1215 Neola St

$2,650,000

1215 Neola St, Los Angeles, CA 90041

For Sale

Multifamily Garden Low Rise

Active

Last Updated: 05/14/2026

Details:

Building Size: 3,618 sqft

Lot Area: 0.1609 acres

Occupancy: 100%

Class: B

Units: 4

Year Built: 1912

Offered by Broker

Karl Markarian

Senior Vice President

#01932970

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Highlights:

3,618 SF building
4 units
Built in 1912
Renovated in 2025
Zoned R1-1
Located in Los Angeles
100% occupancy

Description:

1215 Neola Street is an Eagle Rock income property situated on a 7,000 SF R1-1 zoned parcel, with 3,618 SF of total building area. The property is configured per City records as a three-unit asset, comprising a front six-bedroom / two-bath single-family residence and two rear conforming one-bedroom / one-bath units. The front residence is currently operated as two separate income streams: a three-bedroom / two-bath main floor and a three-bedroom / two-bath upper unit with its own kitchen, separate entrance, and independent utilities. The property also includes a basement and additional square footage that may offer expansion potential, subject to City of Los Angeles verification and approval. Buyer to independently verify permit history, legal unit status, and any applicable ADU or JADU legalization pathways with the City of Los Angeles Department of Building and Safety prior to close.

Strategically positioned in the heart of Eagle Rock, 1215 Neola Street offers a prime opportunity in one of Northeast Los Angeles’ most dynamic and steadily appreciating submarkets. Known for its blend of historic charm, creative culture, and continued growth, Eagle Rock has become a magnet for young professionals, families, and investors seeking long-term upside.

The property benefits from immediate proximity to major thoroughfares including Colorado Boulevard, the area’s primary retail and dining corridor, as well as convenient access to the 134 Freeway and 2 Freeway, providing seamless connectivity to Downtown Los Angeles, Pasadena, Glendale, and Burbank.

Surrounded by a vibrant mix of local eateries, boutique retail, and neighborhood staples, the location delivers a strong lifestyle component that continues to drive tenant and buyer demand. The area is further anchored by Occidental College, enhancing rental stability and long-term desirability.

With ongoing revitalization, consistent population demand, and limited supply, Eagle Rock continues to position itself as a high-demand pocket within Los Angeles, making this location an attractive play for both investors and owner-users looking to capitalize on growth and stability.