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Multi-Family and Apartment Investing

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Jon Schwartz
  • Realtor
  • Los Angeles, CA
1,130
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936
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How close can you be to a gas station?

Jon Schwartz
  • Realtor
  • Los Angeles, CA
Posted Mar 4 2019, 16:35

Hi all,

I'm considering a property that I love except for one small problem: it's very near a gas station.

The property is a 12-unit in a working-class neighborhood outside of a thriving city. Very low crime, surprisingly good schools, and the numbers look great.

Unfortunately, the property is catty-corner to a gas station. In the picture below, the property is outlined in blue and the gas station in red.

From an environmental standpoint, is this too close? Could the underground gas storage seep to the the multifamily?

Thanks!

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