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$6,950,000
Est. payment /mo
Price Dropped by $550K
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 PW-25223669
Year Built 2018
Property Sub-Type Business
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Built in 2018, this 5,000-5,700 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 $6,950,000. The investment provides an attractive 9.17% 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 $6,950,000. The investment provides an attractive 9.17% 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
Laundry Gas & Electric Dryer Hookup
Building
Lot Description 0-1 Unit/Acre
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