Brand New Coin Laundry Business & Real Estate

$950,000

8300 S. Normandie, Los Angeles, CA 90044

For Sale

Retail Street Retail

Active

Last Updated: 11/15/2021

Details:

Building Size: 2,464 sqft

Lot Area: 0.1328 acres

Occupancy: 100%

Year Built: 1972

Offered by

David Yashar

Director

Keller Williams Austin

#01102638

Request Info to Unlock

Highlights:

APPROX. 2,464 SF LAUNDROMAT LOCATED AT A SIGNALIZED INTERSECTION.
NEWLY RENOVATED IN 2020!!!
ADDITIONAL INCOME PROVIDED BY A DOUBLE SIDED BILLBOARD!!!
GOOD VISIBILITY: BLOCK TO BLOCK FRONTAGE WITH APPROX. 77 FEET ALONG NORMANDIE AVE.
ON-SITE PARKING IN ADDITION TO PLENTY OF STREET PARKING.
GREAT DEMOGRAPHICS; OVER 40,000 PEOPLE RESIDE WITHIN A 1-MILE RADIUS

Description:

KW Commercial is pleased to present this single-tenant real estate opportunity in a densely populated area of South Los Angeles. The property consists of a 2,464 SF Laundromat on a LA-C2 Zoned signalized corner lot. The property has great visibility fronting block to block with 77 FEET of frontage along Normandie Ave.

The Laundromat has been newly renovated and consists of all Dexter branded machines, which include approximately 36 front loading washers, 6 top-loading washers, and 34 stacked dryers. There are also 3 vending machines providing clients with soap, drinks, and snacks. The facility has been set up with surveillance cameras and 2 flat screen televisions inside the laundromat.

This offering will attract an owner/user or an investor looking for a signalized corner located single-tenant property, with a newly renovated coin laundry business, in a densely populated area.

The Subject property is located on the eastern side of Normandie Ave. fronting block to block between 83rd St. & 83rd Pl.

It is conveniently located 1/4 of a mile north of Manchester Ave. & 1/2 of a mile east of Western Ave. It is also just 1 mile west of the 110 FWY.

Schools in the immediate location consist of Raymond Ave Elementary School, Frederick KC Price III Christian Schools, 74th Street Elementary School, SEA Charter School, Brethren Elementary and Junior High School, La Salle Ave Elementary School, Manchester Ave Elementary School, just to name a few.

The area provides excellent demographics with over 40,000 people residing within a 1-mile radius and over 390,000 people residing within a 3-mile radius.