Auto Shop with
For Sale
$499,000
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 Market176
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.
Listed By:
Rafael Arevalo · License #01273547
(310) 424-9943
Source:
Elliman
Added: Apr 22
Changed: Oct 9
Last Checked: Oct 12 at 7:20PM
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 / Yr
$18,566
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
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
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 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 3.72%
Second Best
Industrial
$142.0K
$124.2K – $165.6K
NOI $9,938 @ 7.0% cap · market cap 1.99%
Theoretical Best
Multifamily LT 5
$16.21M
$14.18M – $18.91M
NOI $1,134,526 @ 7.0% cap · market cap 227.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 $499,000.
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
