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2648 Cherry Ave
For Sale $2,800,000
$2,800,000
- Units
- Unknown Sq Ft
- 11,003 Sq Ft
- Unknown Cap Rate
Description
** Perfect for 1031 Exchange Buyers** Motivated retiring sellers after 27 years in business (building has been an established mechanic shop since 1978) are selling their business and real estate together. This exceptional business and free standing property is a generational opportunity. Located on a crowded cross section in the heart of Signal Hill (Cherry Ave & Willow), this 4,806 sq. ft. building with 10 parking spaces on an 11,003 sq. ft. lot attracts over 5,000 customers per year and is a gold mine for a savvy operator.
Signal Hill Automotive is an established auto service shop which does auto repair, oil change, alignment, tire changes and auto electrical repairs. The major asset of this business is its large number of fleet accounts, such as Enterprise Rent-A-Car, Hertz, local oil companies, traffic management department, water treatment facility, etc. which generate 40% of business revenue and create a dependable user base. The bulk of their revenue, however, comes from serving the community through years of satisfied and loyal customers. Some of their customers are the 3rd generation in their families to come to this place. The right owner can increase this volume 200-300% with an aggressive advertising campaign.
Property consists of an office with 6 automotive lifts: 2 underground, 3 above, and one alignment jack. There are 7 bays on the property. There is also huge potential for generating additional income by converting 2 of the existing bay pits to service RV, Large Truck and Bus alignments. The property was built for this and known for its high ceiling accessibility and location. The property is zoned SHM1 industrial manufacturing (light mfg which can be used for many different purposes). Seller will cooperate with Buyer for a smooth transition to new ownership of Auto Shop Business upon request.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,800,000 |
| Property Type | Industrial |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 10 spots |
| Year Built | 0 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7212014076 |
| MLS # | OC25071305 |
| Property ID | 292026986 |
| Lot Sqft | 11,003 |
| Zoning | SHM1* |
| Days on Market | 398 |
| Original List Price | $2,800,000 |
| Date Updated | August 12, 2025 |
| Date Created | November 13, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Mike Sadeghi an agent of . Lic #01088115
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of August 12, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT