1009 Crenshaw Blvd Los Angeles, CA 90019-1940

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.