Auto use property on massive 12,000sf+ double lot with *ultra* rare licensed paint booth available in rapidly appreciating neighborhood on Broadway.
Don't miss out! This property consists of a huge double lot with 5,200sf of warehouse/auto use & retail space. Currently leased to two tenants, this property represents a rare opportunity for an owner/user or investor to capitalize on using part of the space and leasing out the rest, or possibly keeping the entire property leased as an investment.
Located in the heart of a rapidly appreciating neighborhood, this property is four blocks from the recently approved Vermont-Manchester development,
and close to many other under-construction and proposed housing and neighborhood developments. Only 3 1/2 miles from the USC campus,
4 miles from SoFi stadium and 5 miles from downtown Los Angeles, this property has huge potential for significant appreciation.
Of the two lots, the north lot consists of a ~450sf fully licensed City of LA auto paint booth. These booths are very rare and it is difficult to impossible to get the City to issue a new license. The rest of the north lot is where one of the tenants parks numerous cars. The south lot consists of a ~4700sf warehouse, the rear ~3000sf and the parking lot/paint booth is leased for $4,000/month and the front of the south side which is about ~1,700 is leased for $2,800. The front was previously leased to a retail tenant but is currently auto use. There is a small bathroom and office in the front retail space and another small bathroom and office in the warehouse space towards the rear of the property.
Easy access on broadway, this space can handle *dozens* of cars and is the ideal auto use investment in South LA.
**Buyer to do own investigation. Owner and Broker do NOT make any warranties or representations regarding the Property.**