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2346 Yosemite Dr - 2346-2348 Yosemite Dr Los Angeles CA 90041 2 Unit Apartment Building Offered at $1,050,000 at a 3.17% Cap Rate Los Angeles, CA 90041
Executive Summary
**DELIVERED VACANT** **LARGE LOT** Located in the heart of Eagle Rock in Northeast Los Angeles, this spacious duplex at 2346-2348 Yosemite Dr sits on a large lot with mature fruit trees, a detached two-car garage, and a deep, fully gated driveway with parking for up to six cars. Unit 2346, the left side unit, features one bedroom, a bonus room currently used as a pantry, and two nonconforming attic conversion rooms Sq Ft 1,125 taped out (Could be used as 3 bedrooms plus bonus) Unit 2348, the right side unit, offers one bedroom plus a bonus room used as a second bedroom Sq Ft. 600 taped out (Could be used as 2 bed rooms). Major upgrades include an updated main electrical panel completed in November 2025, new subpanels for both units, and copper plumbing with sewer replacement completed approximately seven years ago. Both units are delivered vacant, providing flexibility for an owner-user or investor to set market rents in a high-demand Eagle Rock location near local amenities, neighborhood hotspots, and convenient freeway access.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$52,800
|
$265.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$52,800
|
$265.33
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$17,925
|
$90.08
|
| Net Operating Income |
$34,875
|
$175.25
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $52,800 |
| Annual Per SF | $265.33 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $52,800 |
| Annual Per SF | $265.33 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $17,925 |
| Annual Per SF | $90.08 |
| Net Operating Income | |
|---|---|
| Annual | $34,875 |
| Annual Per SF | $175.25 |
Property Facts
| Price | $1,050,000 | No. Units | 2 |
| Price Per Unit | $525,000 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 199 SF |
| Cap Rate | 3.17% | No. Stories | 1 |
| Gross Rent Multiplier | 19.98 | Year Built | 1913 |
| Price | $1,050,000 |
| Price Per Unit | $525,000 |
| Sale Type | Investment |
| Cap Rate | 3.17% |
| Gross Rent Multiplier | 19.98 |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 199 SF |
| No. Stories | 1 |
| Year Built | 1913 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,200 | 598 - 1,125 |
1 1
Walk Score®
Very Walkable (83)
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2346 Yosemite Dr - 2346-2348 Yosemite Dr Los Angeles CA 90041
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