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Joe Cloninger

[email protected] +1(323) 386-4663

$ 2,650,000

Est. payment | -/mo

8 Beds

6 Baths

3,618 SqFt

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$ 2,650,000

Est. payment | -/mo

Save

8 Beds

6 Baths

3,618 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,618 sqft

Price per Sqft $732

MLS Listing ID 26832367

Style Contemporary Mediterranean

Bedrooms 8

Construction Status Updated/Remodeled

Year Built 1912

Lot Size 7,053 Sqft

Acres 0.1619

Property Sub-Type Multi-Family

Property Description

Pleased to present 1215 Neola Street, a well-maintained multifamily investment opportunity located in the highly desirable Eagle Rock neighborhood of Los Angeles. Situated on a 7,000 SF R1-1 zoned lot, the property consists of approximately 3,618 SF of improvements and is currently configured as four income-producing units featuring an attractive unit mix of two spacious 3BR/2BA units and two 1BR/1BA units. Originally constructed in 1912 with a 1923 addition, portions of the property have been updated and remodeled in recent years.The property currently generates strong in-place income with stable tenancy and presents an opportunity for continued rental growth in one of Northeast Los Angeles' most sought-after rental markets. The front residence offers flexible living arrangements with separate entrances and functional layouts that appeal to a wide tenant pool. Buyer to independently verify all unit configurations, square footage, permits, zoning, and use with the City of Los Angeles.Additional features include gated access, on-site parking, updated dual-pane windows, landscaped outdoor areas, and a combination of stucco construction with contemporary California design elements. The property also includes additional lower-level/storage areas and excess land area that may provide future potential, subject to buyer investigation and City approval.Ideally located near the Colorado Boulevard corridor, Occidental College, Glendale, Pasadena, Downtown Los Angeles, and major freeway access including the 134 and 2 Freeways, the property benefits from strong rental demand and long-term neighborhood growth trends. This is an excellent opportunity for investors seeking a stabilized asset with upside potential in a premier Northeast LA location.

Location

State CA

County Los Angeles

Area Eagle Rock

Zoning LAR1

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment None

Laundry In Unit

Exterior

Parking Features Driveway

Garage Spaces 4.0

Waterfront Description None

View Y/N No

View None

Roof Type Composition, Tile

Building

Lot Description 2-4 Lots

Story 2

Water Public

Architectural Style Contemporary Mediterranean

Level or Stories Multi/Split, One

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Exp Commercial of California, Inc.

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CONTACT US

+1(323) 386-4663

[email protected]

1215 Neola St Los Angeles, CA 90041