1063 Colorado Boulevard, Los Angeles, CA 90041

$999,000

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Listing courtesy of Listing Agent: Hooman Morvarid (HM@HoomanRealEstate.com) from Listing Office: Compass.

List Price
$999,000
Status
ACTIVE
Days on Market
1
MLS#
26985473
Subtype
Commercial Sale
Year Built
1935
Lot Size
2,613
Acres
0.06
Building Name
State Farm Insurance
MLS Area Major
Eagle Rock (618)

Property Description

Rare opportunity to acquire a premium, standalone commercial headquarters in the highly sought-after Eagle Rock market. Situated on a prominent corner lot on Colorado Blvd, this building offers incredible street visibility and excellent signage potential. Currently configured as a professional office, the flexible LAC4 zoning makes it an ideal fit for a wide range of owner-users, including law firms, creative agencies, accounting practices, insurance brokerages, medical/therapy offices, or high-end retail. The highly functional interior layout spans two levels. The first floor features a spacious waiting room, a dedicated reception area, and an eat-in kitchen. A divider wall splits the front office into two distinct workspaces, while the expansive rear area is also divided into two private offices, leaving plenty of room for an additional open workspace. The ground floor includes a restroom and two dedicated storage rooms: one conveniently located in the hallway and another tucked behind the staircase. The second floor serves as a highly adaptable executive suite. Immediately upstairs, an open office area to the left leads to a large private room that can serve as a premier executive office, conference room, or collaborative bullpen, depending on your business needs. Directly across from the stairs is a full bathroom complete with a shower. To the right is access to a private rooftop terrace. This outdoor space is an incredible asset in a modern workplace, providing a unique environment for open-air team brainstorming sessions, impressive client entertainment, outdoor laptop work, or a rejuvenating break area that promotes employee wellness and daily productivity. The property features a clean, well-maintained exterior and central heating and air conditioning. A major highlight is the private, gated parking area accessed directly off Colorado Blvd, providing secure and convenient parking for staff or clients. Two separate, non-gated parking spaces are also available at the upper rear of the building, accessible via Monte Bonito Drive. This is the perfect asset for an owner-user looking to stop paying rent and build equity, or a 1031 exchange buyer looking to secure a prime location before year-end.

Additional Information

Zoning
LAC4
Heating
Central, Forced Air
Air Conditioning
Yes
Exterior Construction
Stucco
Roof
Clay, Flat, Spanish Tile

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.