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Listed by Richard Kim • Coldwell Banker Best Realty
$6,950,000
Est. payment /mo
5,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $1,390
MLS Listing ID CRPW25223669
HOA Y/N No
Year Built 2018
Lot Size 0.490 Acres
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
Property Description
Built in 2018, this 5,000-5,700 SF retail property presents an outstanding investment opportunity, featuring two synergistic, recession-resistant businesses: a coin car wash and a coin laundry. With gross annual sales ranging from $1.1 million to $1.3 million, the property offers strong and stable revenue performance. The sale includes both the real estate and operating businesses, offered at an asking price of $6,950,000. The investment provides an attractive 9.17% capitalization rate. The property is equipped with modern, well-maintained equipment and benefits from a long-standing, well-established anchor business, further enhancing its stability and appeal.
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
Water Public
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