7119 Seville Avenue , E

    Huntington Park, CA 90255
    • $149,000
    • STATUS: Active
    • ON SITE: 8 days
    • ID#: DW19238381
    $149,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS

    School Ratings & Info

    Description

    Huge opportunity to show your client this laundromat business. The owner only works 3 hours per week and makes: $2,600 per month net in his pocket. Everything is detail oriented with this seller, located on a major plaza in the heart of Huntington Park surrounded by many apartment complexes. 1 employee works about 24.5 hours per week, while the other employee works 26.5 hours per week. 1 employee is really hands on with the machines and she has been working there for 35 years. Great strong lease with multiple lease options: current lease expires on: September 2021 and has 2 options of 5 years each. Landlord is flexible and fair. Coming soon: View the Supplementals for the breakdown of items. Per Seller: the current value of the furniture, fixtures, and equipment is about: $175,000. Owner's typical 3 hour work week consists of emptying out the change machines, re-loading change, and going to Costco to restock vending machines. No financing will be provided by Seller. Financing options are available. Free drain clean out in exchange for gumball machine space in laundromat.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.
    www.themarellygroup.com/homes/99716149

    7119 Seville Avenue , E Huntington Park, CA 90255

    • Price: $149,000
    • Status: Active
    • ID#: DW19238381
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    T5 - WalnutPk, HuntPk, Bell N of Florence, and Cud
    County:
    Los Angeles
    Area:
    T5 - WalnutPk, HuntPk, Bell N of Florence, and Cud
    Property Description
    Huge opportunity to show your client this laundromat business. The owner only works 3 hours per week and makes: $2,600 per month net in his pocket. Everything is detail oriented with this seller, located on a major plaza in the heart of Huntington Park surrounded by many apartment complexes. 1 employee works about 24.5 hours per week, while the other employee works 26.5 hours per week. 1 employee is really hands on with the machines and she has been working there for 35 years. Great strong lease with multiple lease options: current lease expires on: September 2021 and has 2 options of 5 years each. Landlord is flexible and fair. Coming soon: View the Supplementals for the breakdown of items. Per Seller: the current value of the furniture, fixtures, and equipment is about: $175,000. Owner's typical 3 hour work week consists of emptying out the change machines, re-loading change, and going to Costco to restock vending machines. No financing will be provided by Seller. Financing options are available. Free drain clean out in exchange for gumball machine space in laundromat.
    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Business Type Laundromat Country Us Equipment Value 175000 Exclusions Gumball Machine And The Claw Machine Are Excluded From Sale. Gross Operating Income 17104.00 Leasable Area 3040.00 Leasable Area Units Square Feet Lease Renewal Option YN Yes Monthly NNN 1775 Net Profit 2601 Number Of Full Time Employees 0 Number Of Part Time Employees 2 Operating Expense 14503.00 Total Actual Rent 5632.00 Year Established 1984

    Listing provided courtesy of Fernando Spindola of Excellence Re Real Estate and Anthony Amodeo of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.
     
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    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003