10601 S Vermont Los Angeles, CA 90044
- Gas stations
- 5,700 SF
- 0.49 lot acres
Current Use by Public Records
- Vermont Free Dry Coin Laundry & Car Wash / Car Wash
Property Details for 10601 S Vermont
- Year built
- 2018
- Construction
- WOOD
- Lot size
- 0.49 lot acres
- Property size
- 5,700 SF
- Zone code
- LCC3*
- Property type
- Gas stations
- APN
- 6060-016-027
- APU
- 6060016027
Description
This exceptional Los Angeles retail property, built in 2018, encompasses a thriving coin-operated laundry and car wash business. The single-story, 5,000-5,700 square foot building sits on a 21,344 square foot lot, zoned LCC3. Currently generating a Net Operating Income (NOI) of $654,875 and boasting an 8.45% cap rate, this represents a strong return on investment. The asking price is $7,750,000, translating to approximately $1,360 per square foot. The property features newer equipment and benefits from the synergistic relationship between the two businesses, resulting in gross sales exceeding $1.3 million. Located at 10601 S Vermont Ave, Los Angeles, CA 90044, in Los Angeles County, this owner-user investment opportunity is ideal for those seeking a stable, recession-resistant income stream in a high-demand market. The property is offered as a 100% ownership stake and qualifies for 85% SBA loans for eligible buyers. A 1031 exchange is also a viable option. This is a Class B property with a single tenancy. The property's APN is 6060016027.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,765,000
- ML approach
- $3,815,000
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Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.292
- Latitude
- 33.9398
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
