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Closed
- Listed price
- $150,000
- Listed Nov 1, 2018
- Sold price
- $150,000
- Sold Feb 16, 2019
10,000 sqft lot|1953 Built|36 MLS days on market
968 E. Arrow Hwy, Covina, CA 91724
Property Description
Motivated Seller! Busy and Profitable AAMCO franchise for Sale within the San Gabriel Valley (LA County). While new AAMCO franchises cost approximately $250K or more to get started, this is an excellent turnkey investment for an owner-operator via its 15 year established customer base! There are many unique opportunities included as part of this sale to easily grow and expand the business. This auto services business has a wide variety of income producing sources allowing for amazing growth potential in revenues and profits. THE BASICS: This is a well-established AAMCO franchise, which offers an expansive range of specialty auto services in addition to an assortment of standard total car care repair and maintenance. The shop is always busy and attracts customers from all over the San Gabriel Valley. The franchise benefits from top rated reviews and a very successful marketing platform. GREAT LEASE TERMS: The buyer will assume a substantially below market lease with very favorable terms and multiple five-year extension options. GROWTH POTENTIAL: Due to the lack of an owner-manager, forecasts for the current year estimate Revenues of $780K and Net Profits of $104K after deducting for a manger’s salary. However, Revenues could easily be increased and expenses would be substantially decreased by an owner-operator who is either the General Manager or the Diagnostician, allowing for a much higher Net Profit. Contact Philip Makhoul for the Marketing Package.
Listing agent: Philip MakhoulDRE #01830593philipmakhoul@gmail.com, Listing office: Diamond National Realty
MLS data updated 10/24/2026, 7:31:09 PM PT
Source: CRMLSMLS #: IG18269453
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$150,000
Feb 16, 2019
Available records32018–2019
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 91724 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 91724 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.