$10,000 Closing Credit¹
Brad Keyes, Listing Office: Keyes Real Estate
#24390355·
Listing Office: Aegis Management, Inc.·
Listing Agent: Gabriel Rudner·
Listing Office Phone: 310-425-9578
$10,000
closing credit¹
2221 Addison Way Los Angeles, CA 90041
$1,995,000 List price
$10,000
Closing credit¹
8 beds
8 baths
5,144 sqft
0.3 acres
$388 / sqft
House
Property details
About 2221 Addison Way
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.
Highlights
Home typeOther
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
Size5,144 sqft
Lot size0.289 Acres
Year built1925
ParkingGarage
MLS #24390355
Summary
- MLS Number: 24390355
- MLS Name: CRMLS
- Office Name: Aegis Management, Inc.
- Office Phone: (310) 425-9578
- Listing Agent: Gabriel Rudner
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/22/2025, 11:55:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,995,000
2221 Addison Way
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 02, 2000 | Home Sold | $400,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2021 | $556,822 | $7,769 |
| 2020 | $551,114 | $7,564 |
| 2019 | $540,308 | $7,322 |
| 2018 | $529,714 | $7,133 |
| 2017 | $519,328 | $7,133 |
History based on county public records data.
Nearby schools
7
Eagle Rock Elementary & Magnet Center
Public District KG-6
0.2 mi
•2057 Fair Park Ave
8
Delevan Drive Elementary
Public District KG-6
0.8 mi
•4168 W Avenue 42
5
Toland Way Elementary
Public District KG-6
0.9 mi
•4545 Toland Way
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $65,323. Most Los Angeles, CA residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
28%
<35k
43%
35k-100k
27%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
42%
Single, No Kids
12%
Single, with Kids
24%
Married, No Kids
22%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
4%
12-17 yrs old
65%
18-34 yrs old
19%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Hiking/backpacking
Live Theatre
Where do the neighbors shop?
IKEA
Bloomingdales
Banana Republic
Where do the neighbors go to eat?
Quiznos
Starbucks
Boston Market
What do the neighbors drive?
Lexus
Audi
Mercedes
What do the neighbors listen to?
Soft Adult Contemporary- Alternative
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2221 Addison Way
This home is located at 2221 Addison Way in Los Angeles, CA and zip code 90041 in the Northeast LA neighborhood. This 5,144 square foot home, which was built in 1925, sits on a 0.29 acre lot. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since May 18, 2024 and is currently priced at $1,995,000.
In December 2024, from all listings sold in Los Angeles, CA there were more than 524 sold above asking price, over 740 sold below and more than 203 were sold right at the asked price. Between November and December 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 5.3%. The median list price of listings available in December 2024 was $1,026,634, while the average time on the real estate market was 41 days.
From Rocket Homes Real Estate and based on county public records data.