21011 Pioneer Boulevard Active Save Request In-Person Tour Request Virtual Tour
Lakewood,CA 90715
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC-24161715
Year Built 1963
Lot Size 0.385 Acres
Property Description
Car Wash & Lube Business with Real Estate - High-Traffic Corner Lot in Lakewood, CA This is a fully remodeled car wash and lube center located on a signalized corner lot in Lakewood, CA--offering a solid-performing business with strong fundamentals and room to grow. Key Details: 2024 Revenue: $980,000+ Net Income: Approx. $240,000 Asking Price: $3,700,000 Cap Rate: ~6.5 Real Estate: Included - appraised at $3.1M in 2022 Equipment: Brand-new Sonny's systems and express lane setup Location: Dense residential and commercial corridor with 2.3M residents and 224,000 employees within 10 miles Growth Potential: The business is operational and profitable, but there's clear upside for a buyer with hands-on experience or strong management. Current operations lack structure and oversight--leaving efficiency, labor, and marketing largely untapped. With a more strategic approach, there is immediate potential to scale service volume, implement memberships, or expand detailing services. Why This Deal Makes Sense: No major capital improvements needed Real estate value provides strong underlying security High-volume traffic corridor supports long-term growth Ideal for an owner-operator or investor looking for both income and property value Showings available by appointment. NDA required for full financials. Investment Highlights Turnkey Operation - Fully remodeled and operational car wash and lube center with modern express lane setup and brand-new Sonny's equipment. Prime Real Estate - Fee simple ownership of a signalized corner lot in a dense Los Angeles County submarket. Appraised at $3.1M in 2022, with property values continuing to rise. Strong Financials - Over $980,000 in revenue and approximately $240,000 in net income for 2024. Solid cap rate at ~5.7% based on current asking price. High Traffic & Visibility - Located at a major intersection with strong daily vehicle counts and exceptional visibility. Easy access from multiple directions. Massive Local Market - Over 2.3 million residents and 224,000 employees within a 10-mile radius fuel a steady stream of customers. Scalable Opportunity - Business is under-managed and ripe for operational improvements. A more engaged owner or professional team can expand services, introduce membership models, and optimize labor for immediate upside. No Major CapEx Required - All major improvements have already been made. Buyer can focus on growth from day one.
Location
State CA
County Los Angeles
Area 28 - Lakewood City
Others
Virtual Tour https://vimeo.com/741668028/92c8fa59a1