1215 Neola St, Los Angeles, CA for sale

Investment Overview

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.

Investment Highlights

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