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Executive Summary

Stand-Alone Commercial Property – Signalized Corner Location
Stand-alone commercial property located at a signalized intersection, offering excellent visibility and consistent daily traffic exposure. The site features a single-story building with approximately 5,141 SF of gross leasable area, situated on a 12,408 SF lot, providing an efficient layout for customer access, parking functionality, and high-utility commercial operations.
Constructed in 2016, the building is in good operating condition and designed for flexible commercial use. The property is well suited for a coin laundromat, restaurant support use, or other neighborhood-serving retail businesses permitted under C2 zoning.
The single-story configuration provides full operational efficiency, utilizing the entire 5,141 SF floor plate with minimal wasted space, maximizing revenue-generating square footage. The location benefits from a dense surrounding residential population, driving consistent foot traffic and repeat customer demand.
Price Adjustment – Strong Opportunity
The asking price has been adjusted downward by $100,000, creating an attractive opportunity for both owner-users and investors seeking a well-located commercial asset with long-term upside.
This property can be particularly strategic for restaurant operators or other high cash-flow businesses looking to diversify income streams, hedge taxable income, and generate additional recurring cash flow through a complementary business such as a laundromat.
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Property Highlights
• Approx. 5,141 SF building
• 12,408 SF land area
• Built in 2016 modern construction
• Single-story commercial structure
• C2 zoning – flexible commercial use
• High-visibility corner location
• Strong surrounding residential density
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Tax Advantage – 2026 Coin Laundromat Purchase
Section 179 & Bonus Depreciation Opportunity
Buyers acquiring this coin laundromat in 2026 may benefit from accelerated depreciation provisions preserved under the Big Beautiful Bill, which maintain and enhance Section 179 and bonus depreciation treatment for qualifying equipment.
Commercial laundry equipment generally qualifies as tangible personal property, allowing a significant portion of the equipment cost to be expensed in the first year rather than depreciated over a long schedule.
Potential benefits include:
• Significant first-year tax write-offs
• Improved after-tax cash flow
• Lower effective acquisition cost
• Strong tax planning strategy for high-income restaurant operators or business owners

Property Facts

Sale Type
Owner User
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,141 SF
Building Class
B
Year Built
2016
Price
$7,848,980 CAD
Price Per SF
$1,526.74 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.28 AC
Zoning
C2 - Commercial
Frontage
108’ on S Main St
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100

Nearby Major Retailers

Yoshinoya
Bank of America
Community Bank

Property Taxes

Property Taxes

Parcel Number
6031-007-039
Land Assessment
$2,367,147 CAD
Improvements Assessment
$3,402,776 CAD
Total Assessment
$5,769,923 CAD
  • Listing ID: 39291584

  • Date on Market: 2026-02-02

  • Last Updated:

  • Address: S Main St., Los Angeles, CA 90003

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