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1823 Colorado Blvd, Los Angeles, CA 90041
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1823 Colorado Blvd Los Angeles, CA 90041

$1,900,000 Sold Price as of 12/20/2022
  • 9 Beds
  • 12 Baths
  • 6,412 Sq.Ft.
Sold
$1,900,000 Sold Price as of 12/20/2022 Refinance Your Mortgage
Map preview of 1823 Colorado Blvd, Los Angeles, CA 90041

Property Overview: 1823 Colorado Blvd Los Angeles, CA has 9 bedrooms, 12 bathrooms, 6,412 living square feet and 12,132 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Take a look at this 12 Unit Value Add opportunity in Eagle Rock. The property is in a great Eagle Rock location, on Colorado Blvd, within walking distance to shops, restaurants, and nightlife located adjacent to one of the nicest residential neighborhoods in the area. The Colorado Apartments have the 1920’s charm, as well as parking for all units. Eagle Rock is a strong rental market with high demand for rental units in the area, and 66% +/- upside in rents for the next owner. Properties like this don’t come up very often, as Eagle Rock has many long term owners, giving a high barrier to entry in a market that sees minimal multi-family transactions per year. There is currently one vacant, allowing the next owner to take the unit to market rent. This building has a nice unit mix/ count making it a great addition to all sized Multi-family portfolios.

Listed by Justin McCardle | BRE #01895720 | GIG Real Estate Inc.
Last checked: 11 minutes ago | Last updated: July 19th, 2023 | Source CRMLS | DOM: 63

Home details

Lot Sq. Ft
12,132
HOA Dues
$0/mo
Year built
1920
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
AR22159951
City
Los Angeles
County
Los Angeles
Time on Site
786 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
  • # of Electric Meters: 12
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $6,695
  • Total Rent: $1,116
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,663
  • Total Rent: $888
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,827
  • Total Rent: $942
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.08%
  • Gross Rent Multiplier: 14.96
  • Gross Scheduled Income: $150,803
  • Net Operating Income: $91,540
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $55,030
  • Electric: $2,000
  • Gas/Fuel: $0
  • Licenses: $985
  • Trash: $8,368
  • Insurance: $2,800
  • Professional Management: $0
  • Water/Sewer: $5,731

Property Details for 1823 Colorado Blvd

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 5669024013
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Located East of Eagle Rock Blvd, near the corner of Hermosa and Colorado on the North side of the street
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1823 Colorado Blvd

Last leased for $1,595 on July 18th, 2023

  • July, 2023

  • Jul 18, 2023

    Date

    Leased

    CRMLS: 23257459

    $1,595

    Price

  • Apr 11, 2023

    Date

    Active

    CRMLS: 23257459

    $1,999

    Price

  • Listing provided courtesy of CRMLS

    Welcome to this charming and cozy ground floor unit located in the heart of Eagle Rock. This well-appointed one bedroom unit features a kitchen with ample storage, an enclosed private patio, and onsite parking for 1 year. Located minutes to Occidental College. Enjoy the benefits of living in a lovely residential neighborhood with the convenience of being walking distance to the plentiful shops and restaurants along Colorado Blvd such as Trader Joe's, Casa Bianca Pizza, The Oinkster, Relentless Brewing & Spirits, Milkfarm, Unincorporated Coffee, and more.

  • December, 2022

  • Dec 20, 2022

    Date

    Sold

    CRMLS: AR22159951

    $1,900,000

    Price

  • Jul 20, 2022

    Date

    Active

    CRMLS: AR22159951

    $2,288,000

    Price

  • May, 2014

  • May 16, 2014

    Date

    Sold (Public Records)

    Public Records

    $1,337,513

    Price

  • January, 2014

  • Jan 22, 2014

    Date

    Price Change

    CRMLS: 214003062

    $1,500,000

    Price

  • Listing provided courtesy of CRMLS

    Amazing investment opportunity in Eagle Rock! The property has ample amount of parking spots and great tenants! This 12 unit apartment building is conveniently located near schools, shops and restaurants!

Show More

Tax History for 1823 Colorado Blvd

Assessed Value (2020): $1,500,633
Year Land Value Improved Value Assessed Value
2020 $994,792 $505,841 $1,500,633

Home Value Compared to the Market

This property vs the competition

1823 Colorado Blvd sold on December 20, 2022 for 104.29% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $356.83 per/sqft which puts the price per square foot 50.71% lower than the current median sale per square foot for the city of Los Angeles.

About 1823 Colorado Blvd

Detailed summary of property

1823 Colorado Blvd is a multi family that recently sold in Los Angeles, CA 90041. This multi family property offered 9 bedrooms, 12 bathrooms, roughly 6,412 living square feet, and sits on an approximately 12,132 square foot lot. 1823 Colorado Blvd was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $1,900,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 104.29% higher than the current median priced home. Local homes that are currently for sale include 2626 Corralitas Dr, 2416 Echo Park Ave and 4123 Edenhurst Ave. While the average home in Los Angeles, CA is selling in 106 days, 1823 Colorado Blvd has a days on market of 63 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1823 Colorado Blvd Los Angeles, CA 90041 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1823 Colorado Blvd

Public county record property details
Beds
6
Baths
12
Year built
1920
Sq. Ft.
6,412
Lot Size
12,131
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
26,27
APN
5669-024-013

The source for these homes facts are from public records.

90041 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$776
Median Sold Price
$1,460,000
Median Sold Price/Sq.Ft.
$897
Total Inventory
44
Median Sale to List Price %
97.4%
Avg Days on Market
25
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (23.53%), Other (17.65%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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