High-Traffic Corner Lot on
For Sale
$575,000
Pending
8000 Avalon Boulevard, Los Angeles, CA 90003
Corner lot on Avalon Blvd, suitable for various businesses.
Property Size1,101 SF
Lot Size0.12 Acres
Days on Market1403
Property Features for 8000 Avalon Boulevard
General Information
Standard status
Pending
Size
1,101 SF
Lot size
0.12 Acres
Property subtype
Commercial/Industrial
Site & Location
Neighborhood
Florence
Building Details
Year Built
1950
Listing Agency:
Guardian Realty Group
(310) 978-4650
Listed By:
Jake Sheikh · License #01501258
(310) 679-2670
Source:
Exitrealty
Added: Dec 27, 2022
Changed: Oct 25
Last Checked: Oct 16 at 6:54AM
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 Guardian Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is a corner lot situated on busy Avalon Boulevard, offering high traffic and visibility. The property was last used as a tire shop, but it may suit various business types. The property size is 1,101 square feet. Prospective buyers should verify permitted uses with the city.
Key Highlights
- Super corner lot location.
- High traffic area on Avalon Blvd.
- Excellent business visibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,830
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,600
$556.6K
Cap Rate 7%
$397,571
$397.6K
Cap Rate 9%
$309,222
$309.2K
Market Conditions
NOI Build-Up for 1,101 SF
Gross rent
$40.7K $36.96/SF
− Vacancy
−$936 −$0.85/SF
EGI
$39.8K $36.11/SF
− OpEx
−$11.9K −$10.83/SF
NOI
$27.8K $25.28/SF
Area
ZIP 90003
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,600
Cap Rate 7%
$397,571
Cap Rate 9%
$309,222
Alternative Uses
Best Use
Retail
$397.6K
$347.9K – $463.8K
NOI $27,830 @ 7.0% cap · market cap 4.84%
Second Best
Industrial
$195.4K
$171.0K – $228.0K
NOI $13,677 @ 7.0% cap · market cap 2.38%
Theoretical Best
Apartment 5plus
$19.46M
$17.03M – $22.71M
NOI $1,362,547 @ 7.0% cap · market cap 236.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,541
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Los Angeles, CA
Similar Off Market Nearby
- Santa Monica Auto Electric — 8820 S Broadway, Los Angeles, CA 90003
- 1 Stop Tire Shop — 8820 S Broadway, Los Angeles, CA 90003
- Amigos Tires — 8751 San Pedro St, Los Angeles, CA 90003
- Amigos Tires & Rims — 8751 San Pedro St, Los Angeles, CA 90003
- E & D Auto Repair — 8751 San Pedro St, Los Angeles, CA 90003
Frequently Asked Questions
What type of property is this?
Auto shop - Corner lot on Avalon Blvd, suitable for various businesses.
Where is this auto shop located?
The property is located at 8000 Avalon Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Super corner lot location.; High traffic area on Avalon Blvd.; Excellent business visibility.
