$1,995,000
8 Bed
8 Bath
5,144 Sqft
12,589 Sqft Lot

2221 Addison Way, Los Angeles, California 90041

  • Residential Income Property Type
  • 5,144 Sqft Square Footage
  • 6 Cars Garage
  • 1925 Year Built
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.

Basic Details
Residential Income
For Sale
24390355
$1,995,000
8
8
0
5,144 Sqft
1925
12,589 Sqft
Active
Features
: No
: Smoke Detector(s)
: 6
: Garage
$0
: Tar/gravel
Address Map
California
Los Angeles
Los Angeles
90041
2221 Addison Way
0
W119° 47' 0.7''
N34° 8' 4.9''
Addison Way west of Eagle Rock Blvd. Four blocks from Colorado Blvd.
Additional Information
$0
5,144 Sqft
$0
3.46
127
$0
1
1
1
$0
5685005015
: Standard
0
$0
LARD1.5
FamilialRelation
Broker/Agent Information
Aegis Management, Inc.
CLW-X82220
Gabriel Rudner
CLW-C136965
contact@aegismgmtinc.com
Agent info
Ray Millman
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069