2221 Addison Way, Los Angeles CA, 90041

Active

2221 Addison Way

Los Angeles CA, 90041

$1,995,000

$387.83 per sqft

Active

8 Beds

8 Baths

5,144 sqft

Residential

Built in 1925

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

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.

24390355

MLSⓇ ID

May 9, 2024

Listed

December 14, 2024

Updated

Map

2221 Addison Way
Los Angeles CA, 90041

Interior Features

Total Stories: 2
Bedrooms: 8
Total Bathrooms: 8
Laundry Description: None
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.29 Acres
Roof: Tar/Gravel

Other Property Details

Area Name: 618 - Eagle Rock
Days on Market: 127
Garage: Yes
Parking: Garage
Parking Total: 6
View: No
County: Los Angeles
Pool: No
Pool Features: None
Zoning: LARD1.5

Listing Contact: 310-425-9578

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/14/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 12/14/2024 at 1:48 AM UTC