1182 Oak Grove Drive, Los Angeles, CA 90041
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- MLS#: 25514613 ( )
- Street Address: 1182 Oak Grove Drive
- Viewed: 1
- Price: $2,900,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1909
- Bldg sqft: 0
- Days On Market: 21
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90041
- Provided by: Marcus & Millichap
- Contact: Matthew Matthew
- DMCA Notice
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DescriptionWe are pleased to present 1182 1194 Oak Grove Drive, a 7 unit cottage style apartment community located on a secluded 1.78 acre hillside cul de sac in Eagle Rock, California. Originally constructed in 1909, the individual cottages are spread out over the expansive lot like small private residences. Six of the seven units have been fully renovated over the past few years. The property features a favorable unit mix consisting of (4) one bedroom/one bathroom units and (3) two bedroom/one bathroom units. Renovated units have been taken down to the studs and rebuilt to feature private decks (select units), split heat/air conditioning units, in unit washer/dryers, designer vinyl plank hardwood style flooring, fully remodeled kitchens with tiled backsplashes, granite countertops and new stainless steel appliances (refrigerator, dishwasher, stove), stylish bathrooms with tiled showers and flooring. The property features great views with usable outdoor space and each unit is provided ample assigned off street parking. Given the expansiveness of the lot (1.78 acres LAR1 zone), there is also an opportunity for a buyer to construct more units (buyer to conduct its own investigations). 1182 1194 Oak Grove Drive is located in Eagle Rock, one of the most rapidly gentrifying rental submarkets in Los Angeles County with high rental demand and historically low vacancy rates. The property is close to trendy coffee shops, excellent restaurants, bustling bars and nightlife along Colorado Boulevard. It is also just a short drive to other dining and entertainment hubs such as Highland Park, Pasadena and Glendale. The property is conveniently located 2.1 miles from the Highland Park Metro Gold Line Station providing easy rail access to DTLA, Hollywood, Koreatown, Culver City and Santa Monica. The property is also close to the 134, 110, 210 and 5 freeways for commuters heading to job centers such as Glendale, Burbank, DTLA and Pasadena.
Property Location and Similar Properties
Features
Building Area Total
- 4827.00
Cooling
- Wall/Window Unit(s)
Country
- US
Heating
- Forced Air
Levels
- Multi/Split
Netoperatingincome
- 150409.00
Parcel Number
- 5480016015
Parking Features
- Assigned
Postalcodeplus4
- 2418
Sourcesystemkey
- 25514613:CLAW
Totalexpenses
- 74114.00
Year Built
- 1909
Zoning
- LAR1