11915 Hawthorne Blvd Hawthorne, CA 90250
- Investment properties
Current Use by Public Records
- City Laundry / Lavanderia / Laundromat
Property Details for 11915 Hawthorne Blvd
- Property type
- Investment properties
Description
This established laundromat presents a lucrative business opportunity in Hawthorne, CA. Located within a bustling strip mall with ample parking and high visibility from Hawthorne Boulevard, it benefits from significant foot traffic and proximity to a dense residential area. The laundromat is surrounded by other businesses, including a Ralph's supermarket, further enhancing its customer base. The current owner reports a high-volume operation. The equipment includes a mix of newer and older Speed Queen and Huebsch washers and dryers, with significant recent upgrades. Specifically, in October 2023, a 45lb and 60lb washing machine were added for $22,496, and in late 2022, three large washing machines were installed for $26,735. The seller states that most smaller washing machines have been replaced in recent years. Additional equipment includes a change machine (new December 2019), three older vending machines, two TVs, a four-camera CCTV system, a new (2019) weight scale for fluff and fold services, and a change scale. All machinery loans will be paid off at the close of escrow. This turnkey operation offers a strong return on investment for a savvy entrepreneur. The detailed equipment list includes: 2 x 18lb Speed Queen (older), 10 x 20lb Speed Queen (mix of older and newer), 2 x 35lb Speed Queen (new Dec 2019), 1 x 60lb Speed Queen (new Dec 2019), 9 x 13lb Huebsch (older), 2 x 40lb Huebsch (older), and 18 x 30lb Speed Queen dryers (new Dec 2019).
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hawthorne
- County
- Los Angeles
- State
- California
- Longitude
- -118.353
- Latitude
- 33.9251
