6556 S Western Ave - Auto Repair FOR SALE


Los Angeles, CA 90047
$950,000 USD
415-378-5464
6556 S Western Ave, Los Angeles, CA for Sale
$950,000 USD
Auto Repair - FOR SALE
1/11
null | Request Cap Rate

6556 S Western Ave
Los Angeles, CA 90047


HIGHLIGHTS

  • ±1,925 SF auto repair with ±200 SF of office space and two grade level doors (20' x 10')
  • The building is situated on a ±8,216 square foot lot, zoned C2-1VL-CPIO
  • Signalized corner building at Western and 65th is currently used as an automobile repair service shop
  • Month-to-month tenant in place paying $4,000/month and all utilities. Landlord is responsible for property taxes.
  • Leverage the flexible C2-1VL-CPIO zoning and develop a commercial property on the site
  • Contact Nicole Lu for More Information

OVERVIEW

This property consists of a ±1,925 sq.ft. building with ±200 sq.ft. of office space on a ±8,216 sq.ft. lot. Two grade level doors (20' x 10') and a gated and secure parking lot are also in place. Auto repair tenant pays $4,000 on a month-to-month lease, giving the new owner the ability to be an owner-user or landlord with stable income. Busy auto shop has steady demand for its recession-proof services. At only $115 per square foot of land, the property is priced to sell. Ask the listing agent about a state grant in place for site remediation. This site offers a savvy investor or developer a wide variety of options plus the ability to have an income-generating property during entitlement and development process. The city of Los Angeles has declared a state of emergency around homelessness and has pledged a streamlined entitlement and permitting timeline for 100% affordable projects. No parking is required for 100% affordable projects. Contact Nicole Lu for more information. Please do not disturb tenants.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$494 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,216 SF

ZONING

C2-1VL-CPIO

APN/PARCEL ID

6015-012-001

ASK ABOUT THIS PROPERTY

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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