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Prime Hard-Corner Gas Station in Van Nuys

$5,500,000

16103 Sherman Way, Los Angeles, CA 91406

Active
Last Updated: 01/15/2026

1,161 sqft

Building Size

0.29 acres

Lot Area

Details:
Building Size:    1,161 sqft
Lot Area:    0.29 acres
Year Built:    1950
Zoning:    LAC2
Parking Spots:    6
Highlights:
  • Short-Term Lease with No Options Remaining – Current lease expires August 31, 2027, creating a unique chance for an owner-user to operate their business upon lease expiration all while collecting rental income in the interim.
  • Prime Hard-Corner Location – Situated at Sherman Way & Woodley Avenue, a heavily trafficked intersection with 66,815 cars per day and excellent ingress/egress from both major thoroughfares.
  • Clean Environmental Status – A recent Phase I (2025) came with No Further Action needed, which is complemented by regular and successful tank/piping tests (Last completed in 2024), providing buyers confidence and clarity.
  • Turnkey Transition Potential – Favorable lease language ensures landlord control over equipment and environmental provisions, enabling a smooth transition for future operations.
  • Dense Demographics – Within a 3-mile radius: 281,799 residents and an average household income of $110,833, supporting strong fuel and retail sales.
  • Strategic Connectivity – Less than 0.5 miles from the I-405 freeway exit at Sherman Way and 0.05 miles from Van Nuys Airport, ensuring consistent traffic flow and accessibility.
  • Proximity to Major Retail Drivers – Caddy-corner to Vallarta Supermarket and near dense retail corridors, driving consistent consumer traffic.
Map:
Documents:
Title
Offering Memorandum
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Location
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