1416 Yosemite Drive
Los Angeles, CA 90041
0.16 acres | #P1-20641
Description
Offers due Wednesday February 12 at 5pm. See private remarks.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
- Utility FeaturesElectricityConnected, NaturalGasConnected
- Lot DescriptionSprinklersNone
- SubdivisionNot Applicable
- InteriorTileCounters
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$1,389,000
- Property SubtypeApartment
- MLS #P1-20641
- MLS #P1-20641
- Cost1389000
- Acres0.1606
- FoundationRaised
- Utility SourcePublic
- Year Built1927
- Parking Spaces5
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Steven Kuhn (#p793)
Listing Office: COMPASS (#PF10944)
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