8856 Rosecrans Ave Downey, CA 90242
- Auto shops
- 18,750 SF
- 0.89 lot acres
Current Use by Public Records
- Zlok Industries / Car Alarm Supplier
- Sup- R- Shop / Mechanic
- P&J Auto Electric & Auto Repair / Oil Change Service / Auto Repair Shop
- Downey Collision Center / Auto Repair Shop
- Clarke's Machine Shop / Machine Shop
Property Details for 8856 Rosecrans Ave
- Year built
- 1976
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.89 lot acres
- Property size
- 18,750 SF
- Zone code
- DOC2*
- Property type
- Auto shops
- APN
- 6268-001-014
- APU
- 6268001014
Description
This 21,032 sq ft industrial property in Downey, CA, presents a compelling value-add or redevelopment opportunity. Located on a 0.89-acre lot at the busy intersection of Rosecrans Avenue and Lakewood Boulevard, this property boasts over 56,613 vehicles passing daily. Currently 100% occupied with two, single-story buildings constructed in 1976, the property offers significant upside potential. Current rents average $0.70 PSF MG, drastically below market rates of approximately $2.00 PSF NNN, representing a substantial increase opportunity for the new owner. The property's prime location within a dense, infill area of Los Angeles County, with approximately 800,000 residents within a 5-mile radius, makes it highly attractive for a variety of uses. Potential uses include owner-user occupancy, value-add renovations to increase rental income, or full redevelopment into commercial retail, QSR, or fast-food establishments. The property's APN is 6268-001-014. The asking price is $4,150,000, translating to $197.32 per square foot. This is a rare infill opportunity in a high-demand area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Downey
- County
- Los Angeles
- State
- California
- Longitude
- -118.144
- Latitude
- 33.9033
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
