8820 South Broadway

Los Angeles, CA 90003

$1,200,000
Price
—
Beds
878 Sq. Ft.
$1,367 / Sq. Ft.
878
Sq. Ft.
$1,367
per Sq. Ft.

Description

In business for over 35 years and an expansive clientele, this rare investment opportunity presents a thriving mechanic shop strategically located on Broadway, near Manchester. Boasting a coveted position in a high-traffic area, this property offers significant potential for both investors and owner-users alike. An 878 square foot building situated on an expansive 8,507 square foot lot. Currently operated as a successful owner-user auto shop, generating a monthly gross revenue of $20,000 to $25,000....In business for over 35 years and an expansive clientele, this rare investment opportunity presents a thriving mechanic shop strategically located on Broadway, near Manchester. Boasting a coveted position in a high-traffic area, this property offers significant potential for both investors and owner-users alike. An 878 square foot building situated on an expansive 8,507 square foot lot. Currently operated as a successful owner-user auto shop, generating a monthly gross revenue of $20,000 to $25,000. Well-established within the neighborhood with a loyal clientele base. Additional income streams from three included tenants, enhancing the property's cash flow potential; $4500 for the auto shop, $2600 for auto repair, $1500 for tow/ storage, and $800 for welding. The owner does not intend to continue as a tenant post-sale, providing a seamless transition for a new owner. Property can be delivered vacant or sold in its current condition, offering an opportunity for investors to customize and enhance according to their vision. Prime location ensures enduring value and continued demand in the local market. Don't miss the chance to secure this lucrative investment or owner-user opportunity in one of the most sought-after auto corners. Whether you're an investor seeking reliable income or an entrepreneur looking to establish or expand your business, this property promises exceptional potential and enduring value. Per city, a 20 unit apartment building can be developed. Buyer to verify.
  1. Listed by Alex Carranza • DRE #02090613 • Brokerage DRE #01854035 • Keller Williams South Bay • 818-687-7632
  2. Listed by Carolina Hernandez • DRE #01943679 • Brokerage DRE #01854035 • Keller Williams South Bay

Property Details for 8820 South Broadway

Business Type
Auto Body, Auto Parts, Auto Repair-Specialty, Auto Service, Auto Wrecking
Lot Size Source
Assessor
Building Area Total
878
Building Area Units
Square Feet
Stories Total
1
Entry Level
1
Parcel Number
6040023012
Area
Metropolitan South (C37)
LISTING UPDATED: 11/17/2024 10:12 AM

Property Details for 8820 South Broadway

StatusActive
MLS #SB24077557
Days on Market255
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1940
Lot Size0.20 AC / 8,509 SF
CountyLos Angeles County

Building Information for 8820 South Broadway

Stories1Residences-Year Built1940Lot Size0.20 AC / 8,509 SF

Property Information for 8820 South Broadway

Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Near Public Transit, Value In Land
  • Current Use: Commercial
  • Lease Considered: No
  • Land Lease: No
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Specialty

Property History for 8820 South Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8820 South Broadway

Taxable ValueLand$156,941Additions$24,140Total$181,081
Tax Record2024$2,885 ($240 / month)
Home Facts
Total Finished SqFt878 SqFtAbove Grade Finished SqFt878 SqFtStories1Lot Size8,507 SqFtStyleService StationYear Built1940ZoningLAC2CountyLOS ANGELESAPN6040-023-012

Schools near 8820 South Broadway

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Dr. Owen Lloyd Knox Elementary School
Public - K to 6
Bret Harte Preparatory Middle School
Public - 6 to 8
Academy For Multiligual Arts And Science At Mervyn M. Dymally High
Public - 9 to 12
KIPP Academy Of Opportunity
Charter - 5 to 8
Rating
School
Distance
Dr. Owen Lloyd Knox Elementary School
PublicK to 6

Bret Harte Preparatory Middle School
Public6 to 8

Academy For Multiligual Arts And Science At Mervyn M. Dymally High
Public9 to 12

KIPP Academy Of Opportunity
Charter5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 8820 South Broadway, Los Angeles, CA 90003

8820 South Broadway is a mixed use property for sale in Los Angeles, CA 90003. This property was listed for sale on April 19, 2024 by Keller Williams South Bay, it's currently listed at $1,200,000. It has been on the market for a total of 255 days and was last sold on December 8, 2005. This listing's school district is Los Angeles Unified School District. Nearby schools include Dr. Owen Lloyd Knox Elementary School, Bret Harte Preparatory Middle School and Academy For Multiligual Arts And Science At Mervyn M. Dymally High. 8820 South Broadway is a 0-bed, 0-bath, 878 sqft mixed use property built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams South Bay, Alex Carranza, DRE #02090613; Keller Williams South Bay, Carolina Hernandez, DRE #01943679

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.