Freestanding Auto Repair
715 Witmer St Los Angeles, CA 90017
For Sale
Contact for pricing
Freestanding automotive repair and body shop with a permitted spray booth and vehicle access to the second and roof levels.
Property Size15,688 SF
Price / SF$177.84
Days on Market2320
Property Features for 715 Witmer St
General Information
Standard status
Active
Size
15,688 SF
Property subtype
INDUSTRIAL
Listing Agency:
Dunn Property Group
(213) 580-1400
Listed By:
Mike Dunn
(213) 580-1400
Source:
Moodyscre
Added: Mar 23, 2020
Changed: Jul 27
Last Checked: Jul 28 at 4:11PM
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 Dunn Property Group
Investment Insights
Based on property information with market context.
This freestanding building is currently configured as an automotive repair/body and paint shop. The property includes a permitted spray booth for auto body repair and provides vehicle access to the second level and roof level.
Located four blocks west of the Harbor (110) Freeway, the site offers direct on-site access to support shop operations across multiple levels.
The building’s existing improvements are well-suited to an automotive repair use that benefits from on-site spray booth capacity and vehicle movement to upper levels and the roof.
Located four blocks west of the Harbor (110) Freeway, the site offers direct on-site access to support shop operations across multiple levels.
The building’s existing improvements are well-suited to an automotive repair use that benefits from on-site spray booth capacity and vehicle movement to upper levels and the roof.
Key Highlights
- Freestanding building for automotive repair/body and paint shop
- Permitted spray booth for auto body repair
- Vehicle access to the 2nd level and roof level
Financial Insights For Industrial
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 | $297.4k | $18.96 |
| − Vacancy | −$19.0k | −$1.21 |
| EGI | $278.4k | $17.75 |
| − OpEx | −$83.5k | −$5.32 |
| NOI | $194.9k | $12.42 |
15,688 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.20M
$4.55M – $6.07M
NOI $364,074 @ 7.0% cap · market cap 13.05%
Second Best
Industrial
$2.78M
$2.44M – $3.25M
NOI $194,886 @ 7.0% cap · market cap 6.99%
Theoretical Best
Multifamily LT 5
$317.83M
$278.10M – $370.80M
NOI $22,248,062 @ 7.0% cap · market cap 797.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Ncs auto body — 1612 S Burlington Ave #90006, Los Angeles, CA 90006
- Blanco Brothers Complete Auto — 1446 s union ave, los angeles, ca 90015
- DJ Auto Detail — 1700 S Bonnie Brae St, Los Angeles, CA 90006
- Nicas-Auto Service — S Burlington Ave, Los Angeles, CA 90006
- VENICE SMOG CHECK LOCATION — 1051 Venice Blvd., Los Angeles, CA 90015
Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding automotive repair and body shop with a permitted spray booth and vehicle access to the second and roof levels.
Where is this auto shop located?
The property is located at 715 Witmer St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,790,000.
What are key features of this property?
This property features: Freestanding building for automotive repair/body and paint shop; Permitted spray booth for auto body repair; Vehicle access to the 2nd level and roof level
