Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1009 Crenshaw Blvd Los Angeles, CA 90019-1940

    • Gas stations
    • 240 SF
    • 0.40 lot acres
    OFF-MARKET
    Last Sale
    Jul 15, 2025
    $4,100,000
    Value Estimations
    $4,305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8243758
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Eco Fuel - K B Gas Mart / Gas Station

    Property Details for 1009 Crenshaw Blvd

    Year built
    1984
    Lot size
    0.40 lot acres
    Property size
    240 SF
    Zone code
    LAC2
    Property type
    Gas stations
    APN
    5082-027-023
    APU
    5082027023

    Description

    This exceptional 240 sq ft gas station in Los Angeles' Koreatown offers a rare owner-user opportunity. Located at a high-traffic intersection (Crenshaw & Olympic Blvds.), this 10-pump station boasts 260+ feet of street frontage and over 62,000 cars daily. Built in 1984 on a 0.4-acre lot, it features a 100% occupancy rate and a month-to-month lease, allowing for immediate owner-operation. The property benefits from significant rental upside potential and qualifies for accelerated depreciation tax benefits and E85 Fueling Infrastructure Grant Programs. Its established history includes recent environmental reports. The dense, affluent surrounding area (over 51,495 residents within 1 mile, average household income exceeding $99,462) ensures strong demand. An adjacent 7,500 sq ft lot is also available for purchase, allowing for expansion. This fee-simple property is priced at $5,900,000 and is ideal for a 1031 exchange. The property's APN is 5082-027-023 and is zoned LAC2.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $4,690,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,650,000
      6.5%
      $3,700,000
      7%
      $3,590,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,910,000
      Geo Method
      $3,595,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,835,000
      Retail
      $3,640,000
      Mixed-Use
      $4,165,000
      Hospitality
      $3,625,000
      Educational
      $4,555,000
      Residential Income
      $3,455,000
      Energy
      $3,560,000
      Income-Based Land
      $4,395,000
      Food Service
      $4,155,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.324
    Latitude
    34.0544
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $74,876
    $6,129,537
    $0.00
    $6,129,537
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,084 SF

      1604 La Brea Ave

      SERVICE STATION (FULL SERVICE) • 3,084 SF
      1604 La Brea Ave, Los Angeles, CA 90019-5433
      View Details
    • Value Estimation by Request
      1,421 SF

      4169 Venice Blvd

      SERVICE STATION (FULL SERVICE) • 1,421 SF
      4169 Venice Blvd, Los Angeles, CA 90019-6049
      View Details
    • Value Estimation by Request
      0.20 Acres

      3910 Olympic Blvd

      SERVICE STATION (FULL SERVICE) • 0.20 Acres
      3910 Olympic Blvd, Los Angeles, CA 90019-3255
      View Details
    • Value Estimation by Request
      1,773 SF

      1612 Crenshaw Blvd

      SERVICE STATION (FULL SERVICE) • 1,773 SF
      1612 Crenshaw Blvd, Los Angeles, CA 90019
      View Details
    • Value Estimation
      $265,000
      0.44 Acres

      3950 Olympic Blvd

      SERVICE STATION (FULL SERVICE) • 0.44 Acres
      3950 Olympic Blvd, Los Angeles, CA 90019-3255
      View Details
    • Value Estimation by Request
      1,600 SF

      1515 La Brea Ave

      SERVICE STATION (FULL SERVICE) • 1,600 SF
      1515 La Brea Ave, Los Angeles, CA 90019-4113
      View Details

    Similar Nearby for Sale

    • $220,000
      920 SF

      Established Restaurant in Mid-City

      Well-equipped restaurant with beer and wine license in Los Angeles.
      3224 Venice Blvd, Los Angeles, CA 90019
      View Details
    • $1,099,000
      2,600 SF

      Los Angeles Multifamily Investment Opportunity

      Four-unit apartment building, high ROI.
      4840 Mascot St, Los Angeles, CA 90019
      View Details
    • $1,050,000

      West LA Income Property

      Four-unit property in a desirable West LA location.
      1502 S Redondo Blvd, Los Angeles, CA 90019
      View Details
    • $2,175,000

      Los Angeles Commercial Property Available

      Commercial property for sale in Los Angeles, California.
      1273 S Sycamore Ave, Los Angeles, CA 90019
      View Details
    • $1,990,000

      Los Angeles Commercial Property For Sale

      Commercial property available in Los Angeles, California.
      4817 St Charles Pl, Los Angeles, CA 90019
      View Details
    • $1,450,000
      3,443 SF

      Commercial Sale - Los Angeles, CA

      Contemporary religious facility in Mid-City Los Angeles with flexible spaces.
      3425 W 15Th St, Los Angeles, CA 90019
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,978 SF

      Pico Blvd Creative Office Space

      West LA Creative Office Opportunity
      5030 Pico Blvd, Los Angeles, CA 90019
      View Details
    • Contact for pricing
      5,730 SF

      Pico Blvd Medical Office Space

      Prime Medical Office Suites Available
      4930-4948 Pico Blvd, Los Angeles, CA 90019
      View Details
    • $1.15 SF/Yr
      22,500 SF

      Venice Blvd Retail Basement Space

      Large, open basement retail space available for rent.
      4707-4760 Venice Blvd, Los Angeles, CA 90019
      View Details
    • $2 SF/Yr
      2,500 SF

      Crenshaw Boulevard Retail/Office Space

      Retail or office space available for lease on Crenshaw Blvd.
      2821-2825 Crenshaw Blvd, Los Angeles, CA 90019
      View Details
    • $2 SF/Yr
      8,340 SF

      Temperature-Controlled Retail Space Available

      Sublease opportunity in Mid-City Los Angeles with gated yard.
      5470 Pico Blvd, Los Angeles, CA 90019
      View Details
    • Contact for pricing
      2,125 SF

      Prime Venice Blvd Retail Space

      2,125 SF Retail Space - Ample Parking
      5103 Venice Blvd, Los Angeles, CA 90019
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1009 Crenshaw Blvd
    Los Angeles, CA 90019-1940
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.