725 Broad AveLos Angeles, CA 90744
- Retail properties
- 600 SF
Property Details for 725 Broad Ave
- Year built
- 1953
- Construction
- WOOD
- Lot size
- 0.10 AC
- Property size (Sq ft)
- 600 SF
- Zone code
- LAC2
- Property type
- Retail properties
- Property subtype
- Auto shops
- APN
- 7423-002-016
- APU
- 7423002016
Description
This exceptional 13,679 sq ft lot in Los Angeles' Wilmington area presents a unique investment opportunity. Priced at $1,350,000, this fee-simple property boasts a 600 sq ft dispatch office within a larger yard, ideal for towing, auto sales, and dispatch operations. The property features a grandfathered permit allowing continued use for these purposes, plus other C2-zoned uses. The single-story, 1960-built structure includes asphalt paving, opaque fencing, and a convenient rolling gate access from Broad Avenue. The lot is rectangular (75' x 182'), flat, and enjoys a 9-foot ceiling height in the office. Its prime location offers easy freeway access (within 1 mile of the 110 freeway via Anaheim St). SBA and seller financing options are available for qualified buyers. This versatile property is suitable for owner-users and investors seeking a strong return in a desirable location. The property's functionality and existing infrastructure provide attractive long-term value. The existing permit for towing, auto sales, and dispatch offers immediate operational potential. This is a rare opportunity to acquire a well-situated commercial yard with significant upside.
Valuation
by PT Realty methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $218,257
- 6.5%
- $201,468
- 7%
- $187,077
-
Comparable approach
- Method
- Valuation
- Relative Method
- $482,298
- Geo Method
- $482,298
-
Alternative Use
- Use
- Valuation
- Residential
- $169,946
- Hospitality
- $155,669
- Educational
- $129,515
- Medical
- $133,969
- Retail
- $201,468
Location Insight
- City
- Wilmington
- County
- Los Angeles
- State
- California
- Latitude
- 33.7793
- Longitude
- -118.262
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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