Property summary
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
VerifiedCap rate & NOI
Current use
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Gas Station
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Restaurant
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Atm
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Restaurant
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Restaurant Take-out & Catering
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
LAM2 · Los Angeles, CAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for LAM2 in Los Angeles, CA.
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