1182 Oak Grove DR Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90041
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,827 sqft
Price per Sqft $600
MLS Listing ID 25514613
Year Built 1909
Lot Size 1.782 Acres
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 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.
Location
State CA
County Los Angeles
Area 632 - Highland Park
Zoning LAR1
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Exterior
Parking Features Assigned
Building
Story 2
New Construction No
Others
Special Listing Condition Standard