About the Listing CLW-X81461 - CLW-X90606

4650 York Blvd is a 12-unit complexin the heart of Eagle Rock, positioned between York Blvd and Eagle Rock Blvd, two of Northeast LA's most heavily trafficked commercial corridors. The property is offered at $226 per SF, with current metrics of a 5.62% CAP and 11.15 GRM, pricing that aligns with recent Eagle Rock sales, while offering a stronger, more flexible unit profile than many competing assets. The property is comprised entirely of (12) 2-bdrm. units, each averaging over 1,000 SF, a layout that supports a wide range of tenant profiles, including roommates, couples, and small households seeking additional living or work-from-home space. Based on renovated 2-bdrm. units in the immediate Eagle Rock area, the property offers approx. 47% rental upside. At market rents, 4650 York is projected to stabilize at a 9.77% CAP and 7.56 GRM. The existing buildings sit on 2 parcels forming a street-to-street lot totaling 19,407 SF, with a low-rise layout that provides separation between structures and a more open feel than a traditional vintage multifamily complex. Located 0.4 miles from Occidental College, the property is well-positioned for shared living among students, faculty, and staff. Daily demand is further reinforced by immediate access to both York Blvd and Eagle Rock Blvd, where long-standing cafs, restaurants, neighborhood retail, and services draw consistent foot traffic throughout the day and evening. With an all two-bedroom unit mix, average unit sizes exceeding 1,000 SF, pricing in line with recent sales that feature less advantageous layouts, and meaningful rental upside supported by nearby renovated comps, 4650 York Blvd presents a priced-to-sell Eagle Rock offering with significant income growth potential in one of Northeast LA's most established corridors.

Listing Highlights