2221 Addison Way
Los Angeles, CA 90041
- – beds
- – baths
- – sqft
- 12,589 sqft lot
- 1925 build
- – on site
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.
Last checked:
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Last updated Dec 17, 2024
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MLS# 24390355 —
The Building
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Year Built:1925
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New Construction:No
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Building Area Total:5144.00
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Total Number Of Units:8
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# of Buildings:5
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Roof:Tar/Gravel
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Foundation:Raised
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# of Separate Gas Meters:8
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# of Separate Electric Meters:8
Interior
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Levels:Two
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Laundry:None
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Laundry:1
Financial & Terms
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Disclosures:LA/Owner Related
Location
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Directions:Addison Way west of Eagle Rock Blvd. Four blocks from Colorado Blvd.
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Latitude:34.13468600
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Longitude:-118.21647000
The Property
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Property Type:Residential Income
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Zoning:LARD1.5
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Lot Size Area:12589.0000
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Lot Size Acres:0.2890
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Lot Size SqFt:12589.00
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Lot Size Source:Estimated
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Security Features:Smoke Detector(s)
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5685005015
Appliances
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Included:Yes
The Community
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Garage
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Parking Spaces:6.00
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Uncovered Spaces:6.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/8/24
Jul 8, 2024
|
Price Changed | CRMLS_CA | $1,995,000 | -5.0% |
|
5/12/24
May 12, 2024
|
Listed / Active | CRMLS_CA | $2,100,000 |
