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Call us! 626.204.3300

1001 Rockdale Ave

Los Angeles, CA 90041

8 UNITS

Gentrifying Eagle Rock

ABOUT THE ASSET

$1,999,000

 

$1,576

$1,126

$1,750

$2,100

8

1959

6,166

11,358

5481-012-017

SUMMARY

Price: 

 

Current Rents

One Beds

Two Beds

Market Rents

One Beds

Two Beds

Units

Year Built

Building SF

Lot SF

APN

PROPERTY DESCRIPTION
 
Bridge Investment Group is pleased to present the Rockdale Pagoda at 1001 Rockdale Ave in beautiful Eagle Rock. Built in 1959, this 8-unit property consists of four - 1 bed/1bath units and four - 2bed/1bath units totaling 6,166 sq.ft. All 8 units have spectacular views of the city. Two of the apartments have both a front and back door to their units.
 
Tenants have 8 tuck-under parking spaces and the option for street parking. This 11,358 sq.ft lot offers a community pool and on-site laundry facilities. Of the 8 units, 3 will be delivered vacant at close of escrow and possibly a 4th.

PROPERTY HIGHLIGHTS

  • Rare opportunity to own 8 units in gentrifying Eagle Rock.

  • Substantial value-add opportunity in a prime area of Los Angeles.

  • This property has been family owned and operated for 44 years.

  • Amenities include: a completely redone pool fully up to code, laundry on-site and wall heating (gas) and AC units.

  • Each unit is individually metered.

  • 38% of the units will be vacant at close of escrow.

  • With easy access to freeways & shopping, the Rockdale Pagoda is also near to Highland Park, Pasadena, South Pasadena and Glendale.

  • Subject to Los Angeles Rent Control

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MORE INFO

PROPERTY LOCATION

CONTACT US FOR ADDITIONAL INFO.

© 2016 Bridge Investment Group of KW Commercial

251 S. Lake Avenue, Suite 320

Pasadena, CA 91101

DRE #01444805