Residential Income Quadplex
For Sale
$2,650,000
1215 Neola St, Los Angeles, CA 90041
R1-1 zoned income property with 3,618 SF building area and 100% occupancy.
Property Size3,618 SF
Lot Size0.16 Acres
Price / SF$732.45
Days on Market49
Property Features for 1215 Neola St
General Information
Standard status
Active
Size
3,618 SF
Lot size
0.16 Acres
Property subtype
Multifamily
Zoning
R1-1
Occupancy
100%
Additional Details
Multifamily Units
3
Building Details
Building Size
3,618 SF
Year Built
1912
Year Renovated
2025
Tenancy
Multi
Listing Agency:
eXp Commercial
(818) 433-0548
Listed By:
Karl Markarian · License #CalDRE #01932970
Source:
7s
Added: Jun 25
Changed: Aug 8
Last Checked: Aug 11 at 5:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial
Investment Insights
Based on property information with market context.
1215 Neola Street is an Eagle Rock income property built in 1912 with a total building area of 3,618 SF. Per City records, it is configured as a three-unit asset, including 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, consisting of a three-bedroom/two-bath main floor and a three-bedroom/two-bath upper unit, each with its own kitchen, separate entrance, and independent utilities. The property includes a basement, along with additional square footage that may offer expansion potential, subject to City of Los Angeles verification and approval.
The property sits on a 7,000 SF parcel zoned R1-1 and is currently 100% occupied. Buyers should 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. The building was renovated in 2025.
The property sits on a 7,000 SF parcel zoned R1-1 and is currently 100% occupied. Buyers should 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. The building was renovated in 2025.
Key Highlights
- Income property on a 7,000 SF R1‑1 zoned parcel in Los Angeles, built in 1912
- 3,618 SF total building area configured per City records as a three‑unit asset (front single‑family plus two rear one‑bedroom units)
- Front residence currently generates two income streams: main floor 3BD/2BA and upper 3BD/2BA with its own kitchen, separate entrance, and independent utilities
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
Explore this area
Business Placement
Demographics for 90041, CA
26,654
Population
10,425
Households
2.6
Avg Household Size
41
Median Age
52%
College-Educated
92%
High-School Grad
3.6 sq mi
ZIP Area
7,404
Density / Sq Mi
$111,834
Median Household Income
$54,443
Median Earnings
$1,797
Median Rent
$1,135,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - R1-1 zoned income property with 3,618 SF building area and 100% occupancy.
Where is this quadplex located?
The property is located at 1215 Neola St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Income property on a 7,000 SF R1‑1 zoned parcel in Los Angeles, built in 1912; 3,618 SF total building area configured per City records as a three‑unit asset (front single‑family plus two rear one‑bedroom units); Front residence currently generates two income streams: main floor 3BD/2BA and upper 3BD/2BA with its own kitchen, separate entrance, and independent utilities
