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
August 23, 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
96
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 Vanessa Withers 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 8/23/2024
