Properties | Las Colinas

Las Colinas

18-Unit Investment Opportunity

2238-2242 Las Colinas Ave | Eagle Rock, CA

Sales Price: $6,682,500

Seller: N/A

Buyer: N/A

Units: 18

Price per Unit: $371,250

Price per Sq. Ft.: $430.91

Current CAP: 4.27%

Current GRM: 15.11

Market CAP: 4.59%

Market GRM: 14.54

Year Built: 1990

Lot Size Sq. Ft.: 15,246

Gross Bldg. Sq. Ft.: 15,508

Net Rentable Sq. Ft.: 13,720

Close of Escrow: 5/30/2018

THG Advisors, as the exclusive listing agent, is pleased to present the opportunity to purchase 2238 & 2242 Las Colinas, a non-rent controlled eighteen unit apartment building located in Eagle Rock. Located on a quiet residential street yet just a block from Eagle Rock Blvd and 0.6 miles from Colorado Blvd, a “Main Street” corridor  of Eagle Rock lined with boutique shopping and trendy restaurants such as Top Knot, Milkfarm, Café Beaujolais, Room 31 and Swork Coffee Bar, 2238 & 2242 Las Colinas is the premier choice for residents seeking to combine walkable retail with luxury finishes and a quiet neighborhood atmosphere.