2221 Addison Way Los Angeles, CA 90041
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 TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site10 Days
- MLS StatusActive
- MLS ID Number24390355
- Home Size Source N/A
- Year Built1925
- Lot Size0.289 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Garage
- Parking Spaces 6
- Number of Stories 20
- Acreage 0.289
- Security Smoke Detector(s)
- Foundation Raised
- Zoning LARD1.5
- Listing Conditions Standard
Interior Features
- Laundry Features None
Exterior Features
- Roof Tar/ Gravel
- Pool Features None
Community Features
- Senior Community No
- MLS Area 618 - Eagle Rock
- Security Features Smoke Detector(s)