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
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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Schools
Interior
Exterior
Foundation Details
Raised
Parking Features
Garage
Parking Spots
6.00
Pool Features
None
Roof
Tar/ Gravel
Security Features
Smoke Detector(s)
Financial
Tenant Pays
Gas, Electricity
Map
Community
- Address2221 Addison Way Los Angeles CA
- Area618 – Eagle Rock
- CityLos Angeles
- CountyLos Angeles
- Zip Code90041
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Courtesy of Aegis Management, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2221 Addison Way
Los Angeles, CA
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