Los Angeles, CA 90041,2221 Addison Way
Los Angeles, CA 90041,2221 Addison Way
Los Angeles, CA 90041,2221 Addison Way
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$1,995,000
Est. payment /mo
8 Beds
8 Baths
5,144 SqFt
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UPDATED:

12/29/2024 06:13 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 5,144 sqft

Price per Sqft $387

MLS Listing ID 24-390355

Bedrooms 8

Year Built 1925

Lot Size 0.289 Acres

Acres 0.2902

Property 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 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.

Location

State CA

County Los Angeles

Area Eagle Rock

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall Gas

Cooling Window Unit(s)

Equipment Other

Laundry None

Exterior

Parking Features Garage

Garage Spaces 6.0

Pool None

Roof Type Tar and Gravel

Building

Foundation Raised

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Aegis Management, Inc.

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agent

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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