2221 Addison Way
Los Angeles, CA 90041
5144 sqft | 8 beds | 0.29 acres | #24390355
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.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$2,100,000
- MLS #24390355
- MLS #24390355
- Cost1995000
- FoundationRaised
- Acres0.289
- Square Feet5144
- Year Built1925
- Bedrooms8
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Gabriel Rudner (#CLW-C136965)
Listing Office: Aegis Management, Inc. (#CLW-X82220)
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