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105 W 116TH PL, Los Angeles CA 90061
Auto Body Shop
O F F E R I N G M E M O R A N D U M
Investment Summary
OFFERING SUMMARY ADDRESS 105 W 116TH PL
Los Angeles CA 90061COUNTY Los AngelesBUILDING SF 1,356 SFLAND SF 4,574 SF zoned LACMYEAR BUILT 1946APN 6087-006-035OWNERSHIP TYPE Fee Simple
FINANCIAL SUMMARY OFFERING PRICE $499,995PRICE PSF $368.72
1 MILE 3 MILE 5 MILEDEMOGRAPHICS 2019 Population 44,279 370,862 1,075,9172019 Median HH Income $38,361 $40,512 $44,4462019 Average HH Income $51,626 $55,377 $60,026
Phase 2 Environmental - Clean
Owner User Opportunity - SBA Financing
Month to Month Tenancy
Excellent Exposure - Signage Visible From 110 and 105 Freeways
Light Year Realty Inc. is pleased to introduce the sale of a well established Auto Body / Mechanic shop in South Los Angeles.The subject property features 1,356 SF of Building and is situated on 4,574 SF of Land zoned CM. One tenant is currently occupying the property, on a month to month arrangement, and the property can be delivered vacant.
The property provides an ideal opportunity for a new owner to occupy the space. Owner/User can obtain a highly leveraged debt with only 10% down payment and 90% SBA financing.
The subject offering is located on 116TH PL south of the major signalized intersection of Imperial Hwy and Main ST. The subject is positioned near the 105 and 110 freeways and can be seen by traffic offering excellent exposure.
The offering is located in a densely populated area with over 370,000 people residing within a 3-mile radius. The subject property is located near national credit tenants such as McDonald's, Jack in the Box, Pizza Hut.
This offering will attract an owner / user or investor who is looking for an income property with solid income and low vacancy.
Property Features
PROPERTY FEATURES BUILDING SF 1,356
LAND SF 4,574
YEAR BUILT 1946
# OF PARCELS 1
ZONING TYPE LACM
NUMBER OF STORIES 1
NUMBER OF BUILDINGS 1
CORNER LOCATION Yes
Location Summary
Regional Map
Locator Map
Aerial Map
Parcel Map
Property Images
Property Images
Property Images
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Property Images
Demographics
1 MILE 3 MILE 5 MILEPOPULATION
2000 Population 37,747 329,513 1,002,469
2010 Population 41,728 353,522 1,035,943
2019 Population 44,279 370,862 1,075,917
2024 Population 45,297 377,522 1,091,610
2019 African American 15,029 128,525 262,216
2019 American Indian 230 2,277 7,844
2019 Asian 162 6,611 41,370
2019 Hispanic 28,559 228,892 736,326
2019 White 10,234 88,323 324,350
2019 Other Race 16,770 130,306 392,683
2019 Multiracial 1,781 14,165 43,865
2019-2024: Population: Growth Rate 2.30 % 1.80 % 1.45 %
1 MILE 3 MILE 5 MILE2019 HOUSEHOLD INCOME
less than $15,000 2,098 18,040 44,444
$15,000-$24,999 1,544 12,796 36,049
$25,000-$34,999 1,412 11,199 32,567
$35,000-$49,999 1,625 14,210 42,554
$50,000-$74,999 2,101 17,203 52,448
$75,000-$99,999 965 9,880 31,302
$100,000-$149,999 885 8,963 30,428
$150,000-$199,999 278 2,910 9,887
$200,000 or greater 136 1,564 6,070
Median HH Income $38,361 $40,512 $44,446
Average HH Income $51,626 $55,377 $60,026
1 MILE 3 MILE 5 MILEHOUSEHOLDS
2000 Total Housing 10,549 96,071 288,671
2010 Total Households 10,556 93,520 278,313
2019 Total Households 11,046 96,765 285,748
2024 Total Households 11,239 97,961 288,408
2019 Average Household Size 3.97 3.79 3.73
2000 Owner Occupied Housing 4,401 40,244 113,738
2000 Renter Occupied Housing 5,321 48,633 157,479
2019 Owner Occupied Housing 4,341 39,739 112,350
2019 Renter Occupied Housing 6,705 57,025 173,398
2019 Vacant Housing 823 7,011 17,228
2019 Total Housing 11,869 103,776 302,976
2024 Owner Occupied Housing 4,501 40,969 115,591
2024 Renter Occupied Housing 6,738 56,992 172,816
2024 Vacant Housing 805 6,984 17,366
2024 Total Housing 12,044 104,945 305,774
2019-2024: Households: Growth Rate 1.75 % 1.25 % 0.95 %
Demographic Charts
1 Mile Radius 3 Mile Radius 5 Mile Radius
2019 Household Income
1 Mile Radius 3 Mile Radius 5 Mile Radius
2019 Population by Race
Demographic Charts
2019 Household Occupancy - 1 Mile Radius
Average Income Median Income
2019 Household Income Average and Median
CONFIDENTIALITY and DISCLAIMERThe information contained in the following offering memorandum is proprietary and strictly confidential. It isintended to be reviewed only by the party receiving it from Light Year Realty Inc and it should not be madeavailable to any other person or entity without the written consent of Light Year Realty Inc.
By taking possession of and reviewing the information contained herein the recipient agrees to hold and treatall such information in the strictest confidence. The recipient further agrees that recipient will not photocopy orduplicate any part of the offering memorandum. If you have no interest in the subject property, pleasepromptly return this offering memorandum to Light Year Realty Inc. This offering memorandum has beenprepared to provide summary, unverified financial and physical information to prospective purchasers, and toestablish only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation. Light YearRealty Inc has not made any investigation, and makes no warranty or representation with respect to theincome or expenses for the subject property, the future projected financial performance of the property, thesize and square footage of the property and improvements, the presence or absence of contaminatingsubstances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical conditionof the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plansor intentions to continue its occupancy of the subject property.
The information contained in this offering memorandum has been obtained from sources we believe reliable;however, Light Year Realty Inc has not verified, and will not verify, any of the information contained herein, norhas Light Year Realty Inc conducted any investigation regarding these matters and makes no warranty orrepresentation whatsoever regarding the accuracy or completeness of the information provided. All potentialbuyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shallbe responsible for their costs and expenses of investigating the subject property.
Exclusively Marketed by:
Jacob LavianSenior Investment Associate (310) 346-4905License # [email protected]
440 Shatto Place. Suite 409, Los Angeles, CA 90020
