2221 Addison Way
Los Angeles, CA, 90041
$1,995,000
Beds
0 Baths
SqFt
0.29 Acres
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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.

Property Details

Price:
$1,995,000
MLS #:
24390355
Status:
Active Under Contract
Baths:
0
Address:
2221 Addison Way
Type:
Residential Income
Neighborhood:
618eaglerock
City:
Los Angeles
Listed Date:
May 9, 2024
State:
CA
ZIP:
90041
Lot Size:
12,589 sqft / 0.29 acres (approx)
Year Built:
1925
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Exterior

Foundation Details
Raised
Parking Features
Garage
Parking Spots
6.00
Pool Features
None
Roof
Tar/ Gravel
Security Features
Smoke Detector(s)

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Tenant Pays
Gas, Electricity

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2221 Addison Way
Los Angeles, CA