4605–4619 W Pico Boulevard - Auto Repair FOR SALE


Los Angeles, CA 90019- Miracle Mile
$3,999,000 USD
818-946-0493
4605–4619 W Pico Boulevard, Los Angeles, CA for Sale
$3,999,000 USD
Auto Repair - FOR SALE
1/53
null | Request Cap Rate

4605–4619 W Pico Boulevard
Los Angeles, CA 90019
Miracle Mile


HIGHLIGHTS

  • Seize a one-of-a-kind business chance to own a turnkey auto body shop with a business opportunity sold separately.
  • Perfect for an owner/user, currently operating as an auto-repair shop with a ready-to-use spray booth and excellent frontage on Pico Boulevard.
  • Encompassing a three-parcel site totaling 16,254 square feet, an expansive lot with 12 on-site parking spots.
  • Ideal for redevelopment with C4-1-O zoning in a tier 1 TOC, unlocking the potential to build 59 units to utilize the TOC benefits.
  • 4605–4619 W Pico Boulevard is meticulously maintained, with over $400,000 spent on modernizing the building and property.

OVERVIEW

Coldwell Banker is happy to present a wonderful opportunity in the Mid-Wilshire Miracle Mile area in Los Angeles. This property consists of three contiguous parcels located at 4605, 4615, and 4619 West Pico Boulevard in Los Angeles, California, which have been legally tied together to create one unified site. The property offers approximately 2,400 square feet of building space on a lot of approximately 16,254 square feet (buyer to verify), including a total of 12 on-site parking spaces, three of which are ADA-compliant handicap spaces. With the C4-1-O zoning, this offering provides flexibility for a variety of automotive, service, or potential redevelopment uses. Also, this offering is located within a Tier 1 TOC (Transit Oriented Community), making it possible to build 59 residential units on the lots utilizing TOC benefits. Any business or property at this address will be strengthened by the excellent street frontage and visibility along the highly traveled Pico Boulevard corridor in the Miracle Mile/Mid-Wilshire area. Currently operating as an automotive repair and body shop under the name United Auto Experts, which has been in continuous operation for over six years. The business has an established online presence, including Yelp and Google business pages, as well as a dedicated website listed below. Specialized tools and spray booth equipment are included under an equipment lease of $8,000 per month on a five-year term, of which approximately one and a half years have already been paid. The lease will need to be transferred to the new owner, and the seller can provide the lease and option-to-purchase contracts. Approximately $400,000 has been invested in recent remodeling and facility upgrades, reducing the need for immediate capital improvements. About $31,000 remains to complete the legalization of the spray booth, with most of the required city fees already paid (buyer to verify). Property taxes are approximately $44,000 per year, and the combined business and property insurance costs are about $1,300 per month. This is a rare opportunity to acquire a high-visibility automotive property in a densely populated, high-traffic area of Los Angeles. The site is ideal for an owner/user looking to take over an established, fully operational business or for an investor seeking value-add potential through repositioning, expansion, or future redevelopment.

FOR SALE DETAILS

PRICE

$3,999,000 USD

PRICE/SF

$1,282 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,254 SF

ZONING

C4

APN/PARCEL ID

5083-031-085

ASK ABOUT THIS PROPERTY

Armine DaghbashyanColdwell Banker Hallmark RealtyMore Info
818-946-0493

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Armine DaghbashyanColdwell Banker Hallmark RealtyMore Info
818-946-0493

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