Hollywood Corner Gas Station
1309 N La Brea Ave, Los Angeles, CA 90028
For Sale
Contact for pricing
Shell gas station with redevelopment potential in prime Hollywood location.
Property Size17,079 SF
Lot Size0.39 Acres
Price / SF$555.95
Days on Market294
Property Features for 1309 N La Brea Ave
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Realty Investment Advisors
Listed By:
Benjamin Lalezari · License CA #01987941
Source:
Crexi
Added: Jan 26
Changed: Oct 25
Last Checked: Nov 14 at 5:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Investment Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located on a prime signalized corner at La Brea Avenue and Fountain Avenue in the heart of Hollywood/West Hollywood, this Shell-branded gas station offers exceptional visibility, strong ingress/egress, and constant daily traffic in a dense infill location. The property features a modern, turnkey layout suitable for operators and long-term investors, with approximately five years remaining on the fuel contract. Over $1M in recent capital improvements include a fully redeveloped convenience store, new electrical, plumbing, HVAC, roof, façade, and interior build-out, minimizing near-term capital needs. The large 17,079 square foot corner lot is zoned LAC2 and located within the Hollywood CPIO (Corridor 1), providing meaningful future redevelopment upside with enhanced FAR, density, and parking incentives, subject to buyer verification. The property is surrounded by high-end multifamily, entertainment, and employment centers, supporting long-term land value appreciation and multiple exit strategies.
Key Highlights
- Prime signalized corner location at La Brea Ave and Fountain Ave in Hollywood/West Hollywood with exceptional visibility and high traffic.
- Significant future redevelopment potential due to large 17,079 SF lot, LAC2 zoning, and Hollywood CPIO (Corridor 1) incentives.
- Over $1M in recent capital improvements, including a fully redeveloped convenience store and new infrastructure.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$462,541
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,250,820
$9.3M
Cap Rate 7%
$6,607,729
$6.6M
Cap Rate 9%
$5,139,344
$5.1M
Market Conditions
NOI Build-Up for 17,079 SF
Gross rent
$631.2K $36.96/SF
− Vacancy
−$14.5K −$0.85/SF
EGI
$616.7K $36.11/SF
− OpEx
−$154.2K −$9.03/SF
NOI
$462.5K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,250,820
Cap Rate 7%
$6,607,729
Cap Rate 9%
$5,139,344
Alternative Uses
Best Use
Specialty Retail
$6.61M
$5.78M – $7.71M
NOI $462,541 @ 7.0% cap · market cap 4.87%
Second Best
Retail
$5.66M
$4.95M – $6.61M
NOI $396,355 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$7.13M
$6.24M – $8.32M
NOI $499,148 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,729
Businesses Nearby
Explore this area
Business Placement
Demographics for 90028, CA
32,330
Population
22,344
Households
1.4
Avg Household Size
36
Median Age
49%
College-Educated
90%
High-School Grad
1.5 sq mi
ZIP Area
21,553
Density / Sq Mi
$59,393
Median Household Income
$45,325
Median Earnings
$1,839
Median Rent
$970,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Gas stations in Los Angeles County
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Gas station - Shell gas station with redevelopment potential in prime Hollywood location.
Where is this gas station located?
The property is located at 1309 N La Brea Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $9,495,000.
What are key features of this property?
This property features: Prime signalized corner location at La Brea Ave and Fountain Ave in Hollywood/West Hollywood with exceptional visibility and high traffic.; Significant future redevelopment potential due to large 17,079 SF lot, LAC2 zoning, and Hollywood CPIO (Corridor 1) incentives.; Over $1M in recent capital improvements, including a fully redeveloped convenience store and new infrastructure.
