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 2,988 SF Laundromat on 5,536 SF LA-C2 Zoned signalized corner lot. The property has great visibility with 50 FT of frontage along Broadway and 111 FT of frontage along 59th Pl.

The laundromat is currently owned and operated by PWS - The Laundry Company (PWS, Inc.). PWS will be signing a 5-year leaseback at the close of escrow with (3) 5-year options. The Laundromat consists of all Speed Queen branded machines, which include 34 front loading washers, 16 top-loading washers, and 22 stacked dryers. There are also several vending machines which offer additional income providing clients with soap, drinks, and snacks. The facility has been set up with surveillance cameras and 5 flat screen televisions inside the laundromat.

This offering will attract an owner/user who would like to take advantage of this turn-key operation, the current business's clientele, good signalized corner location and excellent demographics.

The Business can be purchased for $235,000! The business will include all FF&E.

Location Description:

The subject property is located at the southwest signalized corner of S. Broadway & 59th Pl.

Local Schools include Aspire Slauson Academy, 61st Street Elementary School and Augustus Hawkings High School.

It is conveniently located less than 1/2 of a mile from the entrance to the 110 freeway.

The area provides excellent demographics with approximately 4,000 people residing within a 1/4 of a mile radius, approximately 15,000 people residing within a 1/2 of a mile radius and over 55,000 people reside within a 1-mile radius.