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53 UNITS | EAGLE ROCK
$17,500,000

Under Contract
  • Summary
  • Location
  • Amenities

REDUCED BY $1,350,000

Realty Investment Advisors is 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.

  • Rare 53 Unit Eagle Rock Offering
  • 1986 Construction
  • First Time on the Market in Over 35 Years
  • Long Term Ownership
  • Ideal Unit Mix of One and Two Bedroom Units
  • Delivered with 10 Vacancies
  • Not Subject to City of LA Rent Stabilization Ordinance
  • Minutes from Occidental College
  • Ideally Situated in Center of Colorado Blvd, Eagle Rock Blvd & York Blvd Shopping, Cafes, Restaurants, Bars & Transportation
  • 53 Tandem Parking Spaces (106 Total) Allowing Flexible ADU Possibilities