1620 Colorado Blvd - Freestanding FOR SALE


Los Angeles, CA 90041- Eagle Rock
$4,995,000 USD
323-394-3056
1620 Colorado Blvd, Los Angeles, CA for Sale
$4,995,000 USD
Freestanding - FOR SALE
1/31
null | Request Cap Rate

1620 Colorado Blvd
Los Angeles, CA 90041
Eagle Rock


HIGHLIGHTS

  • Ground Floor: ~5,000 SF of retail/commercial space with floor-to-ceiling frontage
  • Upper Floor: Multi-family 1- & 2-bedroom units
  • Rare On-Site Parking in a high-density urban setting
  • Prime Corner Location in the heart of Eagle Rock
  • Extremely high foot & vehicle traffic

OVERVIEW

Please see the end disclaimer... Iconic mixed-use property impacts the market for the first time in 75 years. This one-of-a-kind property with rare on-site parking offers a staggering number of possibilities, opening the door for any investor or owner-user. The building itself features two floors, with a top floor that offers a number of multi-family one- and two-bedroom units. The ground floor includes an estimated 5,000 square feet of retail/commercial space, with expansive floor-to-ceiling elements that significantly enhance the sense of scale for each space. The total building area is estimated at 10,000 square feet. This property is ideally located at one of the most vibrant, densely traveled intersections in Eagle Rock. The vibrancy creates a lively and active environment, with a mix of activities happening throughout the day and night. Residents benefit from immediate access to key neighborhood amenities, including Trader Joe's, Vons, Sprouts, Target, restaurants, cafes, coffeehouses, breweries, boutiques, arts venues, schools, parks, public transportation, and major freeways. The area continues to gentrify, drawing young professionals with its unique character and proximity to Los Angeles’ creative centers. It’s the perfect site! DISCLAIMER: The sale of this property is unique... NO OFFERING MEMORANDUM. The property has ZERO INCOME. All five 2nd floor multi-family units are tenant occupied with no leases and zero rent paid. Tenants pay utilities excluding water. One or two units will be delivered vacant at a time not yet determined following the close of escrow. The other multi-family units will remain tenant occupied following the close of escrow unless negotiated otherwise. The ground floor store is owner occupied and its delievery date is negotiable. Please submit all offers! All offers will be reviewed and presented upon receipt! DO NOT APPROACH THE TENANTS OR THE EMPLOYEES OF THE STORE IN REFERENCE TO THE SALE! NOTE: SALE PENDING. BACKUP OFFERS WELCOME.

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$485 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,280 SF

ZONING

LAC4

APN/PARCEL ID

5689-017-006

ASK ABOUT THIS PROPERTY

Jim BeckhamEngel & VolkersMore Info
323-394-3056

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Jim BeckhamEngel & VolkersMore Info
323-394-3056

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.