Mixed-Use Property with
1621 COLORADO BLVD, Los Angeles, CA 90041
For Sale
Contact for pricing
Two commercial suites and two upstairs apartments combine business space with residential units in one property.
Property Size4,737 SF
Price / SF$527.76
Days on Market22
Property Features for 1621 COLORADO BLVD
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Mixed-Use Components
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Asking Price
Office Units
Property Use
Medical Specialty
Building Details
Buildings
Stories
Building Size
Tenancy
Listing Agency:
Graystone Capital Advisors
Listed By:
Matt Hardke · License #CA 01946266
(949) 929-0558
Source:
Crexi
Added: Oct 19
Changed: Nov 8
Last Checked: Nov 8 at 5:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Graystone Capital Advisors
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Investment Insights
Based on property information with market context.
This two-story, 4,737-square-foot mixed-use property combines two ground-floor commercial suites with two apartments above. The commercial space includes a 1,710-square-foot dental office and a 1,102-square-foot vacant suite configured for retail or office use. The apartments each have two bedrooms and one bathroom. The vacant suite can be leased separately or joined with the dental office to create 2,812 square feet of ground-floor commercial space.
The property fronts Colorado Boulevard in Eagle Rock, Los Angeles, with access to Glendale, Pasadena, and Northeast Los Angeles. The dental practice may be acquired separately from the real estate. Alternatively, the dentist is willing to enter a new five-year gross lease at closing.
The property fronts Colorado Boulevard in Eagle Rock, Los Angeles, with access to Glendale, Pasadena, and Northeast Los Angeles. The dental practice may be acquired separately from the real estate. Alternatively, the dentist is willing to enter a new five-year gross lease at closing.
Key Highlights
- 4,737‑square‑foot, two‑story mixed‑use property
- Two commercial suites: a 1,710‑square‑foot dental office and a 1,102‑square‑foot vacant retail/office suite
- Two upstairs apartments, each with 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,439
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,248,780
$2.2M
Cap Rate 7%
$1,606,271
$1.6M
Cap Rate 9%
$1,249,322
$1.2M
Market Conditions
NOI Build-Up for 4,737 SF
Gross rent
$184.2K $38.88/SF
− Vacancy
−$34.3K −$7.23/SF
EGI
$149.9K $31.65/SF
− OpEx
−$37.5K −$7.91/SF
NOI
$112.4K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,248,780
Cap Rate 7%
$1,606,271
Cap Rate 9%
$1,249,322
Alternative Uses
Best Use
Office B
$1.61M
$1.41M – $1.87M
NOI $112,439 @ 7.0% cap · market cap 4.50%
Second Best
Retail
$1.57M
$1.37M – $1.83M
NOI $109,932 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,443 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
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Business Placement
Demographics for 90041, CA
26,654
Population
10,425
Households
2.6
Avg Household Size
41
Median Age
52%
College-Educated
92%
High-School Grad
3.6 sq mi
ZIP Area
7,404
Density / Sq Mi
$111,834
Median Household Income
$54,443
Median Earnings
$1,797
Median Rent
$1,135,200
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Los Angeles, CA
Properties on Market for Mixed-use properties in Los Angeles
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial suites and two upstairs apartments combine business space with residential units in one property.
Where is this mixed-use property located?
The property is located at 1621 COLORADO BLVD Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 4,737‑square‑foot, two‑story mixed‑use property; Two commercial suites: a 1,710‑square‑foot dental office and a 1,102‑square‑foot vacant retail/office suite; Two upstairs apartments, each with 2 bedrooms and 1 bathroom
