Active

2221 Addison Way

Los Angeles CA, 90041

$1,995,000


$387.83 per sqft

Active

8 Beds

8 Baths

5,144 sqft

Multi-family

Built in 1925

8 Unit income property in highly desirable Eagle Rock - a rare find in a market with extremely limited inventory. All units are 1 Bedroom 1 Bath. Four blocks from Colorado Blvd. Close to Occidental College. Six garages currently being used as storage for tenants. 6 uncovered parking spaces. All units separately metered for gas and electricity and all units have separate water heaters. Foundation bolting completed in 2013. Indicative of the strong rental demand in the local area, this property is fully leased. Upon unit turnover, this property presents an enticing 32% potential upside in rental income, making it a compelling opportunity for growth-minded investors. CONTACT LISTING AGENT FOR FULL OFFERING MEMORANDUM.

24-390355

MLS ID

May 12, 2024

Listed

July 13, 2024

Updated

Map

2221 Addison Way
Los Angeles CA, 90041

Interior Features

Total Stories

0


Bedrooms

8


Total Bathrooms

8


Appliances

Other


Laundry Description

None


Fireplace

No


Cooling

Yes


Cooling Description

Window Unit(s)


Heating

Yes


Heating Description

Wall Gas

Exterior/Building Features

Lot Size

0.29 Acres


Roof

Tar and Gravel

Other Property Details

Area Name

Eagle Rock


Days on Market

60


Garage

Yes


Parking

Garage


Parking Total

6


View

No


County

Los Angeles


Pool

No


Pool Features

None


Zoning

LARD1.5

Listing History

Date

Event

Price

7/9/2024

Price Change

$1,995,000

-5%

Listed by Gabriel Rudner with Aegis Management, Inc.
Listing Contact: 949-636-0365 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Louise Leach | CA DRE# 01774966 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 7/13/2024

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