Skip To Content

    1617 Colorado Boulevard

    Eagle Rock, CA 90041
    • $1,532,500
    • STATUS: Active
    • ON SITE: 103 days
    • ID#: BB21079126
    UPDATED: 60 min ago
    $1,532,500
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Excellent location on Colorado Boulevard in the heart of popular and trendy Eagle Rock! Building consists of eight (8) basic but well maintained office suites, four (4) of which are occupied by the same tenant, all on short term leases. Ideal for an investor who is looking for in-demand easy to rent small office spaces OR for an owner-user who wishes to occupy all or a portion of the space. Rents are currently under market so there is definitely upside here with an opportunity to increase rents in the near future. Electric is separately metered and trash pick up costs will soon be passed on to tenant. Future development possibilities should also be considered.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T10:25:21.66. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/116346267
    Print Image

    1617 Colorado Boulevard Eagle Rock, CA 90041

    • Price: $1,532,500
    • Status: Active
    • Updated: 60 min ago
    • ID#: BB21079126
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1961
    Built
    Neighborhood:
    618 - Eagle Rock
    County:
    Los Angeles
    Area:
    618 - Eagle Rock
    Property Description
    Excellent location on Colorado Boulevard in the heart of popular and trendy Eagle Rock! Building consists of eight (8) basic but well maintained office suites, four (4) of which are occupied by the same tenant, all on short term leases. Ideal for an investor who is looking for in-demand easy to rent small office spaces OR for an owner-user who wishes to occupy all or a portion of the space. Rents are currently under market so there is definitely upside here with an opportunity to increase rents in the near future. Electric is separately metered and trash pick up costs will soon be passed on to tenant. Future development possibilities should also be considered.
    Exterior Features

    Construction Materials Stone VeneerStucco Entry Level 1 Lot Features LevelPavedRectangular Lot Open Parking Spaces 6 Parking Total 6 Roof Flat Sign On Property YN Yes

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Additional Parcels YN No Building Name Eagle Rock Bldg Business Type Administrative And SupportMulti-Tenant Cap Rate 3.53 Common Interest None Current Financing None Gross Scheduled Income 60084 Insurance Expense 1191 Land Lease YN No Laundry Features None Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 54042 Number Of Units Leased 8 Other Expense 1100 Property Sub Type Office Special Listing Conditions StandardTrust Tax Annual Amount 1591 Tax Year 2020 Trash Expense 1315 Utilities Electricity ConnectedSewer ConnectedWater Connected Water Sewer Expense 845 Water Source Public Zoning Lac4

    Listing provided courtesy of Thomas Masterani of Dilbeck Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T10:25:21.66. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365395166-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365395166-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_365395166-2.jpg
    Logo
    Keller Williams Realty
    ,