The Fitzburgh Realty Team - Glassell Park Real Estate - Northeast Los Angeles Realtor
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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.
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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
•  $170,640 Gross Annual Income (pro-forma)
•  $131,890 Net Annual Income (pro-forma)
•  14.65 GRM 
•  5.28% Cap Rate
•  Seller-Financing Possible (depending on offer)
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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

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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
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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
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Small Studio

​Small Studio: 378sqft (21’ x 18’)
ProForma Rent $1,600/month ($4.23/sqft)

Annual Pro-forma Income: $19,200
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Private Office

​Private Office: 172sqft (13.5’ x 12.75’)
ProForma Rent $1,200/month ($6.97/sqft)

Annual Pro-forma Income: $14,400
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Common Space
INCLUDES: Entrance/Lobby, 3/4-Bathroom
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Entry Level
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Mezzanine Level
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 REACH OUT to BRIAN and ZACH DIRECTLY
Brian Fitzburgh, Broker/Owner
Cell: (818) 571-9712
Office: (424) 625-0747

[email protected]
Zach Gaither
Real Estate Agent / Buyer Specialist
Cell: (239) 265-2438
[email protected]
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2022 Zillow Premier 5 Star Agent in Los Angeles. Parrish Ave., Los Angeles, CA. CalDRE# 01875767. Copyright © 2022 Brokers Trust Real Estate Group. All Rights Reserved.
  • Home
  • About Us
    • Fitzburgh Realty Team >
      • Juan Loza Handyman
    • Brians Resume | Sellers
    • Brians Resume | Buyers
    • Testimonials
    • Upcoming Events
  • RE Videos
  • Search Homes
  • Homes Fur All
    • Explore NELA >
      • Glassell Park
    • News
    • Super A Test
    • Bark & Meow Fan Club
    • Concerts in the Park
    • Eagle Rock Bark >
      • ERB Walk At The Bark
      • Eagle Rock Bark 2017
      • Eagle Rock Bark 2018
      • Eagle Rock Bark 2019
    • Glassell Bark >
      • GB Walk At The Bark
      • Glassell Bark 2017
      • Glassell Bark 2018
      • Glassell Bark 2019
    • Glassell Park Easter Egg Hunt
    • GLASSELL PARK TREE LIGHTING >
      • XMAS TREE LIGHTING 2017
      • XMAS TREE LIGHTING 2018
    • Growing Caring Sharing News
    • 4 Weeks 4 Life
    • Fostering Resources
    • Pet Food Drive
    • Pet Resource Guide
    • Pet Adoption Hall of Fame
    • Spread The Word
    • Super Party >
      • Super Party Photos
  • Resources
    • LA Wildfire Resources >
      • Temporary Housing
    • Brian' s Crystal Ball >
      • Brian' s Crystal Ball Appetizer
      • Brian' s Crystal Ball 1st Main
      • Brian' s Crystal Ball 2nd Main
      • Brian' s Crystal Ball Dessert
      • Furball Challenge
    • First Time Homebuyers >
      • Credit Score
      • Down Payment
    • Get Your Loan Pre-Approval
    • Request a Free Market Analysis
    • Mortgage Calculator & Rates
    • How Much House Can I Afford
    • Real Estate Market Trends
    • Neighborhood Search Tools
    • MLS Activity Alert
    • Client Documents & Calendar
    • FAQ
  • Brian's Blog
  • Contact us
    • Coverage Area