7 months on rocket

2221 Addison Way, Los Angeles, CA, 90041

$1,995,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
8 Baths
5,144 SqFt
$388/SqFt
House

Location

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2221 Addison Way, Los Angeles$1,995,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingGarage
Year Built1925
MLS #24390355
Lot Size0.29 Acres
StatusActive

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.

Property Details

Property Features

Property Information:

  • Year Built: 1925
  • Stories: 0
  • Living Area: 5,144 SqFt

Listing Office:

  • Office Name: Aegis Management, Inc.
  • Office Phone: (310) 425-9578
  • Listing Agent: Gabriel Rudner

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Garage

Lot Features

Lot Information:

  • Lot Size: 0.29 Acres

Other

Directions Information:

  • Directions: Addison Way west of Eagle Rock Blvd. Four blocks from Colorado Blvd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,995,000
  • Price Per SqFt: $388/SqFt

Tax Information:

  • Annual Amount: $7,769
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

2221 Addison Way vs Los Angeles

214 DAYS ON ROCKET

+176 Days

$1,995,000

+$973.4K More

$388/SqFt

-$252 Less

KEY TAKEAWAY

This property is $973.4K more than the Median Sold Price and $252/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24390355

Listing Office:

  • Office Name: Aegis Management, Inc.
  • Office Phone: (310) 425-9578
  • Listing Agent: Gabriel Rudner

IDX 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: 12/18/2024, 7:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 02, 2000Home Sold
$400,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,769$556,822
2020$7,564$551,114
2019$7,322$540,308
2018$7,134$529,714
2017$7,134$519,328

History based on county public records data.

Payment Calculator

$10K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,048

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4436605
7
/10

  • Eagle Rock Elementary & Magnet Center

  • 2057 Fair Park Ave

  • 0.22 miles

  • Public District Grades KG-6

school-card-donut-4436606
8
/10

  • Delevan Drive Elementary

  • 4168 W Avenue 42

  • 0.79 miles

  • Public District Grades KG-6

school-card-donut-4436607
5
/10

  • Toland Way Elementary

  • 4545 Toland Way

  • 0.93 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $65,323. Typical income of Los Angeles, CA residents is between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2221 Addison Way

What is the listing price of this property?

The listing price of 2221 Addison Way property is $1,995,000.

What type of property is this?

The property 2221 Addison Way is a house located in Los Angeles, California, 90041.

Is this property for sale now?

Active Listing: 2221 Addison Way is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $7,769 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on November 2, 2000 for $400,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2221 Addison Way has 8 bedrooms and 8 bathrooms.

What is the square footage of this property?

The property 2221 Addison Way is 5,144 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2221 Addison Way is 1925.

Rocket Homes›California›Los Angeles County›Los Angeles›90041›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 November 2024, from all listings sold in Los Angeles, CA there were more than 512 sold above asking price, over 657 sold below and more than 177 were sold right at the asked price. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. The median list price of listings available in November 2024 was $1,021,532, while the average time on the real estate market was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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