Traditional charm meets contemporary design in this exceptional owner-user and/or investment opportunity, ideally located in the highly sought-after "north of Colorado Boulevard" enclave of Eagle Rock. Set on an expansive flat lot nearly 11,000 square feet, the property features three standalone units, each offering privacy, flexibility, and long-term upside.The charming 2-bedroom, 1-bath front residence showcases a decorative fireplace, hardwood floors, original built-ins, a dedicated laundry room, a welcoming front porch, and a sun-filled dining area with French doors. A detached two-car garage sits at the end of a long driveway, providing ample on-site parking. Toward the rear of the property are two additional standalone residences: a cozy 1-bedroom, 1-bath bungalow with hardwood floors and in-unit laundry, and a recently completed new-construction ADU built by local builder Opus Builders, Inc. The ADU offers 2 bedrooms and 1 bathroom, soaring 10-foot ceilings, new wood flooring throughout, and a modern kitchen equipped with stainless steel Fisher & Paykel appliances. This unit also features a private grassy outdoor area, ideal for relaxing or entertaining. All units are on month-to-month leases, creating an exceptional opportunity for an owner-user or investor to maximize flexibility and future potential. Further enhancing the value, plans for an additional fourth unit are available and may be delivered should the buyer desire, offering a compelling path to increased density and long-term returns. Located moments from award-winning Dahlia Heights Elementary and the vibrant shops, dining, and amenities along Colorado Boulevard. This is a rare chance to own a versatile, well-located property in one of Eagle Rock's most coveted neighborhoods.
How many bedrooms does this multi-family home have?
There are 5 bedrooms in this multi-family home at 5231 Loleta Avenue.
Does this multi-family home have parking?
Yes, there are 2 parking spaces available for 5231 Loleta Avenue.
How does 5231 Loleta Avenue compare to other multi-family homes in Eagle Rock?
This multi-family home is listed 5% below the average price for multi-family homes in Eagle Rock and has been on the market for 7 less days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 2,653 sqft.
5231 Loleta Avenue is a 5-bedroom multi-family home for sale in Los Angeles CA 90041. On Prevu for 46 days at $1,499,999. This includes a recent price decrease of $200,000. This property features 2,653 square feet of living space, located in Eagle Rock. The median listing price for multi-family homes in this area is $1,599,000. The home offers dishwasher, parking, and washer/dryer. View other multi-family home listings in Los Angeles.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
