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27040737
27040736

7930 Eastern Ave, Bell Gardens, CA 90201

TA
CA 02046483
First Team Real Estate Newport Beach
Listed by First Team Real Estate Newport Beach
$3,000,000
264 days on market
Updated 61 days ago
Opportunity zone

7930 Eastern Ave Bell Gardens

Details
APN 6227-017-024
Property Type Multifamily, Retail
Sub Type Laundromat
Square Footage 4,000
Zoning M-U
Investment Type Redevelopment

Laundromat with mix-use redevelopment

Marketing description

Established, turnkey coin-operated laundromat at 7930 Eastern Avenue, Bell Gardens, CA 90201. This 4,000 SF building on a 9,413 SF lot (built 1981) sits on a high-traffic corridor with +/-8 on-site parking spaces plus ample street parking. Zoned M-U (Mixed-Use Commercial/Residential), offering flexible redevelopment potential—build residential units above or pursue full site redevelopment (buyer to verify buildability with City Planning).

Investment highlights

  • Established Cash-Flowing Operation: Turnkey coin-operated laundromat generating strong gross revenue growth from $257,587 (2020) to $351,533 (2024 YTD), providing immediate income potential in a recession-resistant business model.

  • Comprehensive Equipment Package Included: Fully equipped with 51 washers (20-80 lb capacities) and 35 dryers (30-45 lb stacks), plus vending systems (2 VTM machines, soda/snack vendors, soap dispensers), 4 new Navien tankless water heaters (2024 install, 5-year warranty), 11-camera security, and amenities like 4 TVs and 12 laundry baskets—all valued and integrated into the offering.

  • Recent Capital Upgrades for Efficiency: Modern app-based wash card readers enable remote monitoring and payments; 3 of 5 swamp coolers set for replacement next month, minimizing CapEx and enhancing operational reliability.

  • Prime High-Traffic Location: Situated on bustling Eastern Avenue with 21,000+ daily vehicles nearby (2022 data), near I-710/I-5 freeways, in a dense renter-dominated market (81% renter-occupied within 1 mile, 39,263 population, median age 32)—ideal for steady local foot traffic.

  • Mixed-Use Redevelopment Upside: Zoned M-U (Mixed-Use Commercial/Residential) on a 9,413 SF lot with 4,000 SF building; potential for residential units above or full site redevelopment (buyer to verify with City Planning), unlocking significant value-add in a growth-oriented LA County submarket.

  • Low-Barrier Entry with Growth Potential: Unpriced offering invites best bids post-due diligence; NDA unlocks detailed financials. +/-8 on-site parking spaces plus street parking support scalability in a community-focused area with vibrant retail and amenities.

Listing Contacts

TA
CA 02046483
First Team Real Estate Newport Beach
Listed by First Team Real Estate Newport Beach

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Additional Information

Name
Tom Aragone
License
02046483
Brokerage
First Team
Title
CA
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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