What a nice find in Eagle Rock! This is a classic pride of ownership five unit building in a great location, near shopping, restaurants, schools and Yosemite Recreation Center. Five Units each with one bedroom and one bath plus laundry room (five beds and five baths total). The long-time owners have preserved the original character and charm of this 1927 classic and have maintained it beautifully. The property consists of two duplexes and one carriage home, all bright and generous one-bedroom and one-bathroom apartments. Just a few of the updates include dual pane windows, tankless water heaters, private laundry hook ups in each unit, cooper plumbing and stairs to the carriage house. Both the gas and the electricity are separately metered and there are sub meters for water at each unit. Units are vacant and are ready for new owners. Proforma Cap rate of 6.5% and Gross Margin of 11 are based on a conservative rent of $2100 per unit. Family owned since 1966!.
Property Details
Price:
$1,389,000
MLS #:
P1-20641
Status:
Active
Baths:
0
Address:
1416 Yosemite Drive
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
618eaglerock
City:
Los Angeles
Listed Date:
Jan 27, 2025
State:
CA
ZIP:
90041
Lot Size:
6,995 sqft / 0.16 acres (approx)
Year Built:
1927
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Schools
Interior
Appliances
None
Cooling
None
Fireplace Features
None
Flooring
Carpet, Vinyl
Heating
Wall Furnace
Interior Features
Tile Counters
Window Features
Double Pane Windows, Blinds
Exterior
Community Features
Biking, Sidewalks, Street Lights, Storm Drains, Park, Foothills, Curbs
Fencing
Wrought Iron
Foundation Details
Raised
Garage Spaces
5.00
Lot Features
Sprinklers None
Parking Features
Assigned, Garage
Parking Spots
5.00
Pool Features
None
Roof
Flat, Rolled/ Hot Mop
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Water, Gas
Utilities
Electricity Connected, Natural Gas Connected
Map
Community
- Address1416 Yosemite Drive Los Angeles CA
- Area618 – Eagle Rock
- CityLos Angeles
- CountyLos Angeles
- Zip Code90041
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Courtesy of COMPASS. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.
1416 Yosemite Drive
Los Angeles, CA
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