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4650 York Boulevard
Los Angeles, CA 90041 Eagle Rock

$3,690,000 USD

Multifamily For Sale  •  13,270 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 13,270 SF
  • Year Built 1950
  • Zoning LARD3-1
42 Transit Score
89 Walk Score

Highlights

Street-to-street assemblage in the heart of Eagle Rock featuring approx. 43% rental upside and an all 2-bdrm. unit mix.
First time on the market in 50 years, comprised of 12 spacious 2-bdrm. units totaling approx. 12,270 SF, with 2 units delivered vacant at COE.
Value-add opportunity projected to stabilize at a 7.68% market CAP and 9.32 market GRM based on renovated market rents.
Offering spans 4 contiguous parcels, including an 8-unit building, a 4-unit building, parking land, and a vacant lot.
Brickwork analysis indicates potential to develop up to 82 units under a full affordable housing scenario, subject to buyer verification.
Secondary density opportunity to add approx. 5 market-rate units on the vacant lot and parking area while continuing to collect income.

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 3.5 mi
13 min - 6.4 mi
AirportDriveWalkDistance
Bob Hope 23 min - 14.3 mi
Los Angeles International 36 min - 25.5 mi
Long Beach (Daugherty Field) 41 min - 29.1 mi
Kenny Stevens 310-968-7005 Compass
Kenny Stevens 310-968-7005 Compass