840 E 2nd, Pomona, CA, CA 91766

$2,399,000

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List Price
$2,399,000
Status
ACTIVE
MLS#
CV26193005
County
Los Angeles
Year Built
1957
Square Feet
1,620
Lot Size (acres)
0.1468
Lot Location
Near Public Transit, Paved
Days on Market
11
Property Type
Commercial
Business Type
Auto Repair-Specialty, Auto Service
Property Sub Type
Industrial

Property Description

ESTABLISHED AUTOMOTIVE ENGINE REBUILDING & MACHINE SHOP - POMONA, CA Excellent opportunity to acquire an established business with real estate and benefit from long-term business growth and property appreciation. Two contiguous properties offer approximately 5,626± SF of improvements on 13,000± SF of land. The engine rebuilding and machine shop operates from approximately 3,776± SF. Business Asking Price: $599,000 Inventory: Additional, not to exceed $125,000* Real Estate Asking Price: $2,399,000 Combined Asking Price: $2,998,000 plus inventory BUSINESS OVERVIEW Established in 2012 with roots dating to 2002, this automotive engine rebuilding and machine shop has built a strong reputation and customer base in Southern California. Specializing in engine rebuilding and installation, cylinder head work, resurfacing, crankshaft grinding, pressure testing and automotive machine shop services. The business serves repair shops and direct customers throughout the region. FINANCIAL PERFORMANCE Annual revenue of $1,094,608 demonstrates a strong presence in the automotive services market. KEY ASSETS & INFRASTRUCTURE Complete machinery, equipment and tooling Established customers and repair shop network Turnkey operating infrastructure Strategic Pomona location with regional access 3,776± SF operating facility with 5,626± SF total improvements REAL ESTATE OPPORTUNITY Two contiguous parcels totaling approximately 13,000± SF. UND-3 zoning provides future redevelopment potential for multifamily, mixed-use or compatible uses, subject to City approval. Operate Today! Redevelop Tomorrow! IDEAL BUYER Ideal for automotive operators, repair or transmission shops, fleet service companies, or strategic buyers seeking to expand or bring engine rebuilding capabilities in-house. STRONG SOCIAL MEDIA PRESENCE:

Additional Information

Parcel Number
8335003050
Lot Features
Near Public Transit, Paved
Utilities
Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Water
Public

Listing courtesy of Listing Agent: Rocio Barrera (CBROSIEBARRERA@GMAIL.COM) from Listing Office: Fortune RE and Investment, Inc.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.