1182 Oak Grove Drive
Los Angeles, CA, 90041
$3,600,000
MLS: 26907579
Beds
6
Baths
7
Sq Ft
4,827
Lot
1.78 ac
Year Built
1909
MLS #
26907579
Days on Market
75
Listed
Aug 1, 2026
Description
1182 Oak Grove Dr presents a rare opportunity to acquire a 7-unit residential compound in the heart of Eagle Rock, one of Northeast Los Angeles' most sought-after neighborhoods. Situated on an expansive 1.78-acre lot (77,537 SF), the property consists of five detached single-family homes and one duplex seven units in total. Originally built in 1909 and extensively renovated in 2025, the property features four 1-bedroom/1-bath units and three 2-bedroom/1-bath units totaling approximately 4,875 rentable square feet across six separate buildings. Five of the seven residences function as standalone homes with private entrances, creating a true single-family living experience rarely found in multifamily investments. Beyond its current income-producing performance, the property offers a compelling long-term value-add opportunity. A future owner may have the ability to pursue a subdivision or parcel split (subject to buyer verification and city approvals), creating the potential to separately sell the detached single-family homes over time. This unique exit strategy provides investors with multiple avenues to unlock significant underlying land value while maintaining rental income during the entitlement process. The opportunity is further enhanced by the strength of the surrounding housing market. The 90041 ZIP code continues to command premium home values, with median home sale prices approaching $1.4 million and sustained buyer demand for single-family residences. Few multifamily assets offer the combination of immediate cash flow, detached-home appeal, substantial land ownership, and the potential for future individual home sales that 1182 Oak Grove Dr delivers.
Location
Los Angeles, Los Angeles County, CA 90041
Open on Google Maps ↗Listed by: Alexander Scinta · Marcus & Millichap
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$27,833
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $360,000 · Loan: $3,240,000
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $22,433
- Property tax (1.25%)
- $3,750
- Homeowners insurance
- $300
- Mortgage insurance
- $1,350
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $126,000 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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