Los Angeles, CA 90041,1182 Oak Grove Dr
Los Angeles, CA 90041,1182 Oak Grove Dr
Los Angeles, CA 90041,1182 Oak Grove Dr
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$2,900,000
Est. payment /mo
7 Baths
4,827 SqFt
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Key Details

Property Type Multi-Family

Sub 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

Acres 1.7824

Property Sub-Type Multi-Family

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 Highland Park

Zoning LAR1

Rooms

Other Rooms None

Interior

Heating Forced Air

Cooling Wall/Window

Equipment None

Exterior

Parking Features Assigned

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Marcus & Millichap

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Kirshner Elkin Properties

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