Listed by Benjamin Hsiang with Realty Investment Advisors, Inc.

1520 Yosemite Drive

Los Angeles, CA, 90041

$16,600,000

$451 per ft²
$16,600,000
$451 per ft²
Active
Active
 - For Sale
beds
78 Beds
baths
77 Baths
carpenters-square
36,788 ft²
property_type
Multi-family
calendar
Built 1986
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 9 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 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
MLS® ID:
22182627
Listed:
7/28/22
Updated:
3/22/23
Compass
Kevin Bourland Team
Mobile: (213) 407-4754Email: kevin@kevinbourland.com

Interior Features

Total Bedrooms
78
Total Bathrooms
77
Interior Features
Ceiling Fan(s)
Laundry Description
Common Area
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.96 acres lot

Other Property Details

Area Name
618 - Eagle Rock
Garage
No
Parking
Covered, Carport
Parking Total
106.0
View
N
County
Los Angeles
Pool
No
Pool Description
None
Total Stories
3
Zoning
LARD1.5
Buyer Agency Compensation
100000.000

Property History

Date
Event
Price
Value
9/8/22
Pending
-
-
9/29/22
Price Change
$17,500,000
-7%
9/29/22
Active
-
-
10/31/22
Price Change
$16,600,000
-5%
12/27/22
Active Under Contract
-
-
2/16/23
Active
-
-

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/22/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/22/23 at 5:27 PM UTC

Compass
Kevin Bourland Team
Mobile: (213) 407-4754Email: kevin@kevinbourland.com
Contact