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1114-1118 Colorado Blvd
Los Angeles, CA 90041

Eligible for Marijuana Dispensary & Delivery · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront
Building Size
3,396 SF
Building Class
C
Year Built
1987
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.52
Lot Size
0.15 AC
Zoning
LAC4
Parking
11 Spaces (3.24 Spaces per 1,000 SF Leased)
Frontage
79 FT on Colorado Blvd

About 1114-1118 Colorado Blvd , Los Angeles, CA 90041

THIS IS IN ESCROW. Rosano Partners is proud to present a 3-unit corner retail building totaling 3,396 SF on a 6,709 SF, 2 parcel, lot in Eagle Rock. This outstanding corner property qualifies for both cannabis dispensary and delivery uses and is amply parked. 1114 is occupied by one tenant whose lease expires in July 2018 whose unit it 1,274 SF. 1116 and 1118 consist of 2,122 SF and is equally divided by two tenants, one with a month-to-month lease (1116) and the other with less than two years remaining (1118 tenant may be open to buy out) This property's prime location, parking, and license eligibility provides a fantastic opportunity to apply for a dispensary and or delivery license in the largest cannabis market in the world. In addition, the new owner has the options to keep income-generating tenants, lease to a potential cannabis delivery tenant, and or expand their own operation as they see fit. There are many options and flexibility to this deal. Seller is open to a licensing contingency.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5690-026-035
  • 5690-026-019
Land Assessment
$196,357
Improvements Assessment
$659,706
Total Assessment
$856,063
  • Listing ID: 11492475

  • Date on Market: 2/5/2018

  • Last Updated:

  • Address: 1114-1118 Colorado Blvd, Los Angeles, CA 90041

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