Corner Auto Repair
For Sale
$799,000
8000 Avalon, Los Angeles, CA 90003
Corner property with two 20-foot garages, an office, and a restroom, formerly used as a tire shop.
Property Size1,101 SF
Price / SF$725.70
Days on Market181
Property Features for 8000 Avalon
General Information
Standard status
Active
Size
1,101 SF
Building Details
Year Built
1950
Listing Agency:
Raga Realty, Inc.
Listed By:
Rafael Arevalo · License #01273547
(562) 904-0404
Source:
Myfabuloushome
Added: Apr 22
Changed: Oct 9
Last Checked: Oct 7 at 3:21PM
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.
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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 corner lot automotive property includes two garages with 20-foot dimensions, plus an office and a restroom. The most recent known use was a tire shop, and the layout supports multiple automotive and general commercial possibilities. Buyer and/or agent should verify all uses and requirements with the City of Los Angeles.
Located at 8000 Avalon in Los Angeles, the property’s corner position is highlighted for visibility. Public walk, bike, and transit scores are provided as 62, 56, and 57 respectively.
In addition to the garage areas, the site is improved with dedicated office and restroom space for on-site operations. Private financing may be available on approved credit and down payment, and buyers may also use their own lender or pay cash.
Located at 8000 Avalon in Los Angeles, the property’s corner position is highlighted for visibility. Public walk, bike, and transit scores are provided as 62, 56, and 57 respectively.
In addition to the garage areas, the site is improved with dedicated office and restroom space for on-site operations. Private financing may be available on approved credit and down payment, and buyers may also use their own lender or pay cash.
Key Highlights
- Corner lot property with two 20‑foot garages, plus an office and restroom
- Year built: 1950
- Former tire shop; property offers flexibility with many uses possible
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,830
Cap Rate
3.48%
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 3.48%
Second Best
Industrial
$195.4K
$171.0K – $228.0K
NOI $13,677 @ 7.0% cap · market cap 1.71%
Theoretical Best
Apartment 5plus
$19.46M
$17.03M – $22.71M
NOI $1,362,547 @ 7.0% cap · market cap 170.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Retail in Los Angeles, CA
Similar Off Market Nearby
- TALLER GUAJACO — 1322 Waterloo St, Los Angeles, CA 90026
- Winston Auto Repair — 1507 glendale blvd, los angeles, ca 90026
- Chung Auto Repair — Scott Ave, Los Angeles, CA 90026
- Caye's Auto — 1462 Glendale Blvd, Los Angeles, CA 90026
- Ron's 24/7 On Call Road Assistance — 3409 N Glendale Blvd, Los Angeles, CA 90026
Frequently Asked Questions
What type of property is this?
Auto shop - Corner property with two 20-foot garages, an office, and a restroom, formerly used as a tire shop.
Where is this auto shop located?
The property is located at 8000 Avalon Los Angeles, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Corner lot property with two 20‑foot garages, plus an office and restroom; Year built: 1950; Former tire shop; property offers flexibility with many uses possible
