2221 Addison Way
$1,995,000
8
8
5,144
5,144
$388
Description
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...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.
- Listed by Gabriel Rudner • DRE #02054447 • Brokerage DRE #00956552 • Aegis Management, Inc.
- Listed by Andrew Perris • DRE #00956552 • Brokerage DRE #00956552 • Aegis Management, Inc.
Property Details for 2221 Addison Way
Zoning
LARD1.5
Parcel Number5685005015
Total Units8.0
Living Area5144
Source Living AreaVendor Enhanced
AreaEagle Rock (618)
Vacancy Rate0
Lot Size Area12589
LISTING UPDATED: 12/13/2024 04:59 PM
Property Details for 2221 Addison Way
Status | Active |
---|---|
MLS # | 24-390355 |
Days on Market | 135 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1925 |
Lot Size | 0.29 AC / 12,589 SF |
County | Los Angeles County |
Building Information for 2221 Addison Way
Stories-Residences-Year Built1925Building Size-Lot Size0.29 AC / 12,589 SF
Property Information for 2221 Addison Way
Property History for 2221 Addison Way
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2221 Addison Way
Taxable ValueLand$295,451Additions$295,451Total$590,902
Tax Record2024$8,363 ($697 / month)
Home Facts
Total Finished SqFt5,144 SqFtAbove Grade Finished SqFt5,144 SqFtLot Size12,639 SqFtStyleMulti-Family Res (5+ Units)Year Built1925ZoningLARD1.5CountyLOS ANGELESAPN5685-005-015
Schools near 2221 Addison Way
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 12 | |||
Charter - | K to 8 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Eagle Rock Elementary and Magnet Center PublicK to 6 | ||
Eagle Rock High School Public7 to 12 | ||
PUC International Preparatory Academy CharterK to 8 | ||
California Creative Learning Academy CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.