Active

1215 Neola Street

Los Angeles, CA 90041
Mark as Favorite
Bed 8

Bed

Bath 0

Bath

SqFt3,618

Sqft

SqFt7,053

Sqft(Lot)

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 sep arate 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,650,000

AD Id : 84812565

MLS Id : 26832367

Beds : 8

Lot Size : 7,053 Sqft

Living Area Size : 3,618

Year Built : 1912

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 8

    Bathroom Information

    Total Baths: 6 Full Baths: 0 Half Baths: 0
  • Interior Features

    Roof: Composition,Tile Windows: Double Pane Windows
  • Heating Source

    Wall Furnace Has Heating

  • Building Information

    Year Built: 1912 Building Area Total: 3,618 Roof: Composition,Tile

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1619
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 7053

  • Listing Price Information

    Original List Price: 2,650,000 Listing Contract Date: 2026-05-11
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 5690020021

  • Garage and Parking

    Garage Description: Driveway

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Cable TV,Electricity,Gas

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 618 - Eagle Rock Postal Code Plus 4: 2407 Directions: From the 5 Freeway, exit Fletcher Dr and head west. Turn left onto Ripple St, continue onto Allesandro St, then turn right onto Neola St. Property will be on the right-hand side. Zoning: LAR1 Source Property Type: Residential Income Area: 618 - Eagle Rock
  • Building and Construction

    Property Age: 114 Common Walls: 1 Common Wall Property Condition: Updated/Remodeled Year Built Source: Vendor Enhanced Total Square Feet Living: 3618 Property Attached: Yes Levels or Stories: One,Multi/Split Building Total Stories: 1
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1137 Eagle Vista Drive, Los Angeles, CA, 90041 $1,599,000 5 3 3,756 3,756 SqFt
5338 Waldo, Los Angeles, CA, 90041 $1,699,999 3 2 2,094 2,094 SqFt
4841 Minden Place, Los Angeles, CA, 90041 $1,995,000 5 2 2,356 2,356 SqFt
1257 Eagle Vista Drive, Los Angeles, CA, 90041 $1,699,000 3 2 1,794 1,794 SqFt
1063 Colorado, Los Angeles, CA, 90041 $1,175,000 -- -- 1,617 1,617 SqFt
1300 Blue Hill Road, Los Angeles, CA, 90041 $1,450,000 4 2 2,078 2,078 SqFt
1179 Kipling Avenue, Los Angeles, CA, 90041 $1,499,999 3 2 1,649 1,649 SqFt
1111 Arbor Dell Road, Los Angeles, CA, 90041 $1,295,000 3 2 1,664 1,664 SqFt
5172 Hartwick Street, Los Angeles, CA, 90041 $1,195,000 2 1 1,120 1,120 SqFt
5152 Hartwick Street, Los Angeles, CA, 90041 $1,950,000 5 4 2,512 2,512 SqFt

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ByOwner last updated this listing 06/22/2026 @ 10:29

MLS: 26832367 LISTED BY: Karl Markarian, Exp Commercial of California, Inc. SOURCE: CRMLS

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