1182 Oak Grove Dr, Los Angeles, CA 90041

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.