2221 Addison Way Los Angeles, CA ^$ 2,100,000

2221 Addison Way

^$ 2,100,000

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Recently Listed

2221 Addison Way

Los Angeles, CA, 90041

^$ 2,100,000

Bedrooms8 Baths8.0 Sq 5,144

Monthly Estimate*

^$ 13,957

Listed by Aegis Management, Inc.

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Multi-Family Home for sale in Los Angeles, CA

for $2,100,000 with 8 bedrooms and 8 full baths. This 5,144 square foot home was built in 1925 on a lot size of 0.289.

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.

Multi-Family Active

Price

^$ 2,100,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.289

Year Built

1925

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24390355

Days on Market

Features

General

Roof TarGravel

Zoning LARD1.5

Pool Features None

Security Features SmokeDetectors

Year Built 1925

Tenant Pays Electricity Gas

Stories 2

Levels Two

Gross Income 144807.0

County Los Angeles

Net Operating Income 72578.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Addison Way west of Eagle Rock Blvd. Four blocks from Colorado Blvd.

City Los Angeles

Disclosures FamilialRelation

View Y/N N

Senior Community Y/N N

Open Parking Spaces 6.0

Total Units 8

MLS Area 618 - Eagle Rock

Lot Size Square Feet 12589.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 8

Street Name Addison

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 11

Standard Status Active

Cap Rate 3.46

Exterior

Parking Features Garage

Total Parking 6.0

Lot Size Area 12589.0

Foundation Details Raised

Number of Buildings 5

Spa N

Building Area Total 5144.0

Lot Size Acres 0.289

Lot Size Units SquareFeet

Lot Size Source Estimated

Number of Separate Gas Meters 8

Number of Separate Electric Meters 8

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 0

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Way

Laundry Features None

Total Bedrooms 8

Electric On Property Y/N N

Total Baths 8

Internal Only

Street Number 1 2221

* Excluded Features

List By

Aegis Management, Inc.

Broker

(949) 636-0365

Phone

Affordability Calculator

$13,957

Per Month

Monthly Principal & Interest: $13,957
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,977,410

Percent of Sale Price 6%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/13/2024	$2,100,000		Listed Price

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2221 Addison Way, Los Angeles, CA, 90041 is a Multi-Family Home for sale at $2,100,000 with 5,144 sqft and a lot size of 0.289. 2221 Addison Way has 8 bedrooms, 8.0 baths, and was built in 1925. The property's zip code is 90041 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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2221 Addison Way

Multi-Family Home for sale in Los Angeles, CA

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