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2129-2133 Colorado Blvd 6,349 SF 100% Leased Retail Building Eagle Rock, CA 90041 $4,760,000 ($749.72/SF) 6.05% Cap Rate
INVESTMENT HIGHLIGHTS
- Corner building enjoys beautiful bow-truss ceilings
- Prime investment opportunity with stabilized cash flows from a mix of established local tenants
- Close proximity to Glendale, Highland Park, and Pasadena
- Renovated in 2016
EXECUTIVE SUMMARY
This highly visible corner asset, renovated in 2016, presents a prime investment opportunity with stabilized cash flows from a strong mix of established local tenants. The property features substantial frontage along Colorado Boulevard and is well-maintained, reflecting clear pride of ownership. Unit 2133 benefits from two liquor licenses (Types 6 and 74), while Unit 2131 holds a Type 41 CUB license. With a solid tenancy track record of 5–10 years of performance and operations in the building, investors can expect reliable income. The building boasts beautiful bow-truss ceilings and sits in a vibrant location near Glendale, Highland Park, and Pasadena. It enjoys excellent walkability with a 91/100 Walk Score, high visibility with an average daily traffic count of 34,000 on Colorado Boulevard, and is surrounded by a strong demographic base, with an average household income of $124,341 within a one-mile radius.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,349 SF
Building Class
C
Year Built
1947
Price
$4,760,000
Price Per SF
$749.72
Cap Rate
6.05%
NOI
$288,213
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.83
Lot Size
0.18 AC
Zoning
[Q]C4-1XL
Parking
8 Spaces (1.26 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Mezzanine
- Restaurant
- Signage
- Signalized Intersection
Walk Score®
Walker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5671-010-003 | Improvements Assessment | $873,668 |
| Land Assessment | $2,043,141 | Total Assessment | $2,916,809 |
PROPERTY TAXES
Parcel Number
5671-010-003
Land Assessment
$2,043,141
Improvements Assessment
$873,668
Total Assessment
$2,916,809
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2129-2133 Colorado Blvd
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