S Vermont Avenue
S Vermont Avenue Los Angeles, California 90044 United States

$2,295,000
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Fortune RE and Investment, Inc

Listing Courtesy of Fortune RE and Investment, Inc
$2,295,000
Change Currency
.28 Acres
Exterior
Commercial
Property type
1995
Year Built
CV20095142
Web Id
CV20095142
MLS ID
Los Angeles Unified
School District
6
days ago

About S Vermont Avenue

Excellent opportunity! Real Estate and Newly remodeled Coin Laundry for Sale(See Business Listing CV20099036).Real Estate built in 1995 with an additional tenant that provides additional income. A neighborhood mini market established from approximately 1995 (approx. 1,800+/- sf. Corner property with private enclosed parking lot with two driveways on two different streets providing easy access. Property has approximately 14 parking spaces which finding a property with parking is a rare commodity in properties in the area. Spacious and recently upgraded/remodeled Coin Laundry(approx. 3,103+/- sf) with newer top of the line Dexter Express Line equipment (approximate cost invested in equipment upgrade of $480,000. Equipment installed in December 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 therefore making these washers a clients favorite. Water filtration system and soap vending provide additional income. Upside to Laundry mat: A 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. "Do not speak to employees or mini market owner(tenant) as they are not aware of the sale"

Listing Courtesy of Fortune RE and Investment, Inc, Savannah MLS

features

lot description
Corner Lot

PROPERTY INFORMATION

Water
Public

EXTERIOR

Lot Description
Corner Lot
Listing Courtesy of Fortune RE and Investment, Inc