5055 Shearin Avenue, Los Angeles, CA 90041
-
Sold Price :
$1,300,000
-
Beds :
14
-
Baths :
8
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Property Size :
6,474 sqft
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Year Built :
1968
Property Description
We are honored to present The Morreale Legacy Portfolio, located in the sought-after Eagle Rock neighborhood (90041). This exceptional investment opportunity features two buildings with a total of 16 units in a highly supply-constrained market. 2012 Yosemite Drive is a mid-century 10-unit building, while 5055 Shearin Avenue offers six mid-century units, both located within blocks of each other. This is the first time these properties, held by the developer's family since their construction in 1968 and 1971, are available on the open market. The portfolio can be sold together or individually.5055 Shearin Avenue features an outstanding unit mix of (4) 2 Bed & 1 Bath and (2) 3 Bed & 2 Bath Units, with a total rentable square footage of approximately 6,474. 2012 Yosemite Drive includes (9) 2 Bed & 1 Bath, and (1) 3 Bed & 2 Bath Unit, with a total rentable square footage of approximately 8,652. Combined, the buildings offer approximately 15,126 square feet of rentable space on a 16,477-square-foot lot, with ample parking. For astute investors, there's significant value-add potential, including the possibility of adding ADUs and capitalizing on substantial upside opportunities (buyer to verify feasibility). The properties are zoned R1 and RD1.5, situated in a residentially zoned community offering above-market rental rates. Located in the vibrant core of Eagle Rock, the portfolio boasts walk scores of 80 and 88, indicating that most errands can be accomplished on foot. This prime location is near Occidental College, Glendale, Atwater Village, Highland Park, and Pasadena, ensuring enduring appeal to tenants Disclosure**Buyers are to conduct thorough and independent due diligence, including verifying building square footage, lot size, legal bedroom/bathroom count, parking availability, unit mix, year built, zoning, market rents, and the feasibility of ADUs or additional units. PLEASE DO NOT DISTURB TENANTS OR ENTER THE PROPERTY - DRIVE-BY ONLY.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
14 |
| Bathroom Information |
| Bathrooms |
8 |
| Interior Information |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
5055 Shearin Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90041 |
| County |
Los Angeles |
| Listing Agent |
Eric Dilanian DRE #01951699 |
| Courtesy Of |
Remax Commercial and Investment Realty |
| Close Price |
$1,300,000 |
| Status |
Closed |
| Type |
Residential Income |
| Structure Size |
6,474 |
| Lot Size |
6,716 |
| Year Built |
1968 |
Listing information courtesy of: Eric Dilanian, Remax Commercial and Investment Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 21st, 2024 at 12:01 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
