4344 EAGLE ROCK BLVD LOS ANGELES, CA EAGLE ROCK DEVELOPMENT SITE MIXED USE MULTI-FAMILY - RETAIL PRIME LOCATION - $1,799,000
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1 Kalachian Real Estate Group Vince Kalachian Melina Kalachian Senior Vice President Senior Vice President BRE Lic. # BRE Lic. # N. Brand Blvd., Suite 200, Glendale, CA 91203
2 Statement of Confidentiality & Disclaimer The material contained in this Investment Offering Memorandum is furnished solely for the purpose of considering the purchase of 4344 Eagle Rock Blvd., Los Angeles, CA and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of Coldwell Banker Commercial or Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Property Owner ("Owner") in connection with the sale of the Property is Coldwell Banker Commercial, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Investment Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to Coldwell Banker Commercial. The Memorandum does not purport to provide a complete or fully accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information, which prospective buyers may need, or desire. All financial projections are based on assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and Broker and, therefore, are subject to material variation. This Memorandum does not constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of this Memorandum. Neither Owner nor Broker nor any of their respective officers, Agents or principals has made or will make any representations or warranties, express or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of the Memorandum or its contents. Analysis and verification of the information contained in the Memorandum is solely the responsibility of the prospective buyer, with the Property to be sold on an as is, where-is basis without any representations as to the physical, financial or environmental condition of the Property. Owner and Broker expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or terminate discussions with any entity at any time with or without notice. Owner has no legal commitment or obligations to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until such sale of the Property is approved by Owner in its sole discretion, a written agreement for purchase of the Property has been fully delivered, and approved by Owner, its legal counsel and any conditions to the Owner s obligations there under have been satisfied or waived.
3 PROPERTY HIGHLIGHTS Price $1,799,000 Year Built 1956 Building Size ±5,280 SF on two stories Land Size ±17,900 SF Price SF Land $100/SF APN # and Zoning [Q]C2-1VL-CDO Possible Uses Mixed use, multi-family, condos, retail, small lot subdivision Prime Eagle Rock/Glassell Park Location. Less than 1 mile from Occidental College. Next to a new 45 units small lot development and a new 56 units development projects. High traffic count with over 49,000 cars per day. Conveniently located within minutes of 2 Freeway, Downtown L. A. Glendale, Burbank, Pasadena and Hollywood. Located in urban trendy Eagle Rock with an average household income of over $81,847 within a one mile radius. Surrounded by hot home markets including Mount Washington, Atwater Village, Glassell Park, Highland Park, Echo Park, Silverlake and Glendale. 5,280 SF two stories building on the property that can be rented out as office/retail or can be occupied by single user or multiple tenants. Approximately 1,500 SF Alley/Easement to which neighboring property owner abandoned rights to through a Quitclaim of Easement Rights.
4 PROPERTY PICTURES
5 AERIAL VIEW CVS & Starbucks Center New 45 Units Small Lot Development Subject Property New 56 Units Development
6 AREA OVERVIEW Eagle Rock is a neighborhood of Northeast Los Angeles in the San Rafael Hills, Los Angeles County, California. Eagle Rock is named after a large rock outcropping, resembling an eagle with its wings outstretched. Today it is an ethnically diverse, relatively high-income neighborhood known for being the home of Occidental College and for a counterculture element among its 34,000+ people. Eagle Rock maintains a number of historically significant buildings and has a connection with the motion picture industry. There are nine public schools including two high schools and six private schools, as well as a branch public library. Eagle Rock is bordered by the city of Glendale on the north and west, Highland Park on the southeast, Glassell Park on the southwest and the cities of Pasadena and South Pasadena on the east. Major thoroughfares include Eagle Rock Boulevard and Colorado Boulevard, with Figueroa Street along the eastern boundary. The Glendale and Ventura freeways run along the district's western and northern edges, respectively. Eagle Rock has grown increasingly popular because it has so much to offer. Even though you re in the Los Angeles area, it has a small town feel; you ll find well-kept homes often full of charm and character on mature tree-lined streets. Some buyers are attracted to the schools, and others appreciate the many great shops, bars, and restaurants on Colorado Boulevard.
7 DEMOGRAPHICS Radius 1 Mile 3 Mile 5 Mile Population: 2019 Projection 29, , , Estimate 29, , , Census 29, , ,033 Growth % 2.47% 2.86% Growth % 0.05% 1.29% 2014 Population Hispanic Origin 13, , , Population by Race: White 19, , ,290 Black 774 6,852 24,914 Am. Indian & Alaskan 347 3,914 10,459 Asian 7,878 48, ,216 Hawaiian & Pacific Island ,207 Other 924 8,461 19,477 Households: 2019 Projection 10,109 97, , Estimate 9,891 95, , Census 9,968 95, ,594 Growth % 2.37% 2.80% Growth (3.95%) (2.85%) (2.05%) Owner Occupied 5,295 37,612 85,024 Renter Occupied 4,596 57, , Avg Household Income $81,847 $69,917 $73,193 Source: Costar
8 LOCATION MAP 4344 Eagle Rock Blvd
9 REGIONAL MAP 4344 Eagle Rock Blvd
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