$ 3,999,000
-
$3,999,000
Price -
0
Bed - Bath
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3,120
SqFt
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About the Listing SR0067403 - F207058053,22286278,22286278,22286278
We are happy to present a wonderful opportunity in 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 about 16,254 square feet (buyer to verify) and is zoned C4, providing flexibility for a variety of automotive, service, or potential redevelopment uses. There are a total of twelve on-site parking spaces, including three ADA-compliant handicap spaces, and the site benefits from excellent street frontage and visibility along the highly traveled Pico Boulevard corridor in the Miracle Mile / Mid-Wilshire area. The property is currently operated as an automotive repair and body shop under the name United Auto Experts, which has been in continuous operation for over six years and has an established online presence with Yelp and Google business pages, as well as a dedicated website at linktr.ee/UnitedAutoExperts. 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 dense, high-traffic Los Angeles location. 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.
Listing Highlights for 4605 W Pico
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5083031085
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
4605 W Pico Los Angeles, CA 90019
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