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PRICE $1,445,000 dsIDX morgage calculator
HOME SIZE 3,618 sqft
LOT SIZE 7,049 sqft

We are pleased to offer 1215 Neola Street, a 4-Unit (3+1 non-conforming) apartment community located in the rarely available and emerging trendy neighborhood of Eagle Rock. Situated on a tree-lined residential street full of charming cottages, 1215 Neola Street offers its tenants a quiet place to relax all while being within close proximity to the best of what the city and the surrounding areas have to offer including Occidental College, Yosemite Recreational Center, Kidspace Children’s Museum, Elysian Park and Dodger Stadium. The offering at Neola Street is ideally located just east of Downtown Los Angeles and a short distance to Burbank via the 134 Freeway offering tenants ease of access throughout the greater Los Angeles metro area. Tenants of the property enjoy washer/dryer hookups (in the three-bedroom units), wall heaters, secured access and onsite parking. Neola Street offers a unique and beneficial opportunity for a new investor as two of the four units can be delivered vacant at the close of escrow. This would provide an investor with the ability to obtain market-level rents (on those two units) and almost triple the cash flow within the first year. Also, there is potential to build ADU's (accessory dwelling units) under the recently expanded ADU program.** This will allow for additional permitted units that can produce further income and dramatically enhance the value of the property. **Buyer to be responsible to verify with the city of Los Angeles

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Listing provided by : Rick Applebaum CalDRE: 01273871, Morgan Skenderian

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 3/28/20 10:19 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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