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
6101 S Vermont Ave, Los Angeles, CA 90044, USA
$1,100,000 USD
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Address6101 South Vermont Avenue, Los Angeles
Price$1,100,000
Property TypeBusiness Opportunity
Year Built1995
Bedrooms Total0
Lot Size (Sq.Ft.)12,107
Listing IDCV20099036
StatusActive
Parcel Number6003023031
Days on Market249

Detailed 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 and 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 $2,295,000 (4.5% cap rate) and Coin Laundry $1,100,000 Total asking $3,395,000. 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”

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Address Information
Address6101 South Vermont Avenue, Los Angeles
Street PrefixSouth
Street SuffixAvenue
CityLos Angeles
Location (MLS Area)C34 – Los Angeles Southwest
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90044
Postal Code Plus43717
CountryUS
Financial Information
Price per Lot Square Foot$90.86
Tax Year2021
Full Descriptions
Parcel Number6003023031
Detailed DescriptionExcellent 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 and 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 $2,295,000 (4.5% cap rate) and Coin Laundry $1,100,000 Total asking $3,395,000. 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”
Property parameters
Year Built1995
Lot Size (Sq.Ft.)12,107
Lot Size (Acres)0.278
Lot Size SourceAssessor
Leasable Area3,103 ft2
Established1,995
Listed withROCIO BARRERA (Fortune RE And Investment, Inc)