NOT LISTED FOR SALE

2244 Addison Way Los Angeles, CA 90041

Eagle Rock Neighborhood
4 Beds
8 Baths
4,354 Sq Ft
6,603 Sq Ft Lot

Last Sold May 13, 2021

Last sale price $1,850,000 $425 Per Sq Ft

12 Days on Market

Highlights

  • Laundry Room
  • Tile Flooring
  • North Facing Home
  • Eagle Rock Elementary School Rated A-

About This Home

As of May 2021

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.

Last Agent to Sell the Property

Dana Coronado

Compass License #01746702 Listed on: 03/24/2021

Compass

Last Buyer's Agent

Dana Coronado

Compass License #01746702 Listed on: 03/24/2021

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 6,603 Sq Ft Lot
  • North Facing Home

Home Design

  • Composition Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 4,354 Sq Ft Home
  • 2-Story Property
  • Window Screens

Kitchen

  • Gas Oven
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • Carport

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, gardener
  • Assessor Parcel Number 5685-012-018

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • Rent Control
  • Vacancy Allowance $3,938

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: 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.
  • Alley: No
  • Living Area: 4354
  • Lot Acreage: 0.1516
  • Price Per Unit: 231125.00
  • Probate: No
  • Stories: 2
  • Year Built: 1966
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Tile
  • Appliances: Oven-Gas
  • Bedrooms: 4
  • Laundry: Laundry Area
  • Laundry Equipment: Lease
  • Total Bathrooms: 8.00
  • Equipment: Range/Oven, Garbage Disposal
  • Price Per S Q F T: 424.67
  • Windows: Screens

Exterior Features

  • Direction Faces: North
  • Construction: Stucco
  • Other Features: Full Copper Plumbing
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Composition
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 8

Utilities

  • Cooling: Wall/Window, Air Conditioning
  • Heating: Wall Gas
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessor Parcel Number: 5685-012-018
  • Lot Size Area: 6603

Rental Info

  • Number Leased: 8
  • Total Actual Rent: 131256.00
  • Monthly Gross Income: 10938.00
  • Owner Pays: Water, Gardener
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 14.09
  • Number Of Units: 8
  • Total Annual Expense: 43472
  • Type Of Units: Apartments
  • Vacancy Allow: 3938
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 0

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2021 05/13/21 Sold $1,850,000 +0.1% $425 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $1,849,000 0.0% $425 / Sq Ft
01/28/2020 01/28/20 Rented $1,475 0.0% --
01/16/2020 01/16/20 For Rent $1,475 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dana Coronado

    Seller's Agent in 2021

    Dana Coronado

    Compass

    (310) 562-9630

    1 in this area

    36 Total Sales

    Section Image

  • N

    Buyer's Agent in 2020

    NONE SPECIFIED

See All Agents

Map

Source: The MLS

MLS Number: 21-710526

The MLS

California Los Angeles County Los Angeles 90041 Eagle Rock

2244 Addison Way, Los Angeles, CA

This home is located at 2244 Addison Way, Los Angeles, CA 90041 since 24 March 2021. This property was built in 1966. 2244 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.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
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