North Hollywood Retail for Sale
*************Do not disturb nor communicate with attendants working inside the laundromat***************
10504 Victory Boulevard represents a long-term investment opportunity that offers a chance to own a laundromat with a long-term NNN lease. This sale was originally being offered as just the real estate, but seller is now considering a joint sale with the laundromat business and all equipment included. Buyer would need to have SBA or lender preapproval in advance of submitting offer. Real Estate - $1,440,000. Business - $955,000. Total Sale Price - $2,395,000.
This striking laundromat, featured on the hit TV show "The Wonder Years," is a standalone 1,722-square-foot building with midcentury commercial architecture and highly visible signage. The tenant, Laundry Love, provides self-service, wash-and-fold, commercial services, Airbnb client services, and complimentary pick-up and delivery. The business boasts a modern and welcoming atmosphere, flexible payment options, and ample on-site parking.
Remodeled three years ago, the property itself now features new electrical panels, copper piping, water heaters, gas lines, LED lighting, and an updated roof with a 20-year warranty. The office space and store underwent a facelift, featuring new subway tile, flat-screen TVs, surveillance systems, and fresh paint. Major revenue generators include 80 laundry machines and a vending machine offering detergent, softener, food, and drink. Additional revenue potential exists with a water station and an outdoor vacuum unit for car washing.
Located at a desirable corner off Victory Boulevard and N Clybourn Avenue, with a daily traffic count of 48,66 vehicles, this site has incredible visibility and exposure. 10504 Victory Boulevard is moments away from major retailers and esteemed dining establishments. North Hollywood, California, is a high-density residential area comprising 43.48% of apartments and 76% of residents renting their homes, and a population of over 104,520 people.
Don't miss out on an exceptional opportunity to purchase an income-generating commercial opportunity at the border of North Hollywood and Burbank. The billboard is not a part of this real estate, nor is it owned by or related to the same selling entity. Buyers must agree to allow for the sale and assignment of the new business owner should a sale were to occur in the future. The representing broker holds a non-majority interest in both the real estate and the business at this property.
