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1620 Colorado Boulevard, Los Angeles, California 90041, Los Angeles, 90041 - bed, bath

1620 Colorado Boulevard, Los Angeles, California 90041 home-pic-0
ACTIVE UNDER CONTRACT$4,995,000
1620 Colorado Boulevard, Los Angeles, California 90041
0Bed
0Bath
10,000Sqft
10,263Lot
Year Built
1912
Close
-
List price
$5M
Original List price
$5M
Price/Sqft
$500
HOA
-
Days on market
-
Sold On
-
MLS number
P1-22878
Home ConditionPoor
Features
Good View: City Lights, Hills, Mountain(s)
ViewCity Lights,Hills,Mountain(s)

About this home

We found 3 Cons,6 Pros. Rank: price - $5.00M(50th), sqft - 10000(50th), beds - undefined(50th), baths - undefined(50th).

Iconic mixed use property impacts the market for the first time in 75 years. This one of a kind property with rare on-site parking offers a staggering number of possibilites opening the door for any investor/owner-user. The building itself features two floors with a top floor that offers a number of multi-family one and two bedroom units. The ground floor includes an estimated 5,000 square feet of retail/commercial space, with expansive floor-to-ceiling elements that significantly enhance the sense of scale for each space. The total building area is estimated at 10,000 square feet. This property is ideally located at one of the most vibrant, densely traveled intersections in Eagle Rock. The vibrancy creates a lively and active environment with a mix of activities happening throughout the day and night. Residents benefit from easy access to nearby Trader Joe's, Vons, Sprouts, Target, restaurants, cafes, coffeehouses, breweries, boutiques, arts venues, schools, parks, public transportation and major fwys. The area continues to gentrify with young professionals drawn by its character and proximity to LA's creative centers. It's the perfect site!

Nearby schools

6/10
Dahlia Heights Elementary School
Public,•K-6•0.2mi
6/10
Rockdale Elementary School
Public,•K-6•0.6mi
8/10
Eagle Rock Elementary and Magnet Center
Public,•K-6•0.6mi
4/10
Annandale Elementary School
Public,•K-6•1.1mi
5/10
Yorkdale Elementary School
Public,•K-6•1.3mi
5/10
Buchanan Street Elementary School
Public,•K-6•1.4mi
6/10
Glenoaks Elementary School
Public,•K-6•1.5mi
5/10
Toland Way Elementary School
Public,•K-6•1.6mi
6/10
San Rafael Elementary School
Public,•K-5•1.7mi
9/10
Delevan Drive Elementary School
Public,•K-6•1.7mi
6/10
John Muir Elementary School
Public,•K-6•2.4mi
4/10
Roosevelt Elementary School
Public,•K-5•2.7mi
6/10
Luther Burbank Middle School
Public,•6-8•1.7mi
6/10
Woodrow Wilson Middle School
Public,•6-8•2.4mi
6/10
Theodore Roosevelt Middle School
Public,•6-8•3.0mi
2/10
Washington Middle School
Public,•6-8•3.9mi
7/10
Eagle Rock High School
Public,•7-12•0.5mi
7/10
Benjamin Franklin Senior High School
Public,•6-12•1.6mi
6/10
Glendale High School
Public,•9-12•1.8mi
4/10
Blair High School
Public,•6-12•3.3mi
3/10
John Muir High School
Public,•9-12•3.6mi
Condition Rating
Poor
Built in 1912, this mixed-use property is over 110 years old. The listing explicitly states 'Age and Potential Renovation Costs' and the need for 'substantial capital investment for modernization, system upgrades.' The available interior images, particularly the residential hallway, reveal extremely dated finishes, worn carpets, and old light fixtures, indicating no significant renovations in many decades. The absence of any updated kitchen or bathroom images, coupled with the overall age and the stated need for modernization, strongly suggests these critical areas are in poor, outdated condition and would require full replacement and rehabilitation to meet current standards.
Pros & Cons

Pros

Great Schools: Elementary School: Delevan Drive Elementary School (9/10).
Mixed-Use & Versatility: This iconic mixed-use property offers a staggering number of possibilities for investors or owner-users, featuring multi-family residential units and approximately 5,000 sq ft of retail/commercial space.
Prime Location & High Traffic: Ideally situated at one of Eagle Rock's most vibrant and densely traveled intersections, ensuring high visibility for commercial tenants and a lively environment for residents.
Rare On-Site Parking: The property boasts rare on-site parking, a significant advantage in a dense urban area like Los Angeles, enhancing convenience for both commercial patrons and residential tenants.
Historical Significance & Market Rarity: Appearing on the market for the first time in 75 years, this property holds unique historical significance and represents a rare acquisition opportunity.
Vibrant & Gentrifying Neighborhood: Located in a neighborhood with easy access to numerous amenities (Trader Joe's, restaurants, arts venues, etc.) and experiencing ongoing gentrification, attracting young professionals and ensuring sustained demand.

Cons

Age and Potential Renovation Costs: Built in 1912, the property likely requires substantial capital investment for modernization, system upgrades, and bringing both residential and commercial spaces to current market standards.
Noise and Traffic Impact: Its location at a 'densely traveled intersection' could lead to significant noise and traffic concerns, potentially impacting the desirability and comfort of the multi-family residential units.
Unspecified Current Condition: The description lacks specific details on the current condition of the residential units, commercial build-outs, and critical building systems, implying potential for unforeseen repair or upgrade costs for an investor.

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