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North Hollywood Laundromat Owner Faces Bankruptcy After Violent Robbery

1/22/2026

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Summary

Story summary

Varden Kostanian, owner of five North Hollywood laundromats, faces potential bankruptcy after a violent robbery injured his wife.
The January 21 incident saw a man attack patrons and strike Kostanian's wife, with police arresting the suspect on-site.
He now considers 24-hour security beyond the current nighttime guard.
North Hollywood has a crime rate of 36 incidents per 1,000 residents and crime costs of $518 per person.

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Story summary

Varden Kostanian, owner of five North Hollywood laundromats, faces potential bankruptcy after a violent robbery injured his wife.
The January 21 incident saw a man attack patrons and strike Kostanian's wife, with police arresting the suspect on-site.
He now considers 24-hour security beyond the current nighttime guard.
North Hollywood has a crime rate of 36 incidents per 1,000 residents and crime costs of $518 per person.