1615 Yosemite Dr
Los Angeles, CA 90041
Multifamily Property For Sale · 38 Units

The Boyett Team at CBRE is proud to present 1615 Yosemite Drive, a well-maintained 38 unit apartment community positioned in the center of Eagle Rock — one of Northeast Los Angeles’ most sought-after and supply-constrained rental neighborhoods. Built in 1990, the property combines meaningful scale with consistently strong renter demand, giving investors a rare chance to own a newer-construction asset in a market known for its stability, limited turnover, and long-term value growth. With operational upside still on the table, this offering appeals equally to buy-and-hold investors and groups looking to unlock additional income through thoughtful improvements.
Situated on a 22,368 SF lot, 1615 Yosemite Drive is a well-designed three-story, 31,692 SF community featuring an efficient mix of thirteen 1-bed/1-bath and twenty-five 2-bed/2-bath units. Residents enjoy on-site laundry, a community pool, and gated parking, with parking fees and active participation in a RUBS program offering a dependable income boost. Current rents—$1,769 for one-bedrooms and $1,978 for two-bedrooms—present roughly 15% upside. As a 1990 construction, the asset is exempt from the Los Angeles RSO and operates under AB 1482 (5% + CPI), supporting predictable annual rent growth and an inflation hedge.
Set in the heart of Eagle Rock, the property benefits from the neighborhood’s long-standing appeal, small-town feel, and strong community identity. Colorado Boulevard’s cafés, boutiques, and restaurants are close by, and proximity to major job centers in Downtown LA, Glendale, and Burbank keeps rental demand consistently strong. With its desirable setting and built-in operational upside, 1615 Yosemite Drive offers investors a compelling opportunity in one of Northeast LA’s most
sought-after submarkets.