2245 Las Colinas

Description

The investment opportunity located at 2245 Las Colinas features 8 large units, including a potential Studio ADU conversion. The other units are all two bed, two bath units with large floor areas (Buyer to confirm exact sf). Built in 1991, this building is not subject to Los Angeles RSO, only state-level AB 1482 rental ordinance. The building has undergone several capital projects, including new gutters, a re-painting in 2014 and a brand new roof in 2018. All units are on the second and third floors with parking on the ground floor, but the parking level was constructed with all steel frames, so no soft-story retrofit is required. Each unit is provided two tandem parking spaces. The driveway ceiling has fire sprinkler systems, and every unit has central AC! The Las Colinas property has a walk score of 88, meaning that the immediate area is flush with tenant amenities and high quality attractions. There are trendy coffee shops, restaurants, and boutiques within walking distance, and Occidental College is only a quick half mile walk from the property! The Eagle Rock neighborhood is growing in popularity every year, offering a tranquil escape from the bustling city while still being conveniently located close to all the amenities that Los Angeles has to offer!