2561 Colorado Boulevard

Los Angeles, CA 90041

$2,395,000
Price
6
Beds
12
Baths
6,863 Sq. Ft.
$349 / Sq. Ft.
6,863
Sq. Ft.
$349
per Sq. Ft.

Description

This 11-unit apartment building, located in the heart of Eagle Rock, offers a prime investment opportunity. Situated on bustling Colorado Blvd, the property benefits from high visibility and proximity to local shops, restaurants, and schools. The building features a mix of units, most with updated interiors, and amenities such as parking. Recently rehabbed with New Roof, Electrical, and Plumbing. The property is zoned C4 allowing for future development. With easy access to major freeways and public...This 11-unit apartment building, located in the heart of Eagle Rock, offers a prime investment opportunity. Situated on bustling Colorado Blvd, the property benefits from high visibility and proximity to local shops, restaurants, and schools. The building features a mix of units, most with updated interiors, and amenities such as parking. Recently rehabbed with New Roof, Electrical, and Plumbing. The property is zoned C4 allowing for future development. With easy access to major freeways and public transportation, this property is ideal for investors looking to acquire a stable income-generating asset in one of Los Angeles' most sought-after neighborhoods. Don't miss this chance to own in the desirable Eagle Rock area!
  1. Listed by Jeffrey Lloyd • DRE #00931954 • Brokerage DRE #00931954 • Jeffrey Brandon Lloyd

Property Details for 2561 Colorado Boulevard

Zoning
LAC4
Parcel Number
5682013013
Total Units
11.0
Living Area
6863
Source Living Area
Vendor Enhanced
Area
Eagle Rock (618)
Vacancy Rate
9551
Lot Size Area
7505
LISTING UPDATED: 11/05/2024 01:26 PM

Property Details for 2561 Colorado Boulevard

StatusActive
MLS #24-454773
Days on Market64
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size0.17 AC / 7,505 SF
CountyLos Angeles County

Building Information for 2561 Colorado Boulevard

Stories1Residences-Year Built1940Building Size-Lot Size0.17 AC / 7,505 SF

Property Information for 2561 Colorado Boulevard

Community / Development
Community / Development
  • Number Of Units: 11
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 3
  • Type Of Units: 11
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $181,476
  • Net Operating Income: $105,591.00
  • Gross Income: $191,027
  • Gross Rent Multiplier: $12.69
  • Total Annual Expense: 75885
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1723
  • Lot Size Square Feet: 7505
  • Lot Size Dimensions: 50x150
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Uncovered, On street
  • Total Parking: 0
  • Parking Features: Uncovered, Street
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Window Unit(s)
  • Heating: None
  • Heating Type: None
  • Flooring: Laminate
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-23-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $7,999.00
  • Unit Actual Rent: $7,999.00
  • Unit Projected Rent: $10,369.00
  • Like Units: 8
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,205.00
  • Unit Actual Rent: $2,205.00
  • Unit Projected Rent: $2,205.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,600.00
  • Unit Actual Rent: $2,600.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,114.80
  • Unit Actual Rent: $3,114.80
  • Unit Projected Rent: $3,115.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $581,182.00
  • Assessed Improvement Percent: 32.56
  • Assessed Land Value: $1,203,642.00
  • Assessed Land Percent: 67.44
  • Assessed Total Value: $1,784,824.00

Property History for 2561 Colorado Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2561 Colorado Boulevard

Taxable ValueLand$1,227,714Additions$592,805Total$1,820,519
Tax Record2024$23,208 ($1,934 / month)
Home Facts
Total Finished SqFt3,896 SqFtAbove Grade Finished SqFt3,896 SqFtLot Size7,503 SqFtStyleMulti-Family Res (5+ Units)Year Built1944ZoningLAC4CountyLOS ANGELESAPN5682-013-013

Schools near 2561 Colorado Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Charter - K to 8
Charter - K to 5
Rating
School
Distance
Eagle Rock Elementary and Magnet Center
PublicK to 6

Eagle Rock High School
Public7 to 12

PUC International Preparatory Academy
CharterK to 8

California Creative Learning Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2561 Colorado Boulevard is a multi-family home for sale in Los Angeles, CA 90041. This property was listed for sale on October 18, 2024 by Jeffrey Brandon Lloyd, it's currently listed at $2,395,000. It has been on the market for a total of 64 days and was last sold on March 24, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Eagle Rock Elementary and Magnet Center, Eagle Rock High School and PUC International Preparatory Academy. 2561 Colorado Boulevard is a 6-bed, 12-bath, 6,863 sqft multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Jeffrey Brandon Lloyd, Jeffrey Lloyd, DRE #00931954

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.