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1620 Colorado Blvd 10,308 SF 100% Leased Retail Building Los Angeles, CA 90041 $6,972,621 CAD ($676.43 CAD/SF)



INVESTMENT HIGHLIGHTS
- Ground Floor: ~5,000 SF of retail/commercial space with floor-to-ceiling frontage
- Rare On-Site Parking in a high-density urban setting
- Extremely high foot & vehicle traffic
- Upper Floor: Multi-family 1- & 2-bedroom units
- Prime Corner Location in the heart of Eagle Rock
EXECUTIVE SUMMARY
Please see 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/ owner-user.
The building itself features two floors, with a top floor that offers a number of multi-family one/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 ALL units could be delivered vacant prior to the close of escrow. The ground floor store is owner occupied and its delivery date is negotiable. DO NOT APPROACH THE TENANTS OR EMPLOYEES OF THE STORE IN REFERENCE TO THE SALE!
NOTE: HOLD STATUS. NO SHOWINGS OR OFFERS AT THIS TIME. PROCESSING CASH FOR KEYS. TEXT JIM BECKHAM FOR MORE INFORMATION at 323-394-3056.
MLS# P1-22878
The building itself features two floors, with a top floor that offers a number of multi-family one/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 ALL units could be delivered vacant prior to the close of escrow. The ground floor store is owner occupied and its delivery date is negotiable. DO NOT APPROACH THE TENANTS OR EMPLOYEES OF THE STORE IN REFERENCE TO THE SALE!
NOTE: HOLD STATUS. NO SHOWINGS OR OFFERS AT THIS TIME. PROCESSING CASH FOR KEYS. TEXT JIM BECKHAM FOR MORE INFORMATION at 323-394-3056.
MLS# P1-22878
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,308 SF
Building Class
C
Year Built
1912
Price
$6,972,621 CAD
Price Per SF
$676.43 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.99
Lot Size
0.24 AC
Zoning
LAC4
Parking
12 Spaces (1.16 Spaces per 1,000 SF Leased)
Frontage
216’ on Colorado Blvd
AMENITIES
- Bus Line
- Signalized Intersection
Walk Score®
Very Walkable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5689-017-006 | Improvements Assessment | $63,606 CAD |
| Land Assessment | $114,456 CAD | Total Assessment | $178,063 CAD |
PROPERTY TAXES
Parcel Number
5689-017-006
Land Assessment
$114,456 CAD
Improvements Assessment
$63,606 CAD
Total Assessment
$178,063 CAD
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