12-Bedroom ResidentialIncome — 2233 Addison Way, Los Angeles, CA

About this property

We are proud to present an exceptional investment opportunity in Prime Eagle Rock: A rare mid-century 7-unit apartment building with one unit delivered vacant, situated on approximately 8,426 square feet of land in the highly sought-after Eagle Rock neighborhood, nestled on a quiet and quaint residential street. Offered for sale for the first time in approximately 24years, the property presents compelling value-add and development upside, including the potential to add multiple detached ADUs at the rear of the lot by utilizing SB 1211. Constructed in 1966, the property totals approximately 5,112 square feet and features an excellent unit mix consisting of three (2-bedroom /1.5-bath) units, three (1-bedroom / 1-bath) units, and one (3-bedroom / 2-bath) unit, "owners unit". The property is zoned RD1.5-1 and designated Tier 3 TOC. Ideally located in the heart of Eagle Rock, the property boasts a Walk Score of 90 ("Walker's Paradise"), allowing residents to complete daily errands without a car, and is within close proximity to Occidental College, Sprouts Farmers Market, and popular neighborhood destinations such as Creature's Plants and Coffee, Starbucks, Capri Club, Little Beast, Cindy's, and CaCao.**Disclosure:** Buyers are advised to conduct thorough due diligence, including verification of building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility of constructing ADUs, additional units, and/or development feasibly.**DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY **

Property details

Location

2233 Addison Way • Los Angeles, CA 90041

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Listed by

Eric Dilanian · Remax Commercial and Investment Realty