8820 BroadwayLos Angeles, CA 90003

Property Details for 8820 Broadway

Year built

1940

Lot size

0.20 AC

Property size (Sq ft)

878 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Auto shops

APN

6040-023-012

APU

6040023012

Description

Prime Los Angeles auto shop, 8,507 sq ft lot, 878 sq ft building, established business generating $20,000-$25,000 monthly gross revenue, plus three additional tenants. Asking $1,350,000. Built in 1950, this multi-tenant property offers significant upside potential for owner-users or investors. Located at 8820 S Broadway, Los Angeles, CA 90003, the property boasts a high-traffic location in a developing area, making it a rare opportunity in a scarce auto corner on Broadway near Manchester. The current owner-user auto shop is well-established in the neighborhood and generates substantial income. The sale includes three additional tenants, contributing to the property's overall income stream. The current owner will not remain a tenant post-sale. The property is being sold "as-is, where-is." The lot size is 8,507 square feet, with a building size of 878 square feet. The permitted zoning is LAC2. The property features a Net Operating Income (NOI) of $44,370 and a pro-forma NOI of $92,701, resulting in a cap rate of 3.29% and a pro-forma cap rate of 6.87%. This presents a compelling investment opportunity with substantial potential for increased profitability. The asking price is $1,350,000.

• CAP approach

  CAP return

  Valuation

  6%

  $373,956

  6.5%

  $345,190

  7%

  $320,533

• Comparable approach

  Method

  Valuation

  Relative Method

  $420,740

  Geo Method

  $420,740

• Alternative Use

  Use

  Valuation

  Residential

  $291,181

  Hospitality

  $266,720

  Educational

  $221,908

  Medical

  $229,539

  Retail

  $345,190

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

33.9566

Longitude

-118.278

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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