Property Detail

Description

Single Tenant NNN 7.97% CAP RATE at Asking Price. Used to be a laundry mat. Property is plumbed out for laundry and has heavy power to operate a laundry business. Current tenant has been there since 2023 and just exercised an option to extend the lease for another 3 years. Roof was replaced several years ago and is said to be in good condition per ownership. High Cash Flow Deal with a great Cap Rate. Not City of Los Angeles.