1480 Colorado Blvd Bureau 1 309 m² 100 % Loué À vendre Los Angeles, CA 90041 4 262 247 € (3 256,10 €/m²)

Encore Realty Group is pleased to present 1480 Colorado Boulevard, a 14,090 square foot multi-tenant office and medical building on a 15,364 square foot lot in the heart of Eagle Rock's Colorado Boulevard corridor. The property sits on one of Northeast Los Angeles's strongest commercial thoroughfares, minutes from Pasadena, Glendale, and the 134 Freeway, in a submarket anchored by medical, professional, and creative users.
The offering is built for an owner-user. Roughly half of the building's suites are occupied on month to month holdover, giving a buyer the ability to occupy approximately 7,400 square feet at the close of escrow, in excess of the 51% owner occupancy required for SBA 504 financing, while the remaining suites stay leased and generate offsetting income. With SBA 504 financing, a qualified owner-user can control the building with as little as 10% down.
The in-place rent roll bills approximately $269,000 per year at a blended rate of $1.59 per square foot per month, well below prevailing rates for office and medical space on this corridor, leaving meaningful mark-to-market upside for an investor as leases roll. The property also carries long-term optionality: LAC4 is among the City of Los Angeles's highest-intensity commercial zones, permitting significant mixed-use density on the 15,364 square foot parcel.
With on-site parking for approximately 23 vehicles, established medical and health-services tenancy, and pricing at $351 per square foot, 1480 Colorado Boulevard offers a rare combination of immediate occupancy, current income, and long-term land value on a premier Northeast LA corridor.