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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.
Property Type(s):
Commercial
| Last Updated | 6/25/2024 | Year Built | 1940 |
|---|---|---|---|
| Community | Metropolitan South | County | Los Angeles |
Price History
| Prior to May 20, '24 | $1,000,000 |
|---|---|
| May 20, '24 - May 20, '24 | $1,175,998 |
| May 20, '24 - May 22, '24 | $1,199,998 |
| May 22, '24 - May 22, '24 | $1,000,000 |
| May 22, '24 - May 29, '24 | $900,000 |
| May 29, '24 - Jun 17, '24 | $1,200,000 |
| Jun 17, '24 - Jun 25, '24 | $799,999 |
| Jun 25, '24 - Today | $1,200,000 |
Additional Details
| AREA | Metropolitan South |
|---|---|
| LOT | 8509 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre, Corner Lot, Near Public Transit, Value In Land |
| STORIES | 1 |
| WATER | Public |
Location
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Listed with Keller Williams South Bay
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. 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. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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