10601 S Vermont Ave
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10601 S Vermont Ave
5,700 SF Retail Building Los Angeles, CA 90044 $7,750,000 ($1,360/SF) 8.50% Cap Rate
Investment Highlights
- Coin Laundry and Coin Car Wash
Executive Summary
This coin laundry and car wash retail building, built in 2018, offers an excellent opportunity for investors seeking a recession-proof business. With $1.3M in gross sales and a strong synergy between the coin laundry and car wash, this property stands out as a robust investment. Located in a 5,700 SF space, the business and real estate are being sold together for an asking price of $7,750,000 ($1,360/SF), with an attractive 8.45% cap rate. The property benefits from newer equipment and a well-established anchor business, and 85% SBA loans are available to qualified buyers. Positioned in Greater Los Angeles, this property offers a stable income stream in a market with limited new supply and continued demand for retail space.
Data Room Click Here to Access
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$105,000
|
$18.42
|
| Taxes |
$5,000
|
$0.88
|
| Operating Expenses |
$37,000
|
$6.49
|
| Total Expenses |
$42,000
|
$7.37
|
| Net Operating Income |
$63,000
|
$11.05
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $105,000 |
| Annual Per SF | $18.42 |
| Taxes | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $0.88 |
| Operating Expenses | |
|---|---|
| Annual | $37,000 |
| Annual Per SF | $6.49 |
| Total Expenses | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $7.37 |
| Net Operating Income | |
|---|---|
| Annual | $63,000 |
| Annual Per SF | $11.05 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,700 SF
Building Class
B
Year Built
2018
Price
$7,750,000
Price Per SF
$1,360
Cap Rate
8.50%
NOI
$658,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Land Acres
0.49 AC
Opportunity Zone
Yes
Zoning
LCC3 - Business & Real Estate
Parking
23 Spaces (4.04 Spaces per 1,000 SF Leased)
Frontage
127 FT on West 106th Street
Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 6060-016-027 | Total Assessment | $2,888,606 (2024) |
| Land Assessment | $2,228,536 (2024) | Annual Taxes | $5,000 ($0.88/SF) |
| Improvements Assessment | $660,070 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
6060-016-027
Land Assessment
$2,228,536 (2024)
Improvements Assessment
$660,070 (2024)
Total Assessment
$2,888,606 (2024)
Annual Taxes
$5,000 ($0.88/SF)
Tax Year
2023
-
Richard Kim -
Peter Lee -
Coldwell Banker Best Realty
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10601 S Vermont Ave
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