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$ 2,900,000
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Active
1182 Oak Grove Drive Los Angeles, CA 90041
4,827 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,827 sqft
Price per Sqft $600
MLS Listing ID CL25514613
HOA Y/N No
Year Built 1909
Lot Size 1.782 Acres
Acres 1.78
Property Sub-Type Other
Property Description
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 rental submarkets in
Location
State CA
County Los Angeles
Zoning LAR1
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Building
New Construction No
Others
Tax ID 5480016015
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Listed by Matthew Ziegler • Marcus & Millichap