4650 York Blvd - Multi-Family FOR SALE


Los Angeles, CA 90041- Eagle Rock
$2,995,000 USD
310-968-7005
4650 York Blvd, Los Angeles, CA for Sale
$2,995,000 USD
Multi-Family - FOR SALE
1/10
null | 5.62% Cap Rate

4650 York Blvd
Los Angeles, CA 90041
Eagle Rock


HIGHLIGHTS

  • 12-unit Eagle Rock property offered at $226 per SF, operating at a 5.62% CAP and 11.15 GRM, priced in line with recent comps.
  • All-2-bdrm. unit mix with average unit sizes exceeding 1,000 SF, providing leasing flexibility for roommates, couples, and work-from-home households.
  • Approx. 47% rental upside based on renovated 2-bdrm. comps in the immediate area, projecting stabilization at a 9.77% CAP and 7.56 GRM.
  • Street-to-street site totaling 19,407 SF across two parcels, featuring a low-rise layout with separation between buildings and tenant privacy.
  • Prime Eagle Rock location between York Blvd and Eagle Rock Blvd, two of Northeast LA’s most heavily trafficked retail and dining corridors.
  • Located 0.4 miles from Occidental College, supporting sustained demand for larger 2-bdrm. layouts.

OVERVIEW

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 cafés, 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.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

12

PRICE/UNIT

$249,583

CAP RATE

5.62%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

(12) 2-Bdrm. Units @ 11.15 GRM w/ 47% Upside

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,407 SF

ZONING

LARD3

APN/PARCEL ID

5474-018-010,5474-018-011

ASK ABOUT THIS PROPERTY

Kenny StevensCompassMore Info
310-968-7005

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Kenny StevensCompassMore Info
310-968-7005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.