2561 Colorado Blvd, Los Angeles, CA, 90041

USD 2,150,000
For Sale MLS: V1-35343

Property Details

Bathrooms

1

Property Type

multi family

Description

Multi Family in Los Angeles, CA - Bedrooms: 0 - Bathrooms: 1 - Area: N/A - Year Built: 1940 - Lot: 7505 sqft

Listing Agent: Byron Wood Brokerage: Sotheby's International Realty - Westlake Village Brokerage

11-unit apartment complex ideally situated in the heart of Eagle Rock, directly across from Eagle Rock Center, presenting a compelling investment opportunity. The property is fully occupied with stable rental income in place.Strategically located with convenient access to the 2 and 134 freeways, as well as premier shopping, dining, and local schools. Several units have undergone recent updates, offering upside potential for further value enhancement.Zoned C4, providing flexibility for a range of commercial and residential uses (buyer to verify with the City of Los Angeles). The unit mix includes studios, one 3-bedroom unit, and two separate 2-bedroom units, catering to a diverse tenant base.

Location

Address

2561 Colorado Blvd, Los Angeles, CA, 90041

City

Los Angeles

Features and Finishes

Full Bathrooms: 1, Additional Parcels: No, Land Lease: No, Lot Description: Sprinklers None, Lot Dimensions Source: Public Records, Lot Size Acres: 0.1723, Lot Size Dimensions: 50x150, Lot Size Source: Public Records, Lot Size Square Feet: 7505, Gross Income: 191027, Gross Scheduled Income: 181476, Rent Control: No, Community Features: Valley, Bedrooms in Unit-1: 0, Total Bathrooms in Unit-1: 1, Full Bathrooms in Unit-1: 1, Unit-1 Furnished Description: Unfurnished, Unit 1 Total Actual Rent: 735, Source Listing Status: Active, County: Los Angeles, Source Property Type: Residential Income, Insurance Expense: 12000, Area: 618 - Eagle Rock, Source Neighborhood: 618 - Eagle Rock, Number of Separate Electric Meters: 1, Number of Separate Gas Meters: 1, Number of Separate Water Meters: 1, Parcel Number: 5682013013, Zoning: LAC4, Net Operating Income: 105.59, Operating Expense: 75885, Year Built: 1940, Common Walls: No Common Walls, Property Age: 86, Property Attached: No, Building Total Stor

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