1182 Oak Grove Dr, Los Angeles, CA 90041
1182 Oak Grove Dr, Los Angeles, CA 90041
1182 Oak Grove Dr, Los Angeles, CA 90041
7
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$3,600,000
Est. payment /mo
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6 Beds
7 Baths
4,827 SqFt
Active

1182 Oak Grove Dr Los Angeles, CA 90041

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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 $745

MLS Listing ID 26907579

Bedrooms 6

Year Built 1909

Lot Size 1.782 Acres

Acres 1.7824

Property Sub-Type Multi-Family

Property Description

1182 Oak Grove Dr presents a rare opportunity to acquire a 7-unit residential compound in the heart of Eagle Rock, one of Northeast Los Angeles' most sought-after neighborhoods. Situated on an expansive 1.78-acre lot (77,537 SF), the property consists of five detached single-family homes and one duplex seven units in total. Originally built in 1909 and extensively renovated in 2025, the property features four 1-bedroom/1-bath units and three 2-bedroom/1-bath units totaling approximately 4,875 rentable square feet across six separate buildings. Five of the seven residences function as standalone homes with private entrances, creating a true single-family living experience rarely found in multifamily investments. Beyond its current income-producing performance, the property offers a compelling long-term value-add opportunity. A future owner may have the ability to pursue a subdivision or parcel split (subject to buyer verification and city approvals), creating the potential to separately sell the detached single-family homes over time. This unique exit strategy provides investors with multiple avenues to unlock significant underlying land value while maintaining rental income during the entitlement process. The opportunity is further enhanced by the strength of the surrounding housing market. The 90041 ZIP code continues to command premium home values, with median home sale prices approaching $1.4 million and sustained buyer demand for single-family residences. Few multifamily assets offer the combination of immediate cash flow, detached-home appeal, substantial land ownership, and the potential for future individual home sales that 1182 Oak Grove Dr delivers.

Location

State CA

County Los Angeles

Area Highland Park

Zoning LAR1

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features None

Garage Spaces 10.0

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Marcus & Millichap

NEARBY SCHOOL & BUSINESS

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Herman Singh

Herman Singh

Broker

+1(718) 679-7822

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1182 Oak Grove Dr