- 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
Current Listings
6 UNITS | HIGHLAND PARK
Amazing opportunity to acquire a residential income property in prime Highland Park! Unit mix includes five 1 Bed/1 Bath and one 2 Bed/1 Bath. Building is on a very large lot offering a potential repositioning opportunity by adding two 2 Bed/2 Bath ADUs at $2500 each unit. Inquire for more details.
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CARWASH | UPLAND
High Volume Express Carwash constructed in 1999 and renovated in 2021 with state-of-the-art express wash equipment. High Traffic location and large lot (.97 acres) in the affluent Upland neighborhood near strong national tenants, such as Walmart, Home Depot & CVS anchored shopping centers in near proximity. Over 38,000 avg daily traffic volume! Great visibility located…
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NEW | 5 UNITS | WEST ADAMS DISTRICT
5.59% CURRENT CAP RATE! We are pleased to present 2819 3rd Avenue, an attractive single story 5-unit property located in the upcoming Jefferson Park Neighborhood in the West Adams District. The unit mix is comprised of 1 and 2 bedroom units. All 5 units have been completely and beautifully renovated with no expense spared. Renovations…
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