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Image 1 - 2221 Addison Way, Los Angeles, California, 90041 - House for sale
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Home For Sale In Los Angeles, California
2221 Addison Way, Los Angeles, California, 90041

Home For Sale In Los Angeles, California

house for sale
Listed: 05/17/24

2221 Addison Way, Los Angeles, California, 90041

8 Bed:
8 Bath:
5,144 Sq Ft Living Area:
Save
Price
$ 2,1M

About This House

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 1 car Garages with additional parking spaces in the driveways. 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 .

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Eagle Rock Housing & Living

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.