5055 Shearin Avenue
Los Angeles, CA 90041
- – beds
- – baths
- – sqft
- 6,716 sqft lot
- 1968 build
- – on site
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.
Last checked:
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Last updated Dec 13, 2024
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MLS# 24468779 —
The Building
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Year Built:1968
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:6474.00
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Total Number Of Units:6
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# of Buildings:1
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Stories Total:2
Interior
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Levels:Two
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Laundry:Community
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Laundry:1
Location
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Directions:Follow Colorado Blvd to Shearin Ave, Use the right 2 lanes to turn right onto Colorado Blvd, Turn right onto Shearin Ave
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Latitude:34.13773700
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Longitude:-118.21078900
The Property
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Property Type:Residential Income
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Zoning:LARD1.5
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Lot Size Area:6716.0000
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Lot Size Acres:0.1542
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Lot Size SqFt:6716.00
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Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5686005010
Heating & Cooling
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Carport, Street
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Parking Spaces:10.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/13/24
Dec 13, 2024
|
Pending | CRMLS_CA | $1,400,000 | |
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12/4/24
Dec 4, 2024
|
Listed / Active | CRMLS_CA | $1,400,000 |
