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Move-In Ready Auto Site 5716 W Manchester Ave 4,290 SF 100% Leased Office Building Los Angeles, CA 90045 $2,600,000 ($606.06/SF)



Investment Highlights
- Rehabbed & Move-In Ready Auto Site
- Perfectly positioned near including LAX, SoFi Stadium, Intuit Dome, KIA Forum, SpaceX HQ, and Google's Playa Vista campus
- Excellent Owner-User or Value-Add Investment Opportunity
Executive Summary
We are pleased to offer a well-positioned multi-use commercial property near LAX, SoFi Stadium, Intuit Dome, the KIA Forum, Space X headquarters, Google's Playa Vista campus and many other high impact destinations. Completely rehabbed and currently serving as an automotive sale and rental site, 5716 W. Manchester can easily serve very diverse, multi-purpose needs with little or no modifications. The current licensing as an auto sales and rental agency is proving to be a strong highest and best use contender though creative minds can find a myriad of other possible uses to capitalize on the upcoming surge in the area from the World Cup and 2028 Olympics. Property has multiple showrooms, a large sales office with private and public bathrooms, including ADA compliant ones. The lot can fit 50 vehicles with most of them protected from the sun and environmental elements. Property will qualify for SBA financing and cleared Phase I environmental survey in recent years. Other potential uses include flex space, office, retail, divide for small space rental, multi-tenant automotive repair, and more. The site was previously determined to be eligible to build up to 28 residential units as well.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Building Size
4,290 SF
Building Class
C
Year Built
1959
Price
$2,600,000
Price Per SF
$606.06
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,290 SF
Building FAR
0.41
Lot Size
0.24 AC
Zoning
LAC2
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 4125-016-021 | Improvements Assessment | $510,000 |
| Land Assessment | $1,479,000 | Total Assessment | $1,989,000 |
Property Taxes
Parcel Number
4125-016-021
Land Assessment
$1,479,000
Improvements Assessment
$510,000
Total Assessment
$1,989,000
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