$2,900,000

Estimated payment $18,671/month

Total Views 7,470
-- Bed
7 Baths
4,827 Sq Ft
$601 Price per Sq Ft

Highlights

  • 1.78 Acre Lot
  • Eagle Rock High School Rated A
  • Forced Air Heating System

About This Home

We 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 and desirable 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.

Listing Agent

Matthew Ziegler

Marcus & Millichap License #01280909 Listed on: 03/20/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1909

Lot Details

  • 1.78 Acre Lot

Parking

  • Assigned Parking

Home Design

  • Split Level Home

Interior Spaces

  • 7 Bathrooms
  • 4,827 Sq Ft Home
  • 2-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Community Details

  • 6 Buildings
  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 5480-016-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 4827
  • Lot Acreage: 1.7824
  • Stories: 2
  • Year Built: 1909
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 7.00
  • Price Per S Q F T: 600.79

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned

Utilities

  • Cooling: Wall/Window
  • Heating: Forced Air

Lot Info

  • Assessed Improvement Percent: 20.00
  • Assessed Improvement Value: 254818
  • Assessed Land Percent: 80
  • Assessed Land Value: 1019275
  • Total Assessed Value: 1274093
  • Assessor Parcel Number: 5480-016-015
  • Lot Size Area: 77640

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.53
  • Number Of Units: 7
  • Total Annual Expense: 74114
  • Type Of Units: Apartments
  • Vacancy Rate: 3%

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2025 03/20/25 For Sale $2,900,000 +75.8% $601 / Sq Ft
04/26/2019 04/26/19 Sold $1,650,000 +17.9% $342 / Sq Ft
03/22/2019 03/22/19 Pending -- -- --
03/21/2019 03/21/19 For Sale $1,400,000 -- $290 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25514613

The MLS