1514 Nadeau St Los Angeles, CA 90001

This exceptional investment opportunity presents a vacant, 2,208-square-foot retail building ideally suited for a laundromat business. Located at 1514 Nadeau St, Los Angeles, CA 90001, this single-story, C-Class property sits on a 4,696-square-foot lot and boasts seven parking spaces. Built in 1964, the property features a C1 zoning designation and is offered at $629,000, translating to $284.87 per square foot. The land value alone is $169 per square foot. Previously operating as AC Coin Laundry for over 20 years, the interior remains fully equipped for a laundromat operation, providing a turnkey solution for a new business owner. The property was last occupied on March 31, 2023, and is now available for immediate possession. The previous lease, commencing May 1, 2016, and expiring March 31, 2023, included rent bumps. This fee-simple ownership offers significant potential for immediate income generation or redevelopment within a thriving Los Angeles neighborhood. The property's history as a successful laundromat, combined with its convenient location and ample parking, makes it an attractive proposition for both seasoned investors and entrepreneurs seeking a ready-made business opportunity. The property is sold as-is.