2101 Colorado Blvd., Eagle Rock, CA 90041
Offered at: $7,000,000
39,052 sq. ft. per Assessor’s Office, Zoned C4-1XL
According to what is stated in the CRMLS: a “C4 zoning would give you one unit per 400 sq. ft. to a height limit of 45 feet…” and there is always the possibilities of applying for a variance permit from the City Building and Safety Department “to build higher than what is currently permitted for zoning…”
Eagle rock is rapidly changing, and California is experiencing a low housing inventory, we need more housing built—that’s just the bottom line.
While some areas of Los Angeles county have rent control restrictions, they do not apply to buildings built and occupied after October 1, 1978. So this site would be safe from any rent control for now! At the time of this writing, Eagle Rock is in a rent control area of Los Angeles city and under the protection of the “Contra Costa Hawkin’s law,” and if you were planning on building rentals, rent control laws should not apply at this time.
As always, you would have to weigh the risk of building in a rent control area because rent control laws can change from time to time. If you were planning on building condos or townhomes for sale, then that’s another story. In my humble opinion, I would build townhomes or condos if I could.
Of course, the buyer of this property would have to do their own “due diligence,” of which I would gladly assist you in doing!
Currently, there is an auto shop in operation at this site, and you would have to check for contamination with the city, I will gladly assist you in this as well. Of course, you still must do your own proper inspections with appropriate professionals.
Eagle Rock is nestled between…instead, let me show you where it is:
All information is deemed reliable, but Broker/Agent does not guarantee accuracy of square footage, lot size, zoning, rent control, permits, use code and any information given. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. This property is currently listed by another broker in the CRMLS.
Aida Pinto is a full-service, independent California Real Estate Broker (CA DRE Lic. #00972295). She can be reached on her direct office line (562) 916-3237 or on her Cell (562) 884-6196 or by email at: PintoRealty@outlook.com!
Please visit her website to search for more commercial properties: www.PintoRealtyinc.com.
