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1363 Colton St

Los Angeles, CA 90026
  • $29,495,000
  • STATUS: Active
  • ON SITE: 63 Days
  • MLS #: 22-136617
UPDATED: 44 min ago
$29,495,000
  • 45
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 39,098
    SQFT
  • $754
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2021
County:

School Ratings & Info

Description

Inspire Colton is Echo Park's newest landmark and most opulent community to date with forty-seven brand new "over-the-top "flats, filled with the highest echelon tenant base every investor strives to have. Nestled at the base of the Echo Park foothills, centered in Los Angeles's most increasingly affluent, supply constrained neighborhood city wide and minutes by Bird from DTLA. The property's walkability coupled with the landlord-provided electric bikes, the tenant's access to various parks, restaurants, shopping, and entertainment along Glendale Blvd and the Sunset Strip has prospective renters competing for a chance to call Inspire Colton their home. Inspire Colton is centered by four major freeways and highways (101, 110, 5, and 2), providing residents convenient access to major employment centers such as Hollywood, Glendale, and Burbank in addition to its walkability to DTLA. Hollywood is one of the most active submarkets for new office development in the country, while DTLA has millions of S.F. in the pipeline

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-18T20:43:06.96. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/126734362
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1363 Colton St Los Angeles, CA 90026

  • Price: $29,495,000
  • Status: Active
  • On Site: 63 Days
  • Updated: 44 min ago
  • MLS #: 22-136617
45
Beds
0
Baths
0
½ Baths
0.26
Acres
39,098
SQFT
$754
$/SQFT
2021
Built
Neighborhood:
Silver Lake - Echo Park
County:
Los Angeles
Area:
Silver Lake - Echo Park
Property Description
Inspire Colton is Echo Park's newest landmark and most opulent community to date with forty-seven brand new "over-the-top "flats, filled with the highest echelon tenant base every investor strives to have. Nestled at the base of the Echo Park foothills, centered in Los Angeles's most increasingly affluent, supply constrained neighborhood city wide and minutes by Bird from DTLA. The property's walkability coupled with the landlord-provided electric bikes, the tenant's access to various parks, restaurants, shopping, and entertainment along Glendale Blvd and the Sunset Strip has prospective renters competing for a chance to call Inspire Colton their home. Inspire Colton is centered by four major freeways and highways (101, 110, 5, and 2), providing residents convenient access to major employment centers such as Hollywood, Glendale, and Burbank in addition to its walkability to DTLA. Hollywood is one of the most active submarkets for new office development in the country, while DTLA has millions of S.F. in the pipeline
Exterior Features

Cross Streets Douglas & Colton Direction Faces East Lot Location Alley Access Lot Size Area 11236 Other Structures None Parking Garage GatedGarage Total Parking 25 View Description CityCity LightsHillsSkylinePool View YN Yes

Interior Features

Baths Total 53.00 Cooling Air ConditioningCeiling Fan Equipment Ceiling FanWasherRefrigeratorRange/OvenFreezerDryerElevator Fireplace Rooms BathExteriorFire PitKitchen Heating Central Kitchen Features Quartz Counters Laundry In ClosetLaundry Closet Stacked Windows Double Pane Windows

Property Features

Assessed Total Value 2616605 Gross Income 1607841 Gross Operating Income 1607841 Like Units1 20 Like Units2 2 Like Units3 1 Like Units4 16 Like Units5 3 Like Units6 4 Net Operating Income 1020152.00 Number Of Buildings 1 Number Of Units 47 Owner Pays WaterElectricityGardener Property Condition New Construction Rent Control YN No Sale Type Standard Security Features Resident ManagerGatedLeasedAutomatic GateCard/Code Access Source Living Area Vendor Enhanced Source Lot Size Area Owner Tenant Pays GasElectricityWaterTrash Collection Total Annual Expense 587689 Type Of Units New Construc Year Built Source Other Zoning Lacw

Listing provided courtesy of Eliyahu Appel DRE#01918652 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-18T20:43:06.96. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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