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Key Details
Sold Price $1,550,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 2,452 sqft
Price per Sqft $632
MLS Listing ID BB21079126
Sold Date 12/15/21
HOA Y/N No
Year Built 1961
Annual Tax Amount $1,591
Tax Year 2020
Lot Size 6,250 Sqft
Acres 0.1435
Lot Dimensions Public Records
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.
Location
State CA
County Los Angeles
Area 618 - Eagle Rock
Zoning LAC4
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Flat
Total Parking Spaces 6
Building
Lot Description Level, Paved, Rectangular Lot
Story 1
Water Public
Others
Tax ID 5669016013
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard, Trust
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Bought with Lorraine Getz • Compass
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