8820 Broadway Los Angeles, CA 90003-3614

Property Details for 8820 Broadway

Year built

1940

Lot size

0.20 lot acres

Property size

878 SF

Zone code

LAC2

Property type

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.