If you need assistance, please call 888-255-7763

$18,850,000 $17,500,000
1520 Yosemite Dr, Los Angeles, CA 90041
78 Beds
77 Baths
36,788 SqFt

Share

   
OR
Photos
Map
Need help calculating monthly payments on this home? Estimate your mortgage here.
powered by CINC
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
  • Price:
  • $17,500,000
  • Bedrooms:
  • 78
  • Square Footage:
  • 36,788
  • Acreage:
  • 0.96
  • Year Built:
  • 1986
  • Listing ID #:
  • 22182627
  • Street Address:
  • 1520 Yosemite Dr
  • City:
  • Los Angeles
  • State:
  • California
  • Postal Code:
  • 90041
  • County:
  • Los Angeles
  • Community:
  • Eagle Rock
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Approximate Total Liveable Area:
  • 36788
  • Entry Level:
  • 1
  • Interior Features:
  • Ceiling Fan(s)
  • Number Of Units:
  • 53
  • Stories:
  • 3
  • Total # Of Buildings:
  • 2
  • Total Building Square Footage:
  • 36788
  • Year Built:
  • 1986
  • Gross Income:
  • 1101888
  • Net Operating Income:
  • 684151
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Lard1.5
  • Lot Size:
  • 41763
  • Lot Square Footage:
  • 41763
  • Days On Market:
  • 65
  • On Market Date:
  • 2022-07-29
  • Originating Mls:
  • Crmls
  • Previous Listing Price:
  • 18850000
  • Laundry:
  • Common Area
  • Carport Present:
  • Yes
  • Parking Description:
  • Covered, Carport
  • Parking Spaces:
  • 106
  • Heating:
  • Wall Furnace
$

$

%

$

$

$


The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Agent Benjamin J. Hsiang with Realty Investment Advisors
  • CACRMLS

Similar Properties

Image Unavailable
$18,800,000
11630 Moraga Ln, Los Angeles, CA 90049
19,127 SqFt
7 Beds | 13 Baths
CACRMLS Listing Agent Aaron Kirman with Compass
ACTIVE
Image Unavailable
$15,900,000
1580 Stone Canyon Rd, Los Angeles, CA 90077
9,391 SqFt
5 Beds | 8 Baths
CACRMLS Listing Agent Elisabeth Halsted with Berkshire Hathaway HomeServices California
ACTIVE
Image Unavailable
$19,000,000
Virtual Tour
1714 Stone Canyon Rd, Los Angeles, CA 90077
17,415 SqFt
8 Beds | 13 Baths
CACRMLS Listing Agent Yuan Le with PYC Financial
ACTIVE