1520 Yosemite Dr

Los Angeles, CA, 90041

$18,850,000

$512 per ft²
$18,850,000
$512 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 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
MLS® ID:
22-182627
Listed:
7/28/22
Updated:
8/11/22

Interior Features

Kitchen Appliances
Gas
Total Bedrooms
78
Total Bathrooms
77
Laundry Description
Community
Cooling
Wall Unit(s)
Heating
Wall

Exterior/Building Features

Lot Size
0.96 acres lot
Roof
Flat

Other Property Details

Garage
No
Parking
Carport, Covered Parking
Parking Total
106.0
View
N
County
Los Angeles
Pool
No
Pool Description
None
Total Stories
3
Zoning
LARD1.5

 

Courtesy of Benjamin J. Hsiang, Realty Investment Advisors, Inc.

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor The Carrabba Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 8/11/22

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