Wednesday, July 16, 2014

New listing-Eagle Rock turn key six units

2200-2212 Las Colinas Ave. Los Angeles CA 90041- Asking $1,175,000

My newest listing is one I would love to buy myself. This is a six unit apartment building well located in my beloved home town of Eagle Rock, CA 90041. Eagle Rock is the 2nd hottest neighborhood in the USA for 2014 according to Redfin and the buzz here is palpable. Buyers have been overbidding each other to snap up residential houses for years now and new restaurants and bars are opening seemingly every month. Eagle Rock and NELA in general are very hot real estate markets and prices are reflecting that.

 This property is near the intersections of Eagle Rock, Colorado and York. It is 4 blocks from Occidental College and within a mile of at least two dozen restaurants in Eagle Rock and Highland Park. All of NELA is very convenient to Downtown LA, Silver Lake, Pasadena and Glendale. With the reemergence of Downtown LA as a regional employment center NELA becomes an ideal city commuter neighborhood that still has rolling lush hills and quirky interesting houses. 

The property has had only had one owner. The family that built it has been living in it and managing it since 1947. They built it to last and lovingly cared for it. The kids who grew up here now have their own kids and have moved out of the area. The units were always well maintained and exceptionally clean. There are new windows on the rear side of the building, new flooring and dishwasher in the owners unit and a new sprinkler system. This is truly a turnkey property with no deferred maintenance. The tenants are friendly and many are long term on month to month leases. There are four one bedroom units at 2200-2208 Las Colinas and another studio unit and one large two bedroom unit at 2210-2212 Las Colinas totaling 4706 square feet of living area. Existing rental income is $5534 monthly. Asking price is $1,175,000 for more information contact Sky Minor.

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