5256 Loleta Avenue Eagle Rock, CA 90041
Phenomenal investment/development opportunity to acquire a generational asset in the highly sought-after north of Colorado Boulevard area of Eagle Rock. This triplex sits on an R1 lot just under 8,000 sq. ft. and features three separate detached units. The first unit is a 3 bed, 2 bath detached house featuring a sun-filled open floor plan, perfect for a family looking for a single family home while still receiving the benefit of rental income. Sitting toward the back of the property and separated by a beautiful backyard and courtyard are the two detached 1 bed/1 bath bungalows. Each unit is separately metered and has its own washer & dryer. But that's not all! Because this property is located on an R1 lot, this property has the potential for additional development by converting the detached garage located at the end of the gated driveway into an ADU and adding a Junior ADU to the main house - a perfect play for an owner/user. Located in the award-winning Dahlia Heights Elementary School District and walking distance to all the hot spots along Colorado Boulevard including Found Coffee, Little Beast, Malbec Market, Cacao, Trader Joe's, and Colorado Donuts. Don't miss this unique opportunity to generate income while living in one of the most desirable locales in Eagle Rock.