4650 York Blvd - 5.93% CAP & 10.68 GRM w/ 53% Rental Upside 12 Unit Apartment Building Offered at $2,895,000 at a 5.93% Cap Rate Los Angeles, CA 90041

Following a $100,000 price reduction, 4650 York is now offered at a 5.93% CAP and 10.68 GRM on current rents; which also equates to $218 per foot. This value-add opportunity consists of (12) 2-bdrm. units averaging nearly 1,000 SF each, and offers approx. 53% rental upside supported by renovated comps in the immediate area. At projected market rents, the asset is expected to stabilize at a 10.97% CAP and 6.97 GRM. First time on the market in more than five decades, the buildings sit on a 19,407 SF street-to-street lot spanning from Lincoln Ave. to York Blvd. The parcel's depth provides separation between structures, side-by-side parking, and a layout that provides privacy for . The all two-bedroom unit mix is what sets the property apart. Units averaging nearly 1,000 SF offer living and dining areas rather than compressed layouts. That scale supports roommate households and shared living arrangements common in Northeast LA, particularly given the property’s proximity to Occidental College. Located approximately 0.4 miles from Occidental College, 4650 York sits directly within the York Blvd corridor, surrounded by long-standing cafés, restaurants, and neighborhood retail that generate steady daily activity. The stretch of York between Eagle Rock Blvd and Avenue 50 has developed into one of Northeast LA’s most recognizable commercial pockets, reinforcing consistent renter demand. Positioned along York Blvd in the heart of Eagle Rock, 4650 York Blvd offers approximately 53% rental upside supported by renovated two-bedroom comps in the immediate pocket. The proximity to Occidental College and the walkable stretch of York’s long-standing cafés, restaurants, and retail provide the demand base that makes that growth realistic rather than theoretical.