1580 Yosemite Drive Eagle Rock, CA
$ 16,000,000
Property Attributes
  • MLS#AR18267262
  • TypeIncome
  • CityEagle Rock
  • AreaEagle Rock
  • Zip90041
  • Style
  • Price$ 16,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2.06 Acres
Listing Provided Courtesy Of:
Handoko Chen with GIG Real Estate Inc..
Property Description

PRIVATE TOURS ARE AVAILABLE WITH AN APPOINTMENT. SEE AGENT REMARKS. Proforma CAP Rate is over 7% with proven/achieved rents. Yosemite Gardens is a 50-unit community situated on a large ±2.06 acre lot. The large lot and RD1.5-1 zoning allow additional 26 units to be built on site (BUYER TO VERIFY). The property is a Mid-century, well-maintained, two-story, value-add apartment community in the Eagle Rock area of the City of Los Angeles, California. The community has a center driveway with large, landscaped outdoor common areas and consists of 3 main buildings with multiple detached private garages. It was built in 1951, has a ±44,272 sqft building size on an oversized 89,658 sqft lot. The property has 2 parcels and 2 different zonings. The property offers walkable amenities, easy transportation access, and close proximity to LA’s most exciting neighborhoods. It has an excellent unit mix of 27 x 2bedroom+1bathroom and 23 x 1bedroom+1bathroom. Each unit (average unit size ±885 sqft) has an excellent layout with original hardwood flooring, large windows, individual water heaters, tiled kitchens and tiled bathrooms, ceiling fans, and a dishwasher. Approximately 13-units have been upgraded with restored hardwood flooring, new kitchen finishes, and restored bathroom. The property separately metered for electricity and gas and is cable and Wi-Fi ready.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
11/5/2018 Listed $17,000,000
12/18/2018 3% - $16,500,000
1/24/2019 4% - $16,000,000

General Features

Assessments Buyer to Verify
Attached Structure Attached
Community Features Suburban, Valley
Directions southeast of Townsend and Yosemite Dr, South of Colorado Blvd
HOA Fee 0.00
Levels Two
Listing Agent Handoko Chen - BRE#01749321
Listing Agent State License 01749321
MLS Area 618 - Eagle Rock
Property Attached Y/N Yes
Special Listing Conditions Standard
Total Units 50
Zoning LARD1.5

Interior Features

1st Bedroom Area 700
1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area 900
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 2+ Common Walls
Dishwasher Count 50
Flooring Wood
Garbage Disposal Count 50
Laundry Features Area, Community
Laundry Y/N Yes
Number of Wall ACs 50
Range Count 50
Refrigerator Count 50
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 0.00
Carport Spaces 0.00
Garage Spaces 50.00
Lot Features Back Yard, Garden, Lot Over 40000 Sqft, Lot Shape-Irregular, Lot-Level/Flat, Near Public Transit
Lot Size Acres 2.0583
Lot Size Area 89658.0000
Lot Size Source Assessor
Lot Size Square Feet 89658.00
Lot Size Units Square Feet
Number of Buildings 3
Number of Separate Electric Meters 51
Number of Separate Gas Meters 51
Number of Separate Water Meters 1
Parking Features Assigned
Parking Y/N Yes
Pool Features None
Sewer Public Sewer
Total Parking 50.00
Uncovered Spaces 0.00
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90041

AVG $3.1M
AVG 52
Year Built
AVG 1985
AVG 77
Data Provided by Walkscore ® not using MLS data

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