4140EagleRock

Welcome to 4140 Eagle Rock Boulevard
Multi-Use Property | Multiple Opportunities

Perfect high-visibility, corner location on Eagle Rock Blvd in the centrally located community of Glassell Park. Currently being used as a dance/pilates studio and event venue space. www.LiveArtsLA.com

This property will be delivered vacant at COE.

The main space features a 21-foot tall barrel ceiling with two roll-up doors that lead to the street and to the private gated yard – perfect as an outdoor lounge or parking. There are numerous spaces with options for the new owner to earn over $5k per month – that will help with cash-flow!

Don’t miss this opportunity to become the proud new steward of this exceptional property.

Property Details
• Freestanding Building
• Red-Hot Glassell Park Community
• High-Visibility, Corner Location
• Multi-Use Property – Studio/Office/Event Venue
• 21’ High Barrel Ceiling
• Four Separate Bathrooms (3/4-bath + ¾-bath + 1/2-bath + 1/2-bath)
• LOT: 4,800sqft (40’x120’)
• Building Footprint: 4,360sqft (40’x109’)
• Gated Yard: 440sqft (40’x11’)
• Total Interior Floor Space: 5,940sqft (4,360sqft ground level + 1,580sqft mezzanine/loft)
• Perfect Owner/User Property
• Delivered Vacant at COE
• Central HVAC with multiple zones
• Zone: LA-C2
• Year Built: 1947
• APN: 5472-001-039
• List Price: $2,700,000
• $170,640 Gross Annual Income (pro-forma)
• $104,790 Net Annual Income (pro-forma)
• 15.8 GRM
• 3.88% Cap Rate
• Seller-Financing Possible (depending on offer)

Primary Space
INCLUDES: Gated Yard, Kitchen, Lounge, 3/4-Bath,
Mezzanine/Loft, and Attic Space

Main Studio: 2,080sqft (40’ x 52’)
ProForma Rent $5,200/month (=$2.50/sqft)

Kitchen/Lounge: 440sqft (40’ x 11’)
ProForma Rent $1,100/month (=$2.50/sqft)

Mezzanine/Loft: 1,580sqft (35.5’ x 44.5’)
ProForma Rent $2,000/month (=$1.27/sqft)

Attic: 440sqft (40’ x 11’)
ProForma Rent $220/month (=$0.50/sqft)

Gated Yard: 440sqft (40’ x 11’)
ProForma Rent $440/month (=$1.00/sqft)

Total Income: $9,020/month
Annual Pro-forma Income: $108,240

**TOTAL SQFT = 4,100sqft $9,020/month (=$2.20/sqft)
**excludes gated yard and attic

Did You Know?
Extra Income
You can occupy the "main studio" and "lounge/kitchen" and "3/4-bath" and "mezzanine" and "attic" and utilize the "outdoor space/parking" AND lease out the "front studio" and "private office" and "small studio".
IT’S TRUE!!
This would give you a great space to “do your thing” and bring in $5,200/month to offset your monthly payment:))

Front Studio: 740sqft (40’ x 18.5’)
ProForma Rent $2,400/month ($3.24/sqft)
Annual Pro-forma Income: $28,800

Small Studio: 378sqft (21’ x 18’)
ProForma Rent $1,600/month ($4.23/sqft)
Annual Pro-forma Income: $19,200

Private Office: 172sqft (13.5’ x 12.75’)
ProForma Rent $1,200/month ($6.97/sqft)
Annual Pro-forma Income: $14,400
___________________________________________________
Total “Extra Income”: $5,200/month
Total “Extra Income” Annual Pro-forma: $64,400

Front Space: Retail / Studio
Includes: separate entrance directly from
Eagle Rock Blvd., with two 1/2-bathrooms

Front Studio: 740sqft (40’ x 18.5’)
ProForma Rent $2,400/month ($3.24/sqft)

Annual Pro-forma Income: $28,800