Smog Check & Bldg/Land: Net $96K Ask $590K, Downey

Downey, CA (Los Angeles County)

Smog Check & Auto Repair + Bldg./Land

Asking Price:$590,000

Gross Revenue:$276,000

Price/Sq. Ft.:$382.62

NOI:N/A

Building Sq. Ft.:1,542

FF&E:$120,000

Year Built:1969

Smog Check & Bldg/Land: Net $96K Ask $590K, Downey

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Property Description

Street retail business dba Smog Check and Auto Repair located at the threshold of abbrest heavy traffics between Lakewood and Bellflower Blvd where Spanish people are more populated.
Gross sales are $23,000 per month and net operating income per month is $8,000 including cash income. Further, areas are under development with a construction of a mammoth shopping plaza just a mile away, given a great potential for land property investment: Active development are apparently seen throughout surrounding and vicinity areas. Next door building & land property are also available for sale at $650,000 occupied by Sushi restaurant for a special development plan to build a strip mall or others.

Detailed Information

Type:
Retail
Building Sq. Ft.:
1,542
Building Status:
Established
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Currently owner occupied and doing business as Auto Smog & Repair Shop on sale of both business and property Bldg. 1,542 SF Lot: 4,392 SF Zoning: DOC2 Year Built: 1968 # of Units: 1 # of Stories: 1 APN: 6256-001-027 CAP Rate: 14% Equipment & Inventory whose value would be $150,000 plus is included in the sale price A total asking price: $590,000 Price Breakdown: (1) Business including equipment and inventory: $120,000 (2) Bldg. and Land Property: $470,000
Financing:
SBA Loan (7a): 15-30% Down
Current Property Expenses:
Property tax amount assessed in 2015 was $3,393.43
Location Description:
Conveniently located within 5 miles away from all directions of Frw 5, 91, 710 and 605 An smaller size auto repair competition is just next door, yet help work together. .
Current and Prior Use:
Retail

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Kevin (Yong) Kim

Property Listed By:
Kevin (Yong) Kim

Bee Realty Group

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