1627 Colorado Blvd | Los Angeles, CA 90041
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- LoopNet Team
1627 Colorado Blvd
Los Angeles, CA 90041
Retail Property For Sale
Investment Highlights
- RARE SINGLE TENANT RESTAURANT IN EAGLE ROCK – Subject Property is a desirable use and has a liquor license located in a highly sought-after submarket.
- DESIRABLE FUNDAMENTALS – In-place lease rent is $2.50/sf NNN, representing an “under-market” rent for similar restaurant uses in the immediate area.
- RECENTLY RENOVATED STRUCTURE – The building recently received a significant amount of improvements adding intrinsic value to the asset.
- ATTRACTIVE LONG TERM NNN LEASE – Taco/Social is on a highly landlord friendly long term lease with no management requirement.
- RAPIDLY GROWING DEMOGRAPHICS – Eagle Rock and its adjacent neighborhoods have become some of the most desirable areas in Greater Los Angeles.
- STRATEGIC HIGH TRAFFIC LOCATION – Subject Property is located at the corner of Vincent Ave. and Colorado Blvd., across the street from Trader Joe’s.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built/Renovated
1931/2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.79
Lot Size
0.14 AC
Zoning
(Q) C4-1XL - Commercial
Frontage
53 ft on Colorado Blvd
Amenities
- Corner Lot
- Restaurant
PROPERTY TAXES
| Parcel Number | 5669-016-011 | Improvements Assessment | $2,166,091 |
| Land Assessment | $1,444,060 | Total Assessment | $3,610,151 |
PROPERTY TAXES
Parcel Number
5669-016-011
Land Assessment
$1,444,060
Improvements Assessment
$2,166,091
Total Assessment
$3,610,151
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