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    High-Traffic Laundromat in Hawthorne Title is generated by Realmo AI

    11915 Hawthorne Boulevard, Hawthorne, CA 90250

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    For Sale
    $350,000

    Profitable laundromat with high visibility and strong customer base.

    Type:Business Opportunities
    Added:
    Jan 10, 2021
    Days on Market:
    1969
    Last Refresh:
    May 13 at 8:24 pm

    Property Features for 11915 Hawthorne Boulevard

    General Information

    Standard status
    Active
    Property subtype
    Business Opportunities

    We can help!

    Listing Contact
    Davor Sunjara

    Listing agent Davor Sunjara

    Listing office

    Listing date Jan 10, 2021

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Davor Sunjara

    HighLights

    • High‑volume laundromat in a high‑traffic location within a dense apartment community.
    • Located in a large strip center with ample parking and strong street visibility.
    • Recent upgrades include new washing machines installed in 2022 and 2023.
    • Equipment includes a mix of Speed Queen and Huebsch washers and dryers.
    • Newer equipment includes Speed Queen dryers and a change machine, all new in Dec 2019.
    • Additional amenities include vending machines, TVs, CCTV cameras, and a weight scale for fluff & fold.

    Overview

    This laundromat is located in a large strip center with ample parking and strong street visibility. It benefits from high foot traffic and is situated within a dense apartment community, surrounded by stores such as Ralph's supermarket. The equipment includes 2 Speed Queen washers (18 lbs, older), 5 Speed Queen washers (20 lbs, older), 2 Speed Queen washers (35 lbs, new Dec 2019), 1 Speed Queen washer (60 lbs, new Dec 2019), 5 Speed Queen washers (20 lbs, older), 4 Speed Queen washers (35 lbs, older), 9 Heubsch washers (13 lbs, older), 2 Huebsch washers (40 lbs), 18 Speed Queen dryers (30 lbs, new Dec 2019), a new change machine (Dec 2019), 3 older vending machines, 2 TVs, 4 CCTV cameras, a new weight scale for fluff & fold (2019), and a change scale. Recent upgrades include the installation of a 45lb washing machine and a 60lb washing machine on 10/31/2023, and three big washing machines installed in late 2022. The seller states that most of the small washing machines have been replaced in the past few years, and all machinery loans will be paid off at the close of escrow. The laundromat is located in Hawthorne, CA.
    Location Intelligence

    Current Use by Public Records

    City Laundry / Lavanderia (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hawthorne
    County
    Los Angeles
    State
    California
    Longitude
    -118.3531483
    Latitude
    33.9252145

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    FAQs

    What type of property is this?
    Retail space - Profitable laundromat with high visibility and strong customer base.
    Where is this retail space located?
    The property is located at 11915 Hawthorne Boulevard Hawthorne, CA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: High‑volume laundromat in a high‑traffic location within a dense apartment community.; Located in a large strip center with ample parking and strong street visibility.; Recent upgrades include new washing machines installed in 2022 and 2023.
    (310) 831-0222
    We can help!
    Listing Contact
    Davor Sunjara
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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