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4721 Lincoln Ave
Los Angeles, CA 90042 Eagle Rock

$4,300,000 USD

Apartments For Sale • 10,180 SF

Property Details

Property Type Apartments
Total Building Size 10,180 SF
Lot Size 0.44 AC
Building Class C
Year Built 1963
Cap Rate 6.21 %
Zoning LAC4

42 Transit Score

88 Walk Score

                
                    Highlights
                
                                First time on market in over 35 years, located in the gentrified neighborhood of Highland Park with strong rental demand
                            
                                Former York Motel featuring 12 large residential units and 1 commercial office space for value-add or redevelopment opportunities
                            
                                Versatile unit mix includes six 2-bed/2-bath, two 2-bed/1-bath, three 1-bed/1-bath units, one studio, and one commercial unit
                            
                                93% vacancy, providing immediate potential for unit renovations and high rental income growth
                            
                                Pro Forma CAP rate of over 6.2%, with further income potential through the addition of up to three ADUs (subject to approval)
                            
                                Two contiguous parcels totaling 0.44 acres, with an adjacent single-family parcel available for expanded development (0.57 acres total)

Financial Summary (Proforma)

Net Operating Income: $270,716 USD (2024)

Cap Rate:	6.21 %
Total Expenses:	$116,608 USD

Amenities

Air Conditioning
Laundry Facilities

Public Transportation

Commuter Rail	Drive	Walk	Distance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	6 min	-	3.3 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	14 min	-	6.5 mi
Airport	Drive	Walk	Distance
Bob Hope	21 min	-	14.1 mi
Los Angeles International	35 min	-	21.5 mi
Long Beach (Daugherty Field)	40 min	-	28.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	24
Type:	Surface
Included in Rent:	Yes

David Lin 626-257-8502 Colliers

4721 Lincoln Ave Los Angeles, CA 90042 Eagle Rock