2221 Addison Way, Los Angeles, CA 90041
Sale Price: $1,830,000
May 9, 20245,144 sqft8 beds8 baths
Listed by: Gabriel Rudner
License #: 02054447
Phone #: 949-636-0365
Aegis Management, Inc.
Source:
MLS #: 24390355
Property Description
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.
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$28,365
TurboHome Estimated Value
$1,943,000
$378 sqft
High Valuation
$2,040,150
$397/sqft
Normal Valuation
$1,943,000
$378/sqft
Low Valuation
$1,845,850
$359/sqft
3rd Party Estimates
| Source | $/sqft | Valuation |
|---|---|---|
| HouseCanary | $378/sqft | $1,943,000 |
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Neighborhood: Eagle Rock
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Comparative Value
$1.70M
$1.83M
$2.00M
330 Langley St, Glendale, CA 91205
Sale Price: $1,700,000
Selected Comparable
2221 Addison Way, Los Angeles, CA 90041
Sale Price: $1,830,000
Selected Comparable
2221 Addison Way, Los Angeles, CA 90041
List Price: $1,995,000
Subject Property
Neighborhood Comps
Subject Property
SUBJECT2221 Addison Way, Los Angeles, CA 90041
List: $1,995,000
Listed: 5/9/2024
Area:5,144 sqft
Price/sqft:$388
Beds:8
Baths:8
Year Built:—
Lot Size:12,589
Comparable Properties
COMPARABLEChoose comps
2221 Addison Way, Los Angeles, CA 90041
Sale: $1,830,000
5/1/2025 • 0.00 mi
Area:5,144 sqft
Price/sqft:$356
Beds:8
Baths:8
Year Built:—
Weight:54.1%
330 Langley St, Glendale, CA 91205
Sale: $1,700,000
10/22/2024 • 1.04 mi
Area:5,143 sqft
Price/sqft:$331
Beds:8
Baths:8
Year Built:—
Weight:45.9%
Subject Property
SUBJECT| Image | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2221 Addison Way, Los Angeles, CA 90041 | $1,995,000 | 5,144 | $388 | 12,589 | — | 5/9/2024 | 8 | 8 | — | — |
Comparable Properties
COMPARABLEChoose comps
| Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2221 Addison Way, Los Angeles, CA 90041 | $1,830,000 | 5,144 | $356 | 12,589 | 0.00 mi | 5/1/2025 | 8 | 8 | — | 54.1% |
| 330 Langley St, Glendale, CA 91205 | $1,700,000 | 5,143 | $331 | 8,863 | 1.04 mi | 10/22/2024 | 8 | 8 | — | 45.9% |
Nearby Listings
3 similar properties within 5 miles
List Price: $1,995,000
4530 Kingswell Ave, Los Angeles, CA 90027
7 bd 7 ba 2,199 sqft
TurboHome Est. Value:
$1,953,500
List Price: $1,690,000
1030 Echo Park Ave, Los Angeles, CA 90026
8 bd 7 ba 2,924 sqft
TurboHome Est. Value:
$1,542,200
List Price: $2,050,000
1145 N Hoover St, Los Angeles, CA 90029
9 bd 7 ba 5,048 sqft
TurboHome Est. Value:
$2,002,200
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