$18,850,000

1520 Yosemite Drive, Los Angeles, CA 90041

41,763

Lot Size

53

# Of Units

Listing Agent
Benjamin J. Hsiang - Realty Investment Advisors, Inc.

We are pleased to present the opportunity to acquire a rare, 53-unit, multifamily value-add opportunity at 1520 Yosemite Drive in Eagle Rock, California. Offered for the first time in over 35 years, 1520 Yosemite is ideally situated in the center of Occidental College, Colorado Blvd, Eagle Rock Blvd & York Blvd Shopping, Cafes, Restaurants, Bars & Transportation. Delivered with 10 vacant units, this newer 1986 construction property offers an investor an extremely rare opportunity for a generational asset in one of the highest rental demand submarkets in Los Angeles. Not subject to the City of La Rent Stabilization Ordinance, an investor can take advantage of the statewide allowable rent increases (lower of 5% + CPI or 10%). The current long-term owner hasn't increased rents for years so all the units are eligible for max rent increases. The property consists of one free standing 2 bed 1 bath house, twenty-four 2 bed 1.5 bath units and twenty-eight 1 bed 1 bath units with balconies in every unit. With 53 tandem parking spaces (106 total), this is a great opportunity for an investor to convert some of the parking into additional ADUs to create substantially more revenue

Facts & Features

MLS® # 22182627
Price $18,850,000
Bathrooms 0.00
Lot Size 41,763
Year Built 1986
Type Residential Income
Status Active
# Of Units 53

Community Information

Address 1520 Yosemite Drive
Area 618 - Eagle Rock
City Los Angeles
County Los Angeles
State CA
Zip Code 90041

Amenities

Parking Spaces 106
Parking Covered, Carport
Garages Covered, Carport
Is Waterfront No
Has Pool No
Pool None

Interior

Interior Features Ceiling Fan(s)
Heating Wall Furnace
Has Basement No
Fireplace No
# of Stories 3

Additional Information

Date Listed July 29th, 2022
Days on Market 19
Zoning LARD1.5
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentBenjamin J. Hsiang
OfficeRealty Investment Advisors, Inc.

Listing Map

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