1823 Colorado Boulevard, Los Angeles CA, 90041

Sold

1823 Colorado Boulevard

Los Angeles CA, 90041

$1,900,000

$296.32 per sqft

Sold

6,412 sqft

Residential

Built in 1920

Listed by Justin McCardle with GIG Real Estate Inc. 626-594-4901

Take a look at this 12 Unit Value Add opportunity in Eagle Rock. The property is in a great Eagle Rock location, on Colorado Blvd, within walking distance to shops, restaurants, and nightlife located adjacent to one of the nicest residential neighborhoods in the area. The Colorado Apartments have the 1920's charm, as well as parking for all units. Eagle Rock is a strong rental market with high demand for rental units in the area, and 66% +/- upside in rents for the next owner. Properties like this don't come up very often, as Eagle Rock has many long term owners, giving a high barrier to entry in a market that sees minimal multi-family transactions per year. There is currently one vacant, allowing the next owner to take the unit to market rent. This building has a nice unit mix/ count making it a great addition to all sized Multi-family portfolios.

AR22159951

MLSⓇ ID

July 20, 2022

Listed

March 23, 2024

Updated

Map

1823 Colorado Boulevard
Los Angeles CA, 90041

Interior Features

Laundry Description: None
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.28 Acres
Sewer: Public Sewer

Other Property Details

Area Name: 618 - Eagle Rock
Days on Market: 63
Garage: No
Parking Total: 0
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: LAC4
Buyer Agency Compensation: 2%

Listing Contact: 626-594-4901

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:42 AM UTC