Sold

2012 Yosemite Dr

Los Angeles CA, 90041

$2,100,000


$242.72 per sqft

Sold

21 Beds

11 Baths

8,652 sqft

Multi-family

Built in 1971

We are honored to present The Morreale Legacy Portfolio, located in the sought-after Eagle Rock neighborhood (90041). This exceptional investment opportunity features two buildings with a total of 16 units in a highly supply-constrained market. 2012 Yosemite Drive is a mid-century 10-unit building, while 5055 Shearin Avenue offers six mid-century units, both located within blocks of each other. This is the first time these properties, held by the developer's family since their construction in 1968 and 1971, are available on the open market. The portfolio can be sold together or individually. 5055 Shearin Avenue features an outstanding unit mix of (4) 2 Bed & 1 Bath and (2) 3 Bed & 2 Bath Units, with a total rentable square footage of approximately 6,474. 2012 Yosemite Drive includes (9) 2 Bed & 1 Bath, and (1) 3 Bed & 2 Bath Unit, with a total rentable square footage of approximately 8,652. Combined, the buildings offer approximately 15,126 square feet of rentable space on a 16,477-square-foot lot, with ample parking. For astute investors, there's significant value-add potential, including the possibility of adding ADUs and capitalizing on substantial upside opportunities (buyer to verify feasibility). The properties are zoned R1 and RD1.5, situated in a residentially zoned community offering above-market rental rates. Located in the vibrant core of Eagle Rock, the portfolio boasts walk scores of 80 and 88, indicating that most errands can be accomplished on foot. This prime location is near Occidental College, Glendale, Atwater Village, Highland Park, and Pasadena, ensuring enduring appeal to tenants Disclosure**Buyers are to conduct thorough and independent due diligence, including verifying building square footage, lot size, legal bedroom/bathroom count, parking availability, unit mix, year built, zoning, market rents, and the feasibility of ADUs or additional units. PLEASE DO NOT DISTURB TENANTS OR ENTER THE PROPERTY - DRIVE-BY ONLY.

24-468777

MLS ID

December 4, 2024

Listed

December 21, 2024

Updated

Map

2012 Yosemite Dr
Los Angeles CA, 90041

Interior Features

Total Stories

0


Bedrooms

21


Total Bathrooms

11


Appliances

None


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.22 Acres

Other Property Details

Area Name

Eagle Rock


Days on Market

7


Garage

No


Parking

Driveway, Covered Parking, Carport Attached, On street


Parking Total

15


View

No


County

Los Angeles


Pool

No


Zoning

LAR1

Listing History

Date

Event

Price

12/20/2024

Sold

$2,100,000

12/13/2024

Pending

Listed by Eric Dilanian with Remax Commercial and Investment Realty
Listing Contact: 213-233-4379 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Alyssa Valentine + Anselm Clinard | CA DRE# 01517618 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 12/21/2024

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