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Usa Food Market 1404 Martin Luther King Jr Blvd 1,306 SF 92% Leased Retail Building Los Angeles, CA 90062 $5,990,000 ($4,586.52/SF)
Executive Summary
Independent Gas Station + Convenience Store + Real Estate
Two (2) Enclosed Garage Bays noy in use included
1485 sqft Bldg, Lot size 10,656 APN#: 5021-001-042
LOCATION HIGHLIGHTS
- Prime exposure on W. Martin Luther King Jr. Blvd
- Dense surrounding residential & commercial trade area
- Strong daily commuter traffic
- Central Los Angeles high-demand corridor
CURRENT OPERATIONS
- Fuel Volume: ±105,000 gallons per month
- Average Fuel Margin: ~$0.55/gallon
- Market Sales: $50,000+ per month at 35% + Lotto
- Active ABC Alcohol License
- Average Monthly Gross Revenue: ±$74,000
REAL ESTATE FEATURES
- Two (2) enclosed service bays for additional income
- Potential conversion to Fuel Brand and receive incentive
- High visibility corner-style parcel
Please sign NDA and Provide proof of funds for more info!
Two (2) Enclosed Garage Bays noy in use included
1485 sqft Bldg, Lot size 10,656 APN#: 5021-001-042
LOCATION HIGHLIGHTS
- Prime exposure on W. Martin Luther King Jr. Blvd
- Dense surrounding residential & commercial trade area
- Strong daily commuter traffic
- Central Los Angeles high-demand corridor
CURRENT OPERATIONS
- Fuel Volume: ±105,000 gallons per month
- Average Fuel Margin: ~$0.55/gallon
- Market Sales: $50,000+ per month at 35% + Lotto
- Active ABC Alcohol License
- Average Monthly Gross Revenue: ±$74,000
REAL ESTATE FEATURES
- Two (2) enclosed service bays for additional income
- Potential conversion to Fuel Brand and receive incentive
- High visibility corner-style parcel
Please sign NDA and Provide proof of funds for more info!
Data Room Click Here to Access
Property Facts In Escrow
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
1,306 SF
Building Class
C
Year Built
1963
Price
$5,990,000
Price Per SF
$4,586.52
Business Value
$1,500,000
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
C2-1 - Commercial
Parking
5 Spaces (3.83 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5021-001-042 | Improvements Assessment | $205,788 |
| Land Assessment | $167,517 | Total Assessment | $373,305 |
Property Taxes
Parcel Number
5021-001-042
Land Assessment
$167,517
Improvements Assessment
$205,788
Total Assessment
$373,305
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Usa Food Market | 1404 Martin Luther King Jr Blvd