Mixed-Use Property with Auto
New
For Sale
$1,095,000
7301 S Central, Los Angeles, CA 90001
Two adjoining commercial parcels bring together automotive service and restaurant operations within an LAC2-zoned corridor.
Property Size3,830 SF
Lot Size0.39 Acres
Price / SF$285.90
Days on Market1
Property Features for 7301 S Central
General Information
Standard status
Active
Size
3,830 SF
Lot size
0.39 Acres
Property subtype
Commercial
Zoning
LAC2
Site & Location
Neighborhood
Florence
Tenancy & Operations
Currently Operating
Yes
Real Estate Included
Yes
Additional Details
Automotive Uses
auto repair
Building Details
Building Size
3,830 SF
Year Built
1951
Buildings
2
Listing Agency:
Keller Williams VIP Properties
Listed By:
Hormoz Shahbaz · License #01274303
(818) 383-4255
Source:
Elliman
Added: Oct 26
Last Checked: Oct 26 at 3:40PM
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 Keller Williams VIP Properties
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Investment Insights
Based on property information with market context.
At 7301 and 7313 Central Avenue, two adjoining commercial parcels combine an auto repair shop and a restaurant. The auto repair property occupies a former gas station site; the second parcel contains the restaurant. Together, the buildings total about 3,830 square feet on approximately 17,100 square feet of land.
The properties are zoned LAC2. Existing commercial operations may continue, while other uses or redevelopment would be subject to zoning, permits, and governmental approvals. Due diligence should include investigation of property condition and environmental matters related to the site’s prior gas station use.
The properties are zoned LAC2. Existing commercial operations may continue, while other uses or redevelopment would be subject to zoning, permits, and governmental approvals. Due diligence should include investigation of property condition and environmental matters related to the site’s prior gas station use.
Key Highlights
- Two adjoining commercial parcels at 7301 and 7313 Central Avenue
- Combined building area of about 3,830 square feet
- Combined lot area of about 17,100 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,884
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,777,680
$1.8M
Cap Rate 7%
$1,269,771
$1.3M
Cap Rate 9%
$987,600
$987.6K
Market Conditions
NOI Build-Up for 3,830 SF
Gross rent
$141.6K $36.96/SF
− Vacancy
−$14.6K −$3.81/SF
EGI
$127.0K $33.15/SF
− OpEx
−$38.1K −$9.95/SF
NOI
$88.9K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,777,680
Cap Rate 7%
$1,269,771
Cap Rate 9%
$987,600
Alternative Uses
Best Use
Specialty Retail
$1.48M
$1.30M – $1.73M
NOI $103,726 @ 7.0% cap · market cap 9.47%
Second Best
Retail
$1.27M
$1.11M – $1.48M
NOI $88,884 @ 7.0% cap · market cap 8.12%
Theoretical Best
Multifamily LT 5
$77.59M
$67.89M – $90.53M
NOI $5,431,545 @ 7.0% cap · market cap 496.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,580
Businesses Nearby
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Business Placement
Demographics for 90001, CA
55,859
Population
13,998
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
49%
High-School Grad
3.3 sq mi
ZIP Area
16,927
Density / Sq Mi
$60,751
Median Household Income
$30,672
Median Earnings
$1,471
Median Rent
$513,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two adjoining commercial parcels bring together automotive service and restaurant operations within an LAC2-zoned corridor.
Where is this mixed-use property located?
The property is located at 7301 S Central Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Two adjoining commercial parcels at 7301 and 7313 Central Avenue; Combined building area of about 3,830 square feet; Combined lot area of about 17,100 square feet
