17
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$7,500,000
Est. payment /mo
0.49 Acres Lot
New
10601 10601 S Vermont Los Angeles, CA 90044
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25223669
HOA Y/N No
Year Built 2018
Lot Size 0.490 Acres
Property Sub-Type Business
Property Description
Built in 2018, this 5,700 SF retail property presents an outstanding investment opportunity, featuring two synergistic, recession-resistant businesses: a coin car wash and a coin laundry. With gross annual sales ranging from $1.1 million to $1.3 million, the property offers strong and stable revenue performance.
The sale includes both the real estate and operating businesses, offered at an asking price of $7,500,000. The investment provides an attractive 8.5% capitalization rate. The property is equipped with modern, well-maintained equipment and benefits from a long-standing, well-established anchor business, further enhancing its stability and appeal.
The sale includes both the real estate and operating businesses, offered at an asking price of $7,500,000. The investment provides an attractive 8.5% capitalization rate. The property is equipped with modern, well-maintained equipment and benefits from a long-standing, well-established anchor business, further enhancing its stability and appeal.
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Zoning LCC3
Interior
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Others
Tax ID 6060016027
Acceptable Financing Cash to New Loan, Conventional
Listing Terms Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by Richard Kim Coldwell Banker Best Realty realtor.richinfo@gmail.com
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