coin laundry development opportunity€¦ · coin laundry development opportunity providencia...

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Information deemed reliable but not guaranteed. 1200 Nadeau Street - Los Angeles, CA 90001 Coin Laundry Development Opportunity Providencia Properties is proud to present 1200 Nadeau, a fully entitled coin laundry development opportunity. Located on Nadeau St, a major 4 lane east-west thoroughfare, and just east of bustling Central Ave, this prime laundromat location benefits from maximum exposure, excellent demographics, and abundant parking. Total building size is 6,318 sq ft with 4,343 sq ft consisting of a brand new coin laundry and 1,975 sq ft available for a complimentary business or leased for additional revenue. Situated on an expansive 18,000 sq ft lot, with bountiful parking and effortless accessibility, this new coin laundry will be sure to dominate the market by capitalizing on both the numerous neighborhood clientele and an expansive more distant customer base who appreciate hassle free parking and accessibility not available at other area laundromats. Building permits to be included in the sale of the property, offering a shovel ready project to begin construction immediately upon close of escrow. This presents a tremendous opportunity to greatly reduce development risk and associated costly holding times and expensive development costs and fees. Offered at $2,595,000 2.5% to cooperating brokers 6,318 SF Bldg 18,000 SF Lot JEFF S. KUZMA 818.209.2768 [email protected] 5015 Eagle Rock Blvd, Suite 215 Los Angeles, CA 90041 www.PROVIDENCIAPROPERTIES.net lic# 01848217 Property Bldg SqFt Lot SqFt Parking Spaces Coin Laundry Development Opportunity - *Fully Entitled 6,318 18,000 25 Site Elevation * Building Permits expected to be obtained in October 2017

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Page 1: Coin Laundry Development Opportunity€¦ · Coin Laundry Development Opportunity Providencia Properties is proud to present 1200 Nadeau, a fully entitled coin laundry development

Information deemed reliable but not guaranteed.

1200 Nadeau Street - Los Angeles, CA 90001

Coin Laundry Development Opportunity

Providencia Properties is proud to present 1200 Nadeau, a fully entitled coin laundry development opportunity. Located on Nadeau St, a major 4 lane east-west thoroughfare, and just east of bustling Central Ave, this prime laundromat location benefits from maximum exposure, excellent demographics, and abundant parking. Total building size is 6,318 sq ft with 4,343 sq ft consisting of a brand new coin laundry and 1,975 sq ft available for a complimentary business or leased for additional revenue. Situated on an expansive 18,000 sq ft lot, with bountiful parking and effortless accessibility, this new coin laundry will be sure to dominate the market by capitalizing on both the numerous neighborhood clientele and an expansive more distant customer base who appreciate hassle free parking and accessibility not available at other area laundromats.Building permits to be included in the sale of the property, offering a shovel ready project to begin construction immediately upon close of escrow. This presents a tremendous opportunity to greatly reduce development risk and associated costly holding times and expensive development costs and fees.

Offered at $2,595,0002.5% to cooperating

brokers

6,318 SF Bldg 18,000 SF Lot

JEFF S. KUZMA

818.209.2768

[email protected]

5015 Eagle Rock Blvd, Suite 215 Los Angeles, CA 90041

www.PROVIDENCIAPROPERTIES.net lic# 01848217

Property Bldg SqFt Lot SqFt Parking Spaces

Coin Laundry Development Opportunity - *Fully Entitled 6,318 18,000 25

Site

Elev

atio

n

* Building Permits expected to be obtained in October 2017

Page 2: Coin Laundry Development Opportunity€¦ · Coin Laundry Development Opportunity Providencia Properties is proud to present 1200 Nadeau, a fully entitled coin laundry development

Information deemed reliable but not guaranteed.

1200 Nadeau Street - Los Angeles, CA 90001

5015 Eagle Rock Blvd Suite 215Los Angeles, CA 90041

www.PROVIDENCIAPROPERTIES.net

Site Plan

Property Bldg SqFt Lot SqFt Parking Spaces

Coin Laundry Development Opportunity - *Fully Entitled 6,318 18,000 25

Page 3: Coin Laundry Development Opportunity€¦ · Coin Laundry Development Opportunity Providencia Properties is proud to present 1200 Nadeau, a fully entitled coin laundry development

Information deemed reliable but not guaranteed.

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OFFICE

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SALESOFFICE

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122' 6"

EE

2' 0"

3030 3030 3030 4545 303030303030 303030304545 45453030 3030 45453030

07/05/12

PROPERTY OF:Golden State Laundry Systems

Contact: Shanon Moulton951-795-2022

E Mail: [email protected] refer to engineering drawings for details. This drawing is being submitted for the purpose of equipment placement only. Refer to factory

specifications for exact details.

EQUIPMENT LIST12 TOP LOAD WASHERS14 25 LB FL WASHERS20 45 LB FL WASHERS10 62 LB FL WASHERS4 80 LB FL WASHERS

26 STACK 30 LB DRYERS8 STACK 45 LB DRYERS

2 SINGLE 83 LB DRYERS2 CHANGE MACHINES

1 BILL TO BILL CHANGERBOILER / TANK

ELECTROLUXEQUIPPED

COIN LAUNDRY

1200 NADEAU STLOS ANGELES WASHER LBS = 2334

DRYER LBS = 2446W/D RATIO = 1/1.05

8383 3030

F O L D

FOLD35' 4"

8' 0"

8' 0"

8' 0"

2' 0

"

30303030

30303030

Tank

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8080

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6' 9"

6' 0"

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TL8080

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TL

6' 6"

FOLD

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6262

4545

4545

2525

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6' 6" 6' 6" 6' 6" 7' 6"6' 6"6' 6"6' 6"7' 6"

F O L DVendVend VendVend

1200 Nadeau Street - Los Angeles, CA 90001

Property Bldg SqFt Lot SqFt Parking Spaces

Coin Laundry Development Opportunity - *Fully Entitled 6,318 18,000 25

Page 4: Coin Laundry Development Opportunity€¦ · Coin Laundry Development Opportunity Providencia Properties is proud to present 1200 Nadeau, a fully entitled coin laundry development

Information deemed reliable but not guaranteed.

Demographic and Income Profile1200 Nadeau St, Los Angeles, California, 90001 Prepared by EsriRing: 0.5 mile radius Latitude: 33.96743

Longitude: -118.25410

Summary Census 2010 2017 2022Population 17,030 17,817 18,383Households 3,969 4,098 4,207Families 3,364 3,479 3,575Average Household Size 4.28 4.34 4.36Owner Occupied Housing Units 1,456 1,426 1,453Renter Occupied Housing Units 2,513 2,672 2,754Median Age 26.2 26.8 28.6

Trends: 2017 - 2022 Annual Rate Area State NationalPopulation 0.63% 0.84% 0.83%Households 0.53% 0.77% 0.79%Families 0.55% 0.77% 0.71%Owner HHs 0.38% 0.67% 0.72%Median Household Income 0.66% 2.66% 2.12%

2017 2022 Households by Income Number Percent Number Percent

<$15,000 701 17.1% 735 17.5%$15,000 - $24,999 668 16.3% 670 15.9%$25,000 - $34,999 618 15.1% 577 13.7%$35,000 - $49,999 653 15.9% 617 14.7%$50,000 - $74,999 721 17.6% 686 16.3%$75,000 - $99,999 385 9.4% 471 11.2%$100,000 - $149,999 261 6.4% 326 7.7%$150,000 - $199,999 53 1.3% 68 1.6%$200,000+ 38 0.9% 57 1.4%

Median Household Income $36,020 $37,226Average Household Income $47,441 $52,789Per Capita Income $10,914 $12,073

Census 2010 2017 2022 Population by Age Number Percent Number Percent Number Percent

0 - 4 1,710 10.0% 1,768 9.9% 1,822 9.9%5 - 9 1,564 9.2% 1,627 9.1% 1,572 8.6%10 - 14 1,726 10.1% 1,575 8.8% 1,597 8.7%15 - 19 1,759 10.3% 1,596 9.0% 1,479 8.0%20 - 24 1,441 8.5% 1,746 9.8% 1,514 8.2%25 - 34 2,610 15.3% 2,998 16.8% 3,171 17.2%35 - 44 2,284 13.4% 2,240 12.6% 2,441 13.3%45 - 54 1,899 11.2% 1,838 10.3% 1,910 10.4%55 - 64 1,096 6.4% 1,337 7.5% 1,503 8.2%65 - 74 507 3.0% 683 3.8% 883 4.8%75 - 84 302 1.8% 289 1.6% 364 2.0%

85+ 132 0.8% 118 0.7% 127 0.7%Census 2010 2017 2022

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 4,905 28.8% 5,195 29.2% 5,523 30.0%Black Alone 3,063 18.0% 2,951 16.6% 2,861 15.6%American Indian Alone 97 0.6% 96 0.5% 95 0.5%Asian Alone 22 0.1% 23 0.1% 25 0.1%Pacific Islander Alone 5 0.0% 5 0.0% 5 0.0%Some Other Race Alone 8,315 48.8% 8,883 49.9% 9,187 50.0%Two or More Races 623 3.7% 663 3.7% 687 3.7%

Hispanic Origin (Any Race) 13,834 81.2% 14,738 82.7% 15,397 83.8%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.

August 17, 2017

©2017 Esri Page 1 of 6

Page 5: Coin Laundry Development Opportunity€¦ · Coin Laundry Development Opportunity Providencia Properties is proud to present 1200 Nadeau, a fully entitled coin laundry development

Information deemed reliable but not guaranteed.

Demographic and Income Profile1200 Nadeau St, Los Angeles, California, 90001 Prepared by EsriRing: 0.5 mile radius Latitude: 33.96743

Longitude: -118.25410

AreaStateUSA

Trends 2017-2022Trends 2017-2022

Ann

ual R

ate

(in

perc

ent)

2.5

2

1.5

1

0.5

0Population Households Families Owner HHs Median HH Income

20172022

Population by AgePopulation by Age

Perc

ent

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2017 Household Income 2017 Household Income

<$15K17.1%

$15K - $24K16.3%

$25K - $34K15.1%

$35K - $49K15.9%

$50K - $74K17.6%

$75K - $99K9.4%

$100K - $149K6.4%

$150K - $199K1.3%

$200K+0.9%

2017 Population by Race2017 Population by Race

Perc

ent

45

40

35

30

25

20

15

10

5

0White Black Am. Ind. Asian Pacific Other Two+

2017 Percent Hispanic Origin: 82.7%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.

August 17, 2017

©2017 Esri Page 2 of 6

Page 6: Coin Laundry Development Opportunity€¦ · Coin Laundry Development Opportunity Providencia Properties is proud to present 1200 Nadeau, a fully entitled coin laundry development

Information deemed reliable but not guaranteed.

Site Map1200 Nadeau St, Los Angeles, California, 90001 Prepared by EsriRings: 0.5, 1, 3 mile radii Latitude: 33.96743

Longitude: -118.25410

August 17, 2017

©2017 Esri Page 1 of 1

Broker has a financial interest in the property.