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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4BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
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4,354SQFT
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$425$/SQFT
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.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-12T07:42:13.553. 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.