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    2244 Addison Way

    Los Angeles, CA 90041
    • $1,849,000
    • STATUS: Active Under Contract
    • ON SITE: 21 days
    • ID#: 21-710526
    Under Contract
    UPDATED: 54 min ago
    $1,849,000
    • 4
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,354
      SQFT
    • $425
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:
    Area:

    School Ratings & Info

    Description

    2244 Addison Way is an 8 unit apartment building nestled in a quiet, residential area near a popular, newly revitalized shopping center on Eagle Rock Blvd. 4.53% CAP on current rents! The property consists of 4 studios and 4 one-bedroom apartments. The studio units were built separately in 1990 and thus are not subject to the City of LA rent control (RSO). Multiple units have been updated in the last 10 years and feature laminate flooring, granite countertops, minisplit air conditioning, and more. The property is 100% occupied and the average rent is $1,355/month. Great opportunity in a location that rarely sees properties trade. 100% Copper plumbing, laundry room, 8 parking spaces. No soft story retrofitting! Contact agent for complete rent roll and financial analysis.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-16T12:42:49.873. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/115443854
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    2244 Addison Way Los Angeles, CA 90041

    • Price: $1,849,000
    • Status: Active Under Contract
    • Updated: 54 min ago
    • ID#: 21-710526
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    4,354
    SQFT
    $425
    $/SQFT
    1966
    Built
    Neighborhood:
    Eagle Rock
    County:
    Los Angeles
    Area:
    Eagle Rock
    Property Description
    2244 Addison Way is an 8 unit apartment building nestled in a quiet, residential area near a popular, newly revitalized shopping center on Eagle Rock Blvd. 4.53% CAP on current rents! The property consists of 4 studios and 4 one-bedroom apartments. The studio units were built separately in 1990 and thus are not subject to the City of LA rent control (RSO). Multiple units have been updated in the last 10 years and feature laminate flooring, granite countertops, minisplit air conditioning, and more. The property is 100% occupied and the average rent is $1,355/month. Great opportunity in a location that rarely sees properties trade. 100% Copper plumbing, laundry room, 8 parking spaces. No soft story retrofitting! Contact agent for complete rent roll and financial analysis.
    Exterior Features

    Direction Faces North Exterior Construction Stucco Lot Size Area 6603 Other Structures None Parking Garage Carport Patio Features None Pool Description None Pool YN No Roof Composition Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 8 View Description None View YN No Water Frontage None

    Interior Features

    Baths Total 8.00 Cooking Appliances Oven-Gas Cooling Wall/WindowAir Conditioning Equipment Range/OvenGarbage Disposal Fireplace Rooms None Flooring LaminateTile Heating Wall Gas Laundry Laundry Area Laundry Equipment Lease Windows Screens

    Property Features

    Alley YN No Gross Income 131256 Gross Operating Income 131256 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Monthly Gross Income 10938.00 Net Operating Income 87784.00 Number Of Buildings 2 Number Of Units 8 Owner Pays WaterGardenerOther Rent Control YN Yes Sale Type Standard Security Features Carbon Monoxide Detector(S)Smoke Detector Source Living Area Assessor Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 43472 Type Of Units Apartments Water Public Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Dana Coronado DRE#01746702 of Keller Williams Realty Encino-Sherman Oa.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-16T12:42:49.873. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377