1823 Colorado Boulevard, Los Angeles, CA 90041

About this property

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.

Listing description from the December 2022 sale, as reported to CRMLS.

Sale history

$1,900,000

Sold December 2022 · listed $2,288,000, on market July 2022 · MLS #AR22159951 · Source: CRMLS

Listing Agent: Justin McCardle · Listing Office: GIG Real Estate Inc. · Contact: 626-594-4901 · Bought with: Justin McCardle · GIG Real Estate Inc.

$1,337,500

Sold May 2014 · listed $1,500,000, on market January 2014 · MLS #214003062 · Source: CRMLS

Listing Agent: Juan Lastre · Listing Office: JohnHart Real Estate · Contact: 818-246-1099 · Bought with: Juan Lastre · JohnHart Real Estate

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