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.
- Added:
- Jul 29, 2025
- Days on Market:
- 322
- Last Refresh:
- Jun 15 at 5:44 am
Property Features for 640 Manchester Avenue
General Information
- Standard status
- Active
- Size
- 2,568 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1959
Listing agent Anna Park
Listing office Team Spirit Realty, Inc. (714) 562-0404
Listing date Jul 29, 2025
Source Xome
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.
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
- Owner reports never raising tenants’ rent, offering potential to negotiate new leases
Overview
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.
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 | $94.9k | $36.96 |
| − Vacancy | −$9.8k | −$3.81 |
| EGI | $85.1k | $33.15 |
| − OpEx | −$25.5k | −$9.95 |
| NOI | $59.6k | $23.21 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- GRAY TOWING — 423 culver blvd, playa del rey, ca 90293
- Playa West Automotive — 8145 W Manchester Ave, Playa Del Rey, CA 90293
- Jasper Engines & Transmissions — 8145 W Manchester Ave, Playa Del Rey, CA 90293
- Window Tinting | Residential | Commercial | Marine — 322 Culver Blvd #149, Los Angeles, CA 90293
- Home window tint service — 8664 Falmouth Ave #12, Playa Del Rey, CA 90293
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.26364
- Latitude
- 33.95997
