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    6230 Franklin Ave Los Angeles, CA 90028

    Sponsored
    For Sale
    $8,799,900

    High-Income Gas Station, Prime Location

    Property size:
    1,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a thriving Mobil gas station located at 6230 Franklin Ave, Los Angeles, CA 90028. The 1,800 square foot property, built in 1966, sits on a 0.38-acre lot and boasts a 100% occupancy rate. Generating close to $1.4 million in net annual income, this asset offers a strong 7.90% cap rate and a price per square foot of $4,888.83. The asking price is $8,799,900. The property features four gas pumps and benefits from a high-traffic location on a signalized corner with over 43,000 cars passing daily, situated conveniently at the 101 Freeway on/off ramp. Beyond the immediate income from the gas station and accompanying C-Store and auto body shop, the property presents significant long-term development potential. The LAR4 zoning allows for a 6:1 FAR ratio with no height restrictions, presenting a unique opportunity for future expansion or redevelopment in this dynamic Los Angeles neighborhood. This is a rare chance to acquire a high-performing asset with both immediate returns and substantial future growth potential. The property's strong financials and prime location make it an ideal addition to any investment portfolio.

    Property Features for 6230 Franklin Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    1,800 SF
    Lot Size
    16,553 SF

    Building Details

    Year Built
    1966

    HighLights

    • Thriving Mobil gas station in high‑traffic Los Angeles location.
    • 1,800 SF building on a 0.38‑acre lot, built in 1966.
    • $8,799,900 asking price, generating nearly $1.4M in net annual income (7.90% cap rate).
    • High‑traffic corner location (43,000+ cars daily) at a 101 Freeway on/off ramp.
    • Includes gas pumps, C‑Store, and auto body shop; 100% occupancy.
    • LAR4 zoning allows for significant future development potential (6:1 FAR, no height restrictions).
    Property Profile Location Intelligence

    Current Use by Public Records

    The Happy Tacos Mexican Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3098373
    Latitude
    34.1050567

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    FAQs

    What type of property is this?
    Automotive property - High-Income Gas Station, Prime Location
    Where is this automotive property located?
    The property is located at 6230 Franklin Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $8,799,900.
    What are key features of this property?
    This property features: Thriving Mobil gas station in high-traffic Los Angeles location.; 1,800 SF building on a 0.38-acre lot, built in 1966.; $8,799,900 asking price, generating nearly $1.4M in net annual income (7.90% cap rate).
    Request Owner's contact information
    6230 Franklin Ave Los Angeles, CA 90028
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    Los Angeles, CA 90028
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6230 Franklin Ave Los Angeles, CA 90028
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