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Lavanderia-laundry 7904 S Central Ave 1,460 SF Retail Building Los Angeles, CA 90001 $799,000 ($547.26/SF) 7.97% Cap Rate
Investment Highlights
- 7.97 CAP RATE
- NNN TENANT
- SELLER FINANCING AVAILABLE
- TENANT EXERCISED OPTION TO EXTEND LEASE
Executive Summary
Single Tenant NNN 7.97% CAP RATE. The tenant just exercised the Option to Extend the Lease for an additional 3 years. Rent increases by 3% in October 2026. There is heavy power at the property due to the fact it was previously a laundry mat business with all the plumbing and gas lines still at the property. Roof was replaced in the last several years and is in good condition per ownership.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,460 SF
Building Class
C
Year Built
1946
Price
$799,000
Price Per SF
$547.26
Cap Rate
7.97%
NOI
$63,654
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
C3 - Check with the governing agency
Parking
10 Spaces (6.85 Spaces per 1,000 SF Leased)
Frontage
40’ on Central
Amenities
- Controlled Access
- Fenced Lot
- Signalized Intersection
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6028-001-014 | Improvements Assessment | $173,400 |
| Land Assessment | $408,000 | Total Assessment | $581,400 |
Property Taxes
Parcel Number
6028-001-014
Land Assessment
$408,000
Improvements Assessment
$173,400
Total Assessment
$581,400
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Lavanderia-laundry | 7904 S Central Ave
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