10601 Vermont AveLos Angeles, CA 90044

Property Details for 10601 Vermont Ave

Year built

2018

Construction

WOOD

Lot size

0.49 AC

Property size (Sq ft)

5,700 SF

Zone code

LCC3*

Property type

Retail properties

Property subtype

Gas stations

APN

6060-016-027

APU

6060016027

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,427,730

  6.5%

  $2,240,982

  7%

  $2,080,912

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,731,458

  Geo Method

  $2,731,458

• Alternative Use

  Use

  Valuation

  Residential

  $1,890,352

  Hospitality

  $1,731,552

  Educational

  $1,440,631

  Medical

  $1,490,177

  Retail

  $2,240,982

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

33.9398

Longitude

-118.292

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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