10601 Vermont, Los Angeles, CA 90044
  • MLS#: PW25223669 ( Business )
  • Street Address: 10601 Vermont
  • Viewed: 4
  • Price: $6,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2018
  • Bldg sqft: 0
  • Days On Market: 27
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90044
  • Provided by: Coldwell Banker Best Realty
  • Contact: Richard Richard
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Property Location and Similar Properties
Request More Information
  • All fields are required.
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Features
Accountingtype
  1. Actual
Assetclass
  1. Retail
Building Area Total
  1. 5000.00
Commoninterest
  1. None
Country
  1. US
Current Financing
  1. Conventional
Land Use
  1. Retail
Laundry Features
  1. Gas & Electric Dryer Hookup
Netoperatingincome
  1. 637500.00
Parcel Number
  1. 6060016027
Property Type
  1. Business
Water Source
  1. Public
Year Built
  1. 2018
Zoning
  1. LCC3