1629 W 8th St - Auto Repair FOR SALE


Los Angeles, CA 90017
$2,150,000 USD
213-703-2300
1629 W 8th St, Los Angeles, CA for Sale
$2,150,000 USD
Auto Repair - FOR SALE
1/23
null | Request Cap Rate

1629 W 8th St
Los Angeles, CA 90017


HIGHLIGHTS

  • Excellent visibility and significant frontage on the bustling 8th Street.
  • Great accessibility with direct access to the 110 and 10 Freeways.
  • Fantastic area demographics - Near Downtown Los Angeles
  • Current month to month tenancy (The property can be delivered as vacant property) Ideal Owner-User building with tremendous visibility
  • Large office space
  • Development potential in the metropolitan are of downtown Los Angeles.

OVERVIEW

Prime Properties & Associates is pleased to offer a unique opportunity to acquire a rare auto repair and body shop business opportunity property situated in the vibrant heart of Los Angeles. This property, located on 8th Street just a block west of Lucas Street and in proximity to downtown, boasts excellent visibility and accessibility, making it an attractive choice for auto repair business owners and entrepreneurs, especially those looking to establish a spray booth operation, as the seller has obtained city zoning approval for its construction. Its strategic location near the 110 and 10 freeways provides outstanding connectivity. The property features significant frontage on the bustling 8th Street and is currently leased to a month-to-month tenant operating an auto repair shop, which includes a freestanding structure with an auto repair garage and office space. The seller is committed to delivering the site vacant for the new owner, presenting considerable development potential in the downtown Los Angeles metropolitan area.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$1,847 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Auto Repair Shop / Auto Body Shop Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Dealership, Service Station, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1932

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LAC2-1

APN/PARCEL ID

5142-016-022

ASK ABOUT THIS PROPERTY

Thomas LeePrime Properties & AssociatesMore Info
213-703-2300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Thomas LeePrime Properties & AssociatesMore Info
213-703-2300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.