301 Los Angeles Ave, Moorpark, CA 93021
- Gas stations
- 2,300 SF
- 0.74 lot acres
Current Use by Public Records
- Shell / Gas Station
- Food Mart / Discount Store / Grocery & Convenience Store
Property Details for 301 Los Angeles Ave
- Year built
- 1993
- Lot size
- 0.74 lot acres
- Zone code
- CPD
- Property type
- Gas stations
- APN
- 511-0-080-455
- APU
- 5110080455
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 15, 2021 | — | Mb Plaza East LLC | — | Deed · related | $17.4M · Key Bank NA |
| Jul 2, 2018 | — | Mb Plaza East LLC | — | Grant Deed · related | $22.5M · Keybank USA |
| Sep 2, 2015 | $1,775,000 | Mb Plaza East LLC | Mission Bell East LP | Trustees Deed | $23.3M · Other Institutional Lenders |
| Oct 26, 2011 | — | Mission Bell East LP | Mission Bell East LLC | Quit Claim Deed · related | — |
| Jun 16, 2005 | — | Bell East Mission | Lancaster Mall Properties | Quit Claim Deed · related | — |
| Oct 7, 2004 | — | Mission Bell East LLC | Mission Bell Plaza Ph II LLC | Quit Claim Deed · related | $7M · Hsbc Bank USA |
Description
This exceptional investment opportunity presents a fee-simple interest in a 2,300 square foot, single-story 7-Eleven gas station situated on a 0.74-acre lot in Moorpark, California. The property boasts six gas pumps and benefits from a strong, 100% occupancy rate under a NNN lease with 8.7 years remaining, expiring July 31, 2033, with two five-year options at fair market value. The lease commenced December 3, 1992, and includes a favorable 3% annual rent increase, providing a hedge against inflation. Built in 1993 and renovated in 2023, this asset is located at the signalized intersection of Los Angeles Avenue and Park Lane, offering excellent visibility and accessibility. The property is part of a larger shopping center, Mission Bell Plaza, with strong co-tenancy including Grocery Outlet, Fitness 19, Tractor Supply, Dollar Tree, Carl's Jr., El Pollo Loco, AutoZone, and Wells Fargo. Moorpark is a high-income area, with average household incomes exceeding $139,625 within a 1-mile radius, $177,707 within 3 miles, and $171,949 within 5 miles. The city's General Plan is undergoing amendments to allow for increased density along Los Angeles Avenue, further enhancing the property's long-term value. The asking price is $4,635,000, representing a 5.00% cap rate. The property's APN is 5110080455. This is a core investment with an investment-grade tenant (S&P: AA-).
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $555,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,023,000
Market price range: $333k - $1.02M -
Alternative Use
- Use
- Estimation
- SERVICE STATION (FULL SERVICE)
- $595,000 Current use
- OFFICE BUILDING
- $520,000 Change: -13% Conversion: Difficult
- MEDICAL BUILDING
- $485,000 Change: -18% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Moorpark
- County
- Ventura
- State
- California
- Longitude
- -118.886
- Latitude
- 34.2793
- CBSA code
- 37100
- CBSA name
- OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA
