NOT LISTED FOR SALE

2216 2220 Addison Way Eagle Rock, CA 90041

Eagle Rock Neighborhood

Estimated Value: $1,310,000 - $1,921,000

5 Beds
4 Baths
3,028 Sq Ft
$539/Sq Ft Est. Value

Last Sold August 13, 2015

Last sale price $909,000 $300 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $9,862/month

8 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • Wood Siding
  • Eagle Rock Elementary School Rated A-
  • Laundry Room
  • Gravity Heating System

About This Home

As of August 2015

Awesome investment opportunity in one of L.A.'s most sought after neighborhoods. These Spanish bungalows / Craftsman Home is made up; of (3)1 bedroom 1 bath units, 2 bedroom 1 bath Craftsman rear Home and 3 garages with alley access. The units have hardwood flooring, carpet and tile with laundry hookups, window A/C Units and have been well maintained throughout the last 12 years of current ownership. Location is prime to all Eagle rock has to offer. Perfect owner user property.

Last Agent to Sell the Property

Chris Almada

Endeavor Realty License #01274153 Listed on: 07/07/2015

Last Buyer's Agent

Jacki Asplund

COMPASS License #01269575

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,588

Year Built

  • Built in 1920

Lot Details

  • 6,603 Sq Ft Lot
  • Property fronts an alley

Parking

  • 3 Car Garage
  • 1 Carport Space
  • Parking Available
  • Three Garage Doors
  • On-Street Parking

Home Design

  • Craftsman Architecture
  • Spanish Architecture
  • Flat Roof Shape
  • Raised Foundation
  • Frame Construction
  • Wood Siding
  • Stucco

Kitchen

  • Range
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Gravity Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5685012013

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Maintenance Expense $1,872
  • Water Sewer Expense $2,400
  • New Taxes Expense $9,588
  • Operating Expense $16,871
  • Gross Income $62,400
  • Net Operating Income $44,281

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,588

Year Built

Built in 1920

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.54
  • Inclusions: Stoves and window A/C units
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: LARD1.5
  • Architectural Style: Craftsman, Spanish
  • Property Type: Residential Income
  • Parcel Number: 5685012013
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Entry Location: Ground Level With Steps, Living Room
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 263.87

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Frame, Wood Siding, Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport, Street, Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Gas Water Heater, Range, Disposal
  • Heating Type: Gravity
  • Laundry Features: Common Area, Gas Dryer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6603.00
  • Lot Size Acres: 0.1516

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Average2 Bed Area: 930 Square Feet
  • Gross Income: 62400.00
  • Gross Multiplier: 12.80
  • Gross Operating Income: 44281.00
  • Gross Scheduled Income: 62400.00
  • Lot Size Area: 6603.0000 Square Feet
  • Maintenance Expense: 1872.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 44281.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Operating Expense: 16871.00
  • Operating Expense Percent: 27.00
  • Total Actual Rent: 5200.00
  • Total Expenses: 16871.00
  • Vacancy Allowance: 2

Tax Info

  • New Taxes Expense: 9588.00
  • Tax Rate: 1.20
  • Tax Annual Amount: 9588.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2015
Closed on
Aug 7, 2015
Sold by
Billotti William John
Bought by
Kao Sandy Y and Pohle Sven
Seller's Agent
Chris Almada
Endeavor Realty
Buyer's Agent
Jacki Asplund
COMPASS
List Price
$909,000
Sold Price
$909,000
Current Estimated Value
$1,601,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$692,376
Avg. Annual Appreciation
6.02%
Original Mortgage
$681,750
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2002
Sold by
Bartrem Donald
Bought by
Billotti William John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,600
Interest Rate
6.05%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kao Sandy Y $909,000 First American Title Company
Billotti William John $392,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kao Sandy Y $594,760
Closed Kao Sandy Y $600,000
Closed Kao Sandy Y $681,750
Previous Owner Billotti William John $200,000
Previous Owner Billotti William John $100,000
Previous Owner Billotti William John $383,000
Previous Owner Billotti William John $313,600
Closed Billotti William John $58,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2015 08/13/15 Sold $909,000 0.0% $300 / Sq Ft
07/15/2015 07/15/15 Pending -- -- --
07/07/2015 07/07/15 For Sale $909,000 -- $300 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,138 $1,076,065 $745,789 $330,276
2024 $13,138 $1,054,966 $731,166 $323,800
2023 $12,886 $1,034,281 $716,830 $317,451
2022 $12,292 $1,014,002 $702,775 $311,227
2021 $12,134 $994,121 $688,996 $305,125
2020 $12,255 $983,929 $681,932 $301,997
2019 $11,774 $964,637 $668,561 $296,076
2018 $11,661 $945,723 $655,452 $290,271
2016 $11,135 $909,000 $630,000 $279,000
2015 $5,932 $472,385 $344,652 $127,733
2014 $5,975 $463,132 $337,901 $125,231
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2015

    Chris Almada

    Endeavor Realty

    (626) 255-4266

    Section Image
  • Jacki Asplund

    Buyer's Agent in 2015

    Jacki Asplund

    COMPASS

    (818) 640-5237

    9 Total Sales

    Section Image

  • J

    Buyer's Agent in 2015

    Jacqueline Asplund

    Redfin Corporation

    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-315006789

Pasadena-Foothills Association of REALTORS®

APN: 5685-012-013

California Los Angeles County Eagle Rock 90041 Eagle Rock

2216 2220 Addison Way, Eagle Rock, CA

This home is located at 2216 2220 Addison Way, Eagle Rock, CA 90041 since 07 July 2015 and is currently estimated at $1,631,271, approximately $538 per square foot. This property was built in 1920. 2216 2220 Addison Way is a home located in Los Angeles County with nearby schools including Eagle Rock Elementary School, Eagle Rock High School, and St. Dominic Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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