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Multifamily

4617 Eagle Rock Boulevard Los Angeles, CA 90041

4617 Eagle Rock Blvd, Los Angeles, CA 90041

Listing Price: $1,550,000

Cap Rate
3.70%

Investment Overview

Marcus & Millichap, as an exclusive listing agent, is pleased to present an opportunity to acquire a seven unit apartment building located at 4617 Eagle Rock Boulevard in the heart of Eagle Rock area. This prime Eagle Rock location is on the eastern side of the city, just 1,000 feet to Occidental College, one of the oldest liberal arts colleges on the West Coast of the United States. With a Very Walkable score of 82 and a Very Bikeable score of 72, tenants are just a short distance (0.8 miles) to Colorado Boulevard and York Boulevard (0.3 miles) with many options for dining and entertainment. This bungalow-style garden apartment building was constructed in 1939 with 2,532 square feet of improvements on a 4,770 square foot LAC2 lot. The property features vintage breakfast nooks, art deco tile, crown molding, hardwood flooring, and lots of built-ins. 4617 Eagle Rock Boulevard is currently registered as a seven (7) unit apartment building, consisting of all studio units. 4617 Eagle Rock Boulevard is ideally located within close proximity to popular trendy restaurants, famed coffee shops and is home to many prospering artists, writers, and musicians. This offering will appeal to any savvy investor looking for a well-located trophy Eagle Rock property, with significant rental upside (51% +/-).

Investment Highlights

  • v Rare Multifamily Opportunity on Eagle Rock Blvd v Amiable Bungalow Style Studios
  • v Tremendous Value-Add Opportunity+/- 51% Upside v Exceptional Natural Lighting & Patio Availability in Multiple Units v Convenient Access to On-site Laundry Facility
  • v Walking Distance to Occidental College v Well Maintained Units with Art Deco Style Architecture v Close Proximity to Major Freeways 134, 2, and 5

Exclusively Listed By

Financing By

Multifamily

4617 Eagle Rock Boulevard Los Angeles, CA 90041

Listing Price: $1,550,000

Cap Rate
3.70%

Investment Highlights

  • v Rare Multifamily Opportunity on Eagle Rock Blvd v Amiable Bungalow Style Studios
  • v Tremendous Value-Add Opportunity+/- 51% Upside v Exceptional Natural Lighting & Patio Availability in Multiple Units v Convenient Access to On-site Laundry Facility
  • v Walking Distance to Occidental College v Well Maintained Units with Art Deco Style Architecture v Close Proximity to Major Freeways 134, 2, and 5

Investment Overview

Marcus & Millichap, as an exclusive listing agent, is pleased to present an opportunity to acquire a seven unit apartment building located at 4617 Eagle Rock Boulevard in the heart of Eagle Rock area. This prime Eagle Rock location is on the eastern side of the city, just 1,000 feet to Occidental College, one of the oldest liberal arts colleges on the West Coast of the United States. With a Very Walkable score of 82 and a Very Bikeable score of 72, tenants are just a short distance (0.8 miles) to Colorado Boulevard and York Boulevard (0.3 miles) with many options for dining and entertainment. This bungalow-style garden apartment building was constructed in 1939 with 2,532 square feet of improvements on a 4,770 square foot LAC2 lot. The property features vintage breakfast nooks, art deco tile, crown molding, hardwood flooring, and lots of built-ins. 4617 Eagle Rock Boulevard is currently registered as a seven (7) unit apartment building, consisting of all studio units. 4617 Eagle Rock Boulevard is ideally located within close proximity to popular trendy restaurants, famed coffee shops and is home to many prospering artists, writers, and musicians. This offering will appeal to any savvy investor looking for a well-located trophy Eagle Rock property, with significant rental upside (51% +/-).

Exclusively Listed By

Financing By

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