Exclusive Listings

Eagle Rock Office Building 6% CAP / Owner-User

Address:
7330 N. Figueroa St
Los Angeles, CA 90041
Price:
$3,750,000
Status:
Available
Type:
Apartment
# Units:
1
Year Built:
1954
Building Size:
6,897
Lot Size:
16,559
CAP Rate:
6.18
GRM:
x
Price/Unit:
Price/SqFt:
544

HIGHLIGHTS

  • Very clean Mid-Century office building, located in a great central Eagle Rock / Highland Park location
  • Clean lines, large windows, nice natural lighting, and secure entrance
  • Many major capital improvements made throughout including new roof and updated electrical
  • Property currently has 7 offices, 4 divided large rooms (currently classrooms), a conference room, multiple storage areas, and 4 restrooms
  • Nice outdoor space for a comfortable / creative work environment
  • Large property with parking on a corner lot, close to Highland Park, Eagle Rock, Glendale and Old Town Pasadena
  • Currently occupied by a school with 2+ years remaining on the lease. Over 6% CAP NNN on current.
  • Could be great owner user building. Ideal for the business that’s growing but isn’t looking to take over space immediately. Opportunity for short-term investment, collecting rent and eventually moving in!


EXECUTIVE SUMMARY

Growth Investment Group is proud to present this sleek Mid-Century office building in Eagle Rock spanning almost 6,900 SF on 16,500+Sf corner lot. The expansive property offers a great layout for single or multiple tenants with great common areas, a timeless design with plenty of natural light. This corner property has secured entrance as well as a gated parking lot, providing occupants with added privacy and has had significant capital improvements including updated electrical and new roof. The current layout provides 7 offices, cubicle areas, 4 additional large rooms, a conference room, multiple storage areas, and 4 restrooms. Property is currently occupied by a charter school with the current layout designed for their use. The property can be home to many different types of business and offers the benefit of being leased on a short-term basis, offering the next owner flexibility to collect rental income while preparing for the move to a new location. This building offers a prestigious identity for firms looking to stand out. Whether you are a creative agency, a law firm, or a tech startup, the minimalist elegance of this property serves as a sophisticated backdrop for your brand!

This property has a great central location in Eagle Rock, situated between the cities of Glendale to the west and Pasadena to the east. Eagle Rock offers excellent connectivity to major thoroughfares including Figueroa Street, Colorado Boulevard, and just north of Highland Park.  This has great Freeway access and is just minutes from134, 210, and 110 Freeways making access to downtown Los Angeles and surrounding submarkets convenient.


Due Diligence


Broker Contact

Justin McCardle
Direct: (909) 486-2069
justin@growthinvestmentgroup.com

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Office:
1487 E Colorado Blvd
Pasadena, CA 91106
By Appointment Only - No Walk-ins
Phone: 626.594.4901
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