6230 Franklin Ave Los Angeles, CA 90028
- Gas stations
- 1,800 SF
- 0.38 lot acres
Current Use by Public Records
- The Happy Tacos / Mexican Restaurant
Property Details for 6230 Franklin Ave
- Year built
- 1966
- Construction
- WOOD
- Lot size
- 0.38 lot acres
- Property size
- 1,800 SF
- Zone code
- LAR4
- Property type
- Gas stations
- APN
- 5586-024-010
- APU
- 5586024010
Description
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.
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
- -118.325
- Latitude
- 34.105
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
