For Sale
$155,000

1687 Eastern AveLos Angeles, CA 90063

Thriving Laundromat, High Cash Flow, Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This established coin-operated laundromat presents a lucrative investment opportunity in Los Angeles, CA. Operating for nearly 40 years, this business boasts a strong cash flow and is situated in a densely populated rental neighborhood near California State University, Los Angeles. The 3,400 square foot facility enjoys high visibility and ample parking in a high-traffic area, making it easily accessible to customers. Equipped with 40 washers and 48 dryers of varying capacities, the laundromat caters to diverse customer needs. A vending machine offering drinks and snacks adds to the revenue stream. The property, built in 1986, sits on a 0.078-acre lot and is offered as a net lease with a remaining term of 3 years. This single-tenancy retail business offers a stable income stream within a vibrant community, representing a compelling investment prospect. The asking price is $155,000. This turnkey operation is ready for a new owner to continue its success.

Highlights

  • Established coin-operated laundromat in Los Angeles, CA, generating strong cash flow.
  • 3,400 sq ft facility with 40 washers and 48 dryers, located in a high-traffic, densely populated rental neighborhood near Cal State LA.
  • High visibility, ample parking, and a vending machine supplement revenue.
  • Net lease with 3 years remaining; asking price $155,000.
  • Turnkey operation on a 0.078-acre lot, built in 1986.

Property Details for 1687 Eastern Ave

Property type
Retail properties
Square Feet
3,400 SF
Year Built
1986
Lot Size (sq. ft)
3,398 SF

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0610597
Longitude
-118.1741678
1687 Eastern Ave, Los Angeles, California

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1687 Eastern Ave
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