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Active
1520 Yosemite Dr Los Angeles, CA 90041
$16,600,000
78 beds
36,788 sq ft

Courtesy of Realty Investment Advisors, Inc. 424-377-6001

Contact Me to Learn More

Laura Alice Scaturro

Laura Alice Scaturro

Founder

DRE# 01942167

Property Description

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

Property Details & Features

Property Type

  • Multi Family Residence

Year Built

  • 1986

Appliances and Equipment

  • Gas
  • Ceiling Fan
  • Hood Fan

Bathrooms

  • 77.00 total bathrooms

Bedrooms

  • 78 total bedrooms

House

  • 36,788 sq ft
  • Built in 1986

Cooling

  • Wall Unit(s)

Disclosures

  • None

Garage

  • Carport
  • Covered Parking

Heating

  • Wall

Laundry

  • Community

Listing

  • ListDate: 2022-07-29
  • PricePerSqFt: $451
  • 102 days on market

Location

  • County: Los Angeles
  • ListingArea: Eagle Rock

Lot

  • LotAcreage: 0.9588
  • LotSizeArea: 41,763

Parking

  • CarportSpacesTotal: 106
  • CoveredParking: 106
  • TotalParking: 106

Pool

  • PoolYN: False
  • None

Property

  • NumberOfUnits: 53
  • OtherStructures: Other
  • Zoning: LARD1.5
  • Balcony

Roof

  • Flat

Spa

  • Has spa
  • None

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