Multi-Tenant Auto Service
For Sale
$999,000
640 Manchester Avenue, Los Angeles, CA 90001
Three long-term auto service tenants plus a monthly-paying billboard support diversified income on a single site.
Property Size2,568 SF
Price / SF$389.02
Days on Market387
Property Features for 640 Manchester Avenue
General Information
Standard status
Active
Size
2,568 SF
Property subtype
General Commercial
Occupancy
100%
Building Details
Year Built
1959
Tenancy
Multi
Listing Agency:
Team Spirit Realty, Inc.
(714) 562-0404
Listed By:
Anna Park
Source:
Xome
Added: Jul 10, 2025
Changed: Jul 10
Last Checked: Jul 16 at 5:52AM
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 Team Spirit Realty, Inc.
Investment Insights
Based on property information with market context.
The property is an income-generating multi-tenant automotive site with three professional storefront operations. The tenants include an auto glass store, a smog check shop, and an auto repair shop, each described as a long-term tenant. In addition to the automotive tenants, the property includes a billboard advertisement that generates monthly revenue.
Located at 640 Manchester Avenue in Los Angeles, the site is presented as a high-traffic location. The seller’s remarks state there has never been vacancy on the property. Combined reported income from the three shops and the billboard is stated as $4,350 per month.
For investors or buyers seeking an automotive-focused income stream, the current configuration provides multiple tenant types under one ownership, with auto glass, smog certification, and repair services operating on-site. The seller also notes rents have not been raised, which may allow a new owner to review lease terms and pursue updated agreements with existing tenants. The property is being offered for sale with its established tenant lineup and ongoing billboard revenue.
Located at 640 Manchester Avenue in Los Angeles, the site is presented as a high-traffic location. The seller’s remarks state there has never been vacancy on the property. Combined reported income from the three shops and the billboard is stated as $4,350 per month.
For investors or buyers seeking an automotive-focused income stream, the current configuration provides multiple tenant types under one ownership, with auto glass, smog certification, and repair services operating on-site. The seller also notes rents have not been raised, which may allow a new owner to review lease terms and pursue updated agreements with existing tenants. The property is being offered for sale with its established tenant lineup and ongoing billboard revenue.
Key Highlights
- Three auto mechanic professional stores on one property: auto glass store, smog check shop, and auto repair shop
- All tenants are long‑term tenants and the property has never had vacancy
- Monthly income totals $4,350/month from the three shops plus a billboard that pays monthly
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 | $94.9k | $36.96 |
| − Vacancy | −$9.8k | −$3.81 |
| EGI | $85.1k | $33.15 |
| − OpEx | −$25.5k | −$9.95 |
| NOI | $59.6k | $23.21 |
2,568 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$851.4K
$745.0K – $993.3K
NOI $59,596 @ 7.0% cap · market cap 5.97%
Second Best
Industrial
$455.7K
$398.8K – $531.7K
NOI $31,901 @ 7.0% cap · market cap 3.19%
Theoretical Best
Multifamily LT 5
$52.03M
$45.52M – $60.70M
NOI $3,641,830 @ 7.0% cap · market cap 364.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
850
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90001, CA
55,859
Population
13,998
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
49%
High-School Grad
3.3 sq mi
ZIP Area
16,927
Density / Sq Mi
$60,751
Median Household Income
$30,672
Median Earnings
$1,471
Median Rent
$513,300
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
- GARCIA'S body shop — 9207 Main St, Los Angeles, CA 90003
- La Joya Auto Repair & Tire Shop — 9602 San Pedro St, Los Angeles, CA 90003
- Little Jim & Tim's — 9607 San Pedro St, Los Angeles, CA 90003
- GM Towing — 146 e colden ave, los angeles, ca 90003
- 24/7 ABSOLUTE TOWINGS — 9427 S Broadway APT 2, Los Angeles, CA 90003
Frequently Asked Questions
What type of property is this?
Auto shop - Three long-term auto service tenants plus a monthly-paying billboard support diversified income on a single site.
Where is this auto shop located?
The property is located at 640 Manchester Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three auto mechanic professional stores on one property: auto glass store, smog check shop, and auto repair shop; All tenants are long‑term tenants and the property has never had vacancy; Monthly income totals $4,350/month from the three shops plus a billboard that pays monthly
