21011 Pioneer BlvdLakewood, CA 90715

Property Details for 21011 Pioneer Blvd

Year built

1963

Lot size

0.38 AC

Property size (Sq ft)

2,225 SF

Zone code

LKC3*

Property type

Car washes

APN

7065-010-045

APU

7065010045

Description

This exceptional investment opportunity presents a newly remodeled, high-traffic car wash and lube business located at 21011 Pioneer Blvd, Lakewood, CA 90715, in Los Angeles County. The property, a corner lot at a major intersection, boasts a full-service car wash with express conversion plans already in place. All equipment is new Sonny's branded. The asking price is $4,100,000, representing a 4.95% cap rate and a strong net operating income (NOI) of $203,000. This single-unit business is situated in a densely populated area, benefiting from over 2.3 million people within a 10-mile radius and a substantial workforce of 224,000 employees nearby. Post-renovation, business is thriving, making this a compelling investment opportunity with significant growth potential. The property includes the real estate and offers oil change services in addition to car washing. This turnkey operation is ready for a new owner to step in and continue its success. The property type is classified as Business for Sale, Retail, and Special Purpose.

• CAP approach

  CAP return

  Valuation

  6%

  $805,908

  6.5%

  $743,916

  7%

  $690,779

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,788,521

  Geo Method

  $1,788,521

• Alternative Use

  Use

  Valuation

  Residential

  $627,521

  Hospitality

  $574,805

  Educational

  $478,231

  Medical

  $494,678

  Retail

  $743,916

Location Insight

City

Lakewood

County

Los Angeles

State

California

Latitude

33.8384

Longitude

-118.082

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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