7 Los Angeles St Los Angeles, CA 90047
- Retail properties
- 11,000 SF
Current Use by Public Records
- Retail properties
Property Details for 7 Los Angeles St
- Property size
- 11,000 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a profitable Arco gas station and convenience store in a prime Los Angeles location. The 11,000 sq ft lot houses a 1,100 sq ft building, completely renovated in 2017, including new underground tanks, piping, and pumps. The property boasts impressive financials, with monthly fuel sales exceeding 120,000 gallons at a $0.35 profit per gallon, generating $60,000 in monthly market sales. Additional income streams of $2,000 per month are derived from a billboard and ATM. Currently operating 5 AM to 11 PM, this absentee-operated business offers significant growth potential through the addition of lottery and beer/wine sales (subject to licensing). The Arco contract has less than six years remaining. Two 20,000-gallon fuel tanks and one split tank (8,000 gallons diesel, 12,000 gallons premium) are in place. The asking price is $5,200,000, with owner financing available with a $2,000,000 down payment. Located at 7 Los Angeles, Los Angeles, CA 90047, this property is a must-see for discerning investors. Serious inquiries only; proof of funds and a signed NDA are required for detailed information. Do not contact the location directly.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.308
- Latitude
- 33.9519
