Search
8820 S Broadway, Los Angeles, CA 90003
Image 2 for 8820 S Broadway, Los Angeles, CA 90003
Image 3 for 8820 S Broadway, Los Angeles, CA 90003
View Photos

8820 S Broadway Los Angeles, CA 90003

$1,000,000
  • -- Beds
  • -- Baths
  • 878 Sq.Ft.
For Sale
$1,000,000 Get Pre-Qualified
Map preview of 8820 S Broadway, Los Angeles, CA 90003

Property Overview: 8820 S Broadway Los Angeles, CA has -- bedrooms, -- bathrooms, 878 living square feet and 8,509 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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. 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.

Listed by Alex Carranza | BRE #02090613 | Keller Williams Beach Cities
Co-listed by Carolina Hernandez | BRE #01943679 | Keller Williams Beach Cities
Last checked: 12 minutes ago | Last updated: May 1st, 2024 | Source CRMLS | DOM: 17
Get a $3,000 Cash Reward New

Buy this home with Ardent Real Estate Group and get $3,000 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
8,509
HOA Dues
$0/mo
Year built
1940
Garage
--
Property Type:
Specialty
Status
Active
MLS#
SB24077557
City
Los Angeles
County
Los Angeles
Time on Site
20 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 8820 S Broadway

No upcoming open houses

Schedule Tour

Property Details for 8820 S Broadway

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Near Public Transit, Value In Land
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 6040023012
  • Year Built Source: Assessor
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off the 110. Cross Streets are Manchester Ave & Broadway
View more facts & features

Local Los Angeles Agent

Sale History for 8820 S Broadway

Last sold on May 21st, 2013

  • April, 2024

  • Apr 19, 2024

    Date

    Active

    CRMLS: SB24077557

    $1,000,000

    Price

  • May, 2023

  • May 1, 2023

    Date

    Expired

    CRMLS: DW22224142

    $1,500,000

    Price

  • Oct 17, 2022

    Date

    Active

    CRMLS: DW22224142

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    Investment or Owner User Opportunity with upside in a scarce Auto Corner on Broadway near Manchester. An 878sf building sitting on an 8507sf lot is currently being used as an owner-user Auto Shop, the owner grosses 20-25k/ month in the business and is well established in the neighborhood, an additional 3 tenants are included to provide extra income. Owner does NOT plan on staying as a tenant after the sale. It gives the opportunity for an owner user to occupy the space and continue with the current clientele or add a new tenant and increase the NOI. Property to be Sold As-Is Where-Is.

  • September, 2022

  • Sep 23, 2022

    Date

    Expired

    CRMLS: DW22019097

    $1,250,000

    Price

  • Jan 31, 2022

    Date

    Active

    CRMLS: DW22019097

    $125,000

    Price

  • Listing provided courtesy of CRMLS

    Great Commercial Property !!! Prime location!!! Minutes away from RAMS stadium / Downtown Los Angeles and Exposition Park!!! Easy access to 110 and 105 freeways. This property offers high visibility traffic along a busy street. This building has multi-purpose it is currently an electric shop, and also has plenty of space for parking. Currently 4 types of business operating in this 8,507 Lot.

  • May, 2013

  • May 21, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2010

  • Jul 7, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 8820 S Broadway

Assessed Value (2020): $168,891
Year Land Value Improved Value Assessed Value
2020 $146,375 $22,516 $168,891

Home Value Compared to the Market

This property vs the competition

8820 S Broadway is listed 19.03% lower than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $1138.95 per/sqft which puts the price per square foot 47.15% higher than the median price per square foot for the city of Los Angeles.

About 8820 S Broadway

Detailed summary of property

8820 S Broadway is a specialty located in Los Angeles, CA 90003 and is currently for sale. This specialty property offers -- bedrooms, -- bathrooms, roughly 878 living square feet, and sits on an approximately 8,509 square foot lot. 8820 S Broadway was first listed on ArdentRealEstateGroup.com on April 18, 2024. The homeowner is currently asking $1,000,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 19.03% lower than the median priced home. Local competing homes currently for sale include 6524 S Central Ave, 5400 S Broadway and 5314 S Broadway. While the average home in Los Angeles, CA is selling in 94 days, 8820 S Broadway has a days on market of 17 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 8820 S Broadway Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 8820 S Broadway

Public county record property details
Beds
--
Baths
--
Year built
1940
Sq. Ft.
878
Lot Size
8,506
Stories
1
Type
Auto Repair (& Related), Garage
Pool
No
Spa
No
County
Los Angeles
Lot#
55,56
APN
6040-023-012

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$580,000
Median List Price/Sq.Ft.
$580
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
38
Median Sale to List Price %
100%
Avg Days on Market
66
Loan Type
Conventional (0%), FHA (66.67%), VA (0%), Cash (0%), Other (16.67%)

Tour This Home

Buy with Ardent Real Estate Group and save $3,000.

Image Description
Contact Jon
Los Angeles Agent
Call, Text or Message
(714) 706-1823
Get a $3,000 Cash Reward New

Buy this home with Ardent Real Estate Group and get $3,000 back.

Call/Text (714) 706-1823

Homes for Sale Near 8820 S Broadway

Nearby Homes for Sale

8310 S Broadway, Los Angeles, CA 90003
$880,000
3 Beds
4 Baths
3014 Sq.Ft.
8310 S Broadway
Los Angeles, CA 90003
254 W 83rd St, Los Angeles, CA 90003
$1,125,000
-- Beds
-- Baths
4954 Sq.Ft.
254 W 83rd St
Los Angeles, CA 90003
8322 Avalon Blvd, Los Angeles, CA 90003
$999,000
-- Beds
-- Baths
1351 Sq.Ft.
8322 Avalon Blvd
Los Angeles, CA 90003
10201 S Vermont Ave, Los Angeles, CA 90044
$899,800
-- Beds
-- Baths
1620 Sq.Ft.
10201 S Vermont Ave
Los Angeles, CA 90044
226 E Florence Ave, Los Angeles, CA 90003
$1,199,000
-- Beds
-- Baths
872 Sq.Ft.
226 E Florence Ave
Los Angeles, CA 90003
1331 W Florence Ave, Los Angeles, CA 90044
$895,000
-- Beds
-- Baths
1884 Sq.Ft.
1331 W Florence Ave
Los Angeles, CA 90044
8852 S Western Ave, Los Angeles, CA 90047
$999,000
-- Beds
-- Baths
4500 Sq.Ft.
8852 S Western Ave
Los Angeles, CA 90047
11145 Raymond Ave, Los Angeles, CA 90044
$1,075,000
29 Beds
15 Baths
3563 Sq.Ft.
11145 Raymond Ave
Los Angeles, CA 90044

Recently Sold Homes Near 8820 S Broadway

8873 S Broadway, Los Angeles, CA 90003
$525,000 Last Sold Price
-- Beds
-- Baths
905 Sq.Ft.
8873 S Broadway
Los Angeles, CA 90003
8701 S Broadway, Los Angeles, CA 90003
$2,030,000 Last Sold Price
-- Beds
-- Baths
13965 Sq.Ft.
8701 S Broadway
Los Angeles, CA 90003
8612 S Broadway, Los Angeles, CA 90003
$1,545,000 Last Sold Price
-- Beds
4 Baths
7964 Sq.Ft.
8612 S Broadway
Los Angeles, CA 90003
8315 S Main St, Los Angeles, CA 90003
$2,250,000 Last Sold Price
-- Beds
-- Baths
8046 Sq.Ft.
8315 S Main St
Los Angeles, CA 90003

Related Resources to 8820 S Broadway

New Listings in 90003
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Call