870 N Western Ave, Los Angeles

MIG Commercial Real Estate Services proudly introduces the opportunity to purchase 870 N Western Ave, a free standing 4,594 square foot value add multi-tenant auto repair building situated on 9,044 square feet of land zoned C4-1D in Los Angeles, CA. This property presents a prime opportunity for investors to raise rents to current market rates. Owner-users can also take advantage of SBA financing by occupying at least 51% of the property and renting out the rest of the bays! Built in 1979, this property is designed to accommodate various automotive repair activities with its five bays currently 100% occupied by three tenants on a month-to-month basis below market value. The total monthly income is $11,600.00 ($2.64/PSF blended rate) on gross leases. The property features two curb cuts, one on Western Ave measuring 30 feet and the other measuring 24 feet, providing convenient ingress & egress with a gated yard.The building is equipped with five ground-level loading doors to optimize auto repair operations. The clearance height within the building is 13.5 feet, providing adequate vertical cubic space for a range of automotive repair equipment.The property benefits from its strategic location, with close proximity to major freeways like the 101 and 10, ensuring easy access for customers and suppliers. Additionally, it is just a short drive from downtown Los Angeles, a major business and entertainment hub. The area is well-served by public transportation, enhancing convenience for both employees and customers. East Hollywood is a thriving neighborhood experiencing significant development, which increases the potential for property value appreciation.