2217-2223 Laverna Ave 7 Unit Apartment Building $1,300,000 ($185,714/Unit) 4.94% Cap Rate Eagle Rock, CA 90041

2217 Laverna Avenue offers a rare value-add multifamily investment opportunity in the highly coveted Eagle Rock neighborhood—one of Los
Angeles’ most supply-constrained, stable, and consistently high-demand rental markets.
This charming 1924 bungalow-style courtyard community features seven (7) one bedroom/ one-bathroom units, each showcasing classic architectural character including hardwood floors, built-ins, and timeless period details that remain extremely desirable among today’s renters. Delivered with two units vacant at closing, the property provides investors with an immediate runway to launch a strategic renovation program and reposition the asset to unlock substantial rental upside.
With all units separately metered for electricity and gas, six garages onsite, and historically low vacancy levels in the surrounding area, the property is ideally positioned for an investor seeking a compelling mix of stability, scalability, and value creation in a core Los Angeles submarket. A thoughtful interior and exterior improvement plan modernizing kitchens, bathrooms, flooring, and common areas while preserving the property’s character—can meaningfully elevate income, generating significant yield expansion in a neighborhood where renovated 1-bedroom units consistently command top-of-market rents.