For Sale
$7,750,000

10601 Vermont AveLos Angeles, CA 90044

High-Yield Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Los Angeles retail property, built in 2018, encompasses a thriving coin-operated laundry and car wash business. The single-story, 5,000-5,700 square foot building sits on a 21,344 square foot lot, zoned LCC3. Currently generating a Net Operating Income (NOI) of $654,875 and boasting an 8.45% cap rate, this represents a strong return on investment. The asking price is $7,750,000, translating to approximately $1,360 per square foot. The property features newer equipment and benefits from the synergistic relationship between the two businesses, resulting in gross sales exceeding $1.3 million. Located at 10601 S Vermont Ave, Los Angeles, CA 90044, in Los Angeles County, this owner-user investment opportunity is ideal for those seeking a stable, recession-resistant income stream in a high-demand market. The property is offered as a 100% ownership stake and qualifies for 85% SBA loans for eligible buyers. A 1031 exchange is also a viable option. This is a Class B property with a single tenancy. The property's APN is 6060016027.

Highlights

  • High-performing coin-operated laundry and car wash in Los Angeles, built in 2018.
  • 5,000-5,700 SF building on a 21,344 SF lot, zoned LCC3.
  • Strong NOI of $654,875 and 8.45% cap rate, asking price $7,750,000 ($1,360/SF).
  • Gross sales exceeding $1.3M, located at 10601 S Vermont Ave, Los Angeles, CA 90044.
  • Class B property, single tenant, 100% ownership, eligible for 85% SBA loans and 1031 exchange.

Property Details for 10601 Vermont Ave

Property type
Retail properties, Retail space
Square Feet
5,000 SF
Class
B
Year Built
2018
Stories
1

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
33.939733750184
Longitude
-118.29193907663
10601 Vermont Ave, Los Angeles, California

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10601 Vermont Ave
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