$1,100,000

6101 S Vermont Avenue

Los Angeles CA, 90044

Description

Excellent opportunity! Real Estate and Newly remodeled Coin Laundry for Sale(Real estate also for sale see Listing CV20095142). Real Estate built in 1995 with one additional tenant. Corner property with private enclosed parking lot with two driveways on two different streets providing easy access. The property has approximately 14 parking spaces which is a rare commodity in properties in the area. Spacious and recently upgraded/remodeled coin Laundry(Approximately 3,103+/- s f with newer top of the line Dexter Express Line equipment (approximate cost invested in equipment upgrade of $480,000. The equipment was installed on December of 2017). The Express Line equipment helps in keeping utility costs down by using less electricity and gas. Dexter Express washer line spins at 200g-force to remove more water and also saving time in the dryer letting customers finish their laundry in record time and making these washers a clients favorite. Water filtration system & soap vending provides additional income.Upside to coin laundry:Extend business hours,Offer Fluff and Fold service,Room to increase price on wash,For hands on owner or manager may be able to increase sales,Real estate price is $2,582,000 (4.0% cap rate) and Coin Laundry $1,100,000 Total asking $3,682,000.Coin laundry can be sold separately but real estate must be purchase with business( Coin Laundry)."Do not speak to employees or mini market operator as they are not aware of the sale"

Details

MLS#CV20099036
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1995
Days On Site318

Features

Acreage0.28
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Area Information
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90044
AreaC34 - Los Angeles Southwest
Listing VS Median (in 90044)
Price:
$1,100,000
low | high
Med:
$649,944
90.914181818182% of Average
On Site:
318
low | high
Med:
40.500000
100% of Average
Sourced by Back At You
Listing Updated: May 9, 2021 9:09:50 PM PDT
ROCIO BARRERA LogoMLS Number: CV20099036
Listing Provided By:
ROCIO BARRERA  of  Fortune RE and Investment Inc
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