2450 Colorado Blvd
Los Angeles, CA 90041
Multifamily Property For Sale
·
15 Units
Property Facts
| No. Units | 15 | Building Size | 12,304 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.22/1,000 SF |
| Lot Size | 0.34 AC | ||
| Zoning | C4 | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 12,304 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | C4 |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
- Range
Site Amenities
- Laundry Facilities
About 2450 COLORADO BLVD , LOS ANGELES, CA 90041
This investment opportunity consists of a two-story garden apartment complex and contains 15- units constructed in 1962. This building is approximately 12,304 square feet situated on approximately 14,940 square feet of land. Unit Mix is comprised of 14- 2 bedroom 1 bathroom, 1- 3 bedroom + 1 3/4 bathroom units. Each unit has individual hot water heaters, double sink with garbage disposal, gas range/oven with hood combination. All units have gas wall heaters and in wall electric air conditioning units. The building amenities consist of laundry room with two washing machines and two dryer’s, parking for 15 cars. The property is separately metered for gas and electric. Rents are currently below market offering upside potential of approximately 17+/-. Since the building was built in 1962 it is currently subject to City of Los Angeles rent control ordinance. The rent control ordinance provides opportunity for future rent increases as below market tenants vacate and rents go to market as well rent increases to existing tenants set by the rent control annual limit. The property is located in the North Eagle Rock area of Los Angeles approximately 1/4 mile east of the Glendale Freeway (2) and south of the Ventura Freeway (134). The building is conveniently located for tenants shopping and transportation needs.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 14 | $1,300 | - |
| 3+2 | 1 | $2,404 | - |
Property Taxes
| Parcel Number | 5682-025-017 | Improvements Assessment | $1,857,337 |
| Land Assessment | $1,857,337 | Total Assessment | $3,714,674 |
Property Taxes
