lot. The site includes a 10' x 12' drive-in door, 200A power, and 6 surface parking spaces, configured for functional automotive use. Public remarks also note an established use history and a clean LADBS code enforcement record.
The property is zoned C2-2D-CPIO and is located within a Transit Priority Area, where parking minimums are waived under AB 2097. SBA 504 financing is available, and buyers should independently verify zoning, entitlements, and use eligibility with the City of Los Angeles.
The property is zoned C2-2D-CPIO and is located within a Transit Priority Area, where parking minimums are waived under AB 2097. SBA 504 financing is available, and buyers should independently verify zoning, entitlements, and use eligibility with the City of Los Angeles.
Key Highlights
- 4,000 SF freestanding masonry building built in 1949 on a 7,841 SF fenced lot
- 10' x 12' drive‑in door plus an automotive‑capable, functional configuration
- 200A power on site
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 | $147.8k | $36.96 |
| − Vacancy | −$15.2k | −$3.81 |
| EGI | $132.6k | $33.15 |
| − OpEx | −$39.8k | −$9.95 |
| NOI | $92.8k | $23.21 |
4,000 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $92,829 @ 7.0% cap · market cap 7.01%
Second Best
Industrial
$709.9K
$621.1K – $828.2K
NOI $49,690 @ 7.0% cap · market cap 3.75%
Theoretical Best
Multifamily LT 5
$81.04M
$70.91M – $94.54M
NOI $5,672,632 @ 7.0% cap · market cap 428.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Green Traffic Automotive
Auto Repair Shop
LA Auto Service, ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Dc speed shop — 339 W Jefferson Blvd, Los Angeles, CA 90007
- Wokas auto glass — 3335 S Grand Ave, Huntington Park, CA 90255
- Got em kustoms baby — 2702 San Pedro St, Los Angeles, CA 90011
- Car Wrap Los Angeles: Evolution Motorsports — 3400 S Broadway, Los Angeles, CA 90007
- Delta Mobile Brakes and Tune Ups — E Adams Blvd, Los Angeles, CA 90011
FAQs
What type of property is this?
Auto shop - Masonry building on fenced lot with a 10' x 12' drive-in door and 6 surface parking spaces.
Where is this auto shop located?
The property is located at 235 W 24th Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 4,000 SF freestanding masonry building built in 1949 on a 7,841 SF fenced lot; 10' x 12' drive‑in door plus an automotive‑capable, functional configuration; 200A power on site
