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Property profile & analytics
OFF-MARKET
Estimated value
$4,790,000
Gas stations
1541 Central Ave Los Angeles, CA 90021-2608
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-0468461
Property summary
AI-generated overview
Exceptional opportunity to acquire a well-established Shell gas station located in the heart of Los Angeles' Fashion District. This turnkey operation boasts 1,540 square feet of building space situated on a 15,625 square foot lot, offering significant frontage and visibility adjacent to the I-10 Freeway entrance. The property includes two buildings, each one story, and features six pumps with twelve dispensers, selling both gasoline and diesel fuel. The current zoning is LAM2. Built in 1964, this property presents a strong investment opportunity with the existing Shell contract extending until December 31, 2032. The asking price for the property and business is $6,150,000, translating to $3,993.51 per square foot. The property's address is 1541 S Central Ave, Los Angeles, CA 90021, with APN 5132-023-027. This is a rare chance to own a thriving business in a high-demand area.
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1964
Total area
1,540 SF
Lot
0.36 ac (15,626 SF)
Zoning code
LAM2
APN
5132-023-027
UPID
US10-0468461
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Shell Gas Station
-
Taco Side Restaurant
-
ATM (Marima's Shell 1) Atm
-
Lupita's Kitchen Restaurant
-
Sub Grub BBQ and Sandwiches Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.27M
Blend (final)
Blend
$4.79M
Owner & transaction history
1541 S Central LLC
1541 S Central LLC
since 2025
Last sale
$4.6M
7 recorded transactions
Zoning & alternative use
LAM2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.79M
Range $4.31M – $5.27M · ±10% · vs last sale $4.55M (Dec 30 2025)
Last sale anchor
$4.55M
Dec 30 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$3,110 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$22,730
Tax year 2024
Assessed value
$1,802,731
Assessed 2024
Previous assessed
$1,802,731
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,682,553
Assessed improvement
$120,178
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1964
Heating
NONE
Stories
1
Total area
1,540 SF
Lot
0.36 ac (15,626 SF)
Zoning code
LAM2
APN
5132-023-027
UPID
US10-0468461
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM2 · Los Angeles, CA
Zoning LAM2 · permitted uses
LAM2 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
1541 S Central LLC
Entity
Mailing address
4332 GENTRY AVE APT #5, STUDIO CITY, CA 91604-1785
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2026
—
1541 S Central LLC
—
Deed
related
—
Dec 30, 2025
$4,550,000
1541 S Central LLC
Michaels Shell LLC
Grant Deed
$5,000,000 · Bank Of Hope
Jun 28, 2019
—
Michael S Shell LLC
—
Deed
related
$1,800,000 · Open Bank
Jun 6, 2018
—
Michaels Shell LLC
—
Deed
related
$100,000 · Pacific City Bank
Sep 27, 2016
—
Michaels Shell LLC
—
Deed
related
$562,500 · Pacific City Bank
Mar 19, 2014
$1,500,015
Michaels Shell LLC
Apro LLC
Grant Deed
$1,157,000 · First Credit Bank
Mar 19, 2014
—
Apro LLC
Apro Ditribution LLC
Quit Claim Deed
related
—
Oct 31, 2012
$825,000
Apro LLC
Roman Catholic Archbishop Of Los
Grant Deed
—
—
—
Marina Shell
—
Deed Of Trust
related
$1,800,000 · Open Bk
Jan 25, 1963
—
Catholic Archbishopof L A Roman
—
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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