2221 Addison Way, Los Angeles, CA 90041

About this property

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.

Listing description from the May 2025 sale, as reported to CRMLS.

Sale history

$1,830,000

Sold May 2025 · listed $1,995,000, orig. $2,100,000, on market May 2024 · MLS #24390355 · Source: CRMLS

Listing Agent: Gabriel Rudner · Listing Office: Aegis Management, Inc. · Contact: 310-425-9578 · Bought with: Marcus McInerney · Reservoir Partners

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