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2244 Addison Way, Los Angeles, CA 90041
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2244 Addison Way Los Angeles, CA 90041

$1,850,000 Sold Price as of 05/13/2021
  • 4 Beds
  • 8 Baths
  • 4,354 Sq.Ft.
Sold
$1,850,000 Sold Price as of 05/13/2021 Refinance Your Mortgage
Map preview of 2244 Addison Way, Los Angeles, CA 90041

Property Overview: 2244 Addison Way Los Angeles, CA has 4 bedrooms, 8 bathrooms, 4,354 living square feet and 6,603 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent 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.

Listed by Dana Coronado | BRE #01746702 | Keller Williams Realty Encino-Sherman Oa
Last checked: 13 minutes ago | Last updated: November 28th, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
6,603
HOA Dues
$0/mo
Year built
1966
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21710526
City
Los Angeles
County
Los Angeles
Time on Site
1193 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
  • # of Leased Units: 8
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,195
  • Total Rent: $1,195
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,119
  • Total Rent: $1,119
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,334
  • Total Rent: $1,334
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,475
  • Total Rent: $1,475
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $870
  • Total Rent: $870
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.09
  • Gross Scheduled Income: --
  • Net Operating Income: $87,784
  • Gross Operating Income: $131,256
  • Laundry Income: $100
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2244 Addison Way

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
Kitchen Information
  • Has Appliances
  • Disposal, Gas Oven
Interior Features
  • Window Features: Screens
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Carport
Property Information
  • No View
  • View: None
  • Total # of Units: 8
  • Parcel Number: 5685012018
Location / Neighborhood
Location Information
  • Directions: Off the 134 and 2 Freeways. South of Colorado Blvd and West of Eagle Rock Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 2244 Addison Way

Last sold for $1,850,000 on May 13th, 2021

  • May, 2021

  • May 13, 2021

    Date

    Sold

    CRMLS: 21710526

    $1,850,000

    Price

  • May 3, 2021

    Date

    Pending

    CRMLS: 21710526

    $1,849,000

    Price

  • Apr 6, 2021

    Date

    Active Under Contract

    CRMLS: 21710526

    $1,849,000

    Price

  • Mar 25, 2021

    Date

    Active

    CRMLS: 21710526

    $1,849,000

    Price

  • February, 2021

  • Feb 6, 2021

    Date

    Expired

    CRMLS: 20655958

    $1,695

    Price

  • Jan 25, 2021

    Date

    Withdrawn

    CRMLS: 20655958

    $1,695

    Price

  • Jan 11, 2021

    Date

    Price Change

    CRMLS: 20655958

    $1,695

    Price

  • Nov 7, 2020

    Date

    Active

    CRMLS: 20655958

    $1,795

    Price

  • Listing provided courtesy of CRMLS

    Inquire about Move In Specials - Nice Sized 1b1b - Excellent location - Nice modern kitchen! Laminate floor and tile through out. Nice natural light - New mini split A/C unit. Full bath has also undergone recent remodel. Great Eagle Rock Location - close to all the amenities of Eagle Rock Blvd x Colorado Blvd. Comes with 1 reserved off street parking space.12 month lease. Owner pays water and trash. Tenant pays gas and electric. Small pet ok with owner approval and $300 pet deposit. Deposit equal to one months rent on approved credit.

  • December, 2020

  • Dec 3, 2020

    Date

    Leased

    CRMLS: 20655914

    $1,395

    Price

  • Nov 6, 2020

    Date

    Active

    CRMLS: 20655914

    $1,395

    Price

  • Listing provided courtesy of CRMLS

    Inquire about move in special! Clean, Cozy, Renovated Studio - Excellent location - Nice modern kitchen! Laminate floor and tile through out. Nice natural light - New mini split A/C system. Full bath has also undergone recent remodel. Great Eagle Rock Location - close to all the amenities of Eagle Rock Blvd x Colorado Blvd. Comes with 1 reserved off street parking space.12 month lease. Owner pays water and trash. Tenant pays electric. Small pet ok with owner approval and $300 pet deposit. Deposit equal to one months rent on approved credit.

  • January, 2020

  • Jan 28, 2020

    Date

    Leased

    CRMLS: 20544576

    $1,475

    Price

  • Jan 17, 2020

    Date

    Active

    CRMLS: 20544576

    $1,475

    Price

  • Listing provided courtesy of CRMLS

    Available for immediate move in! Located in the heart of Eagle Rock, 2244 Addison Way is a spacious, bright & clean studio located in a charming 8-unit apartment building. The studio has a full kitchen and bathroom with stainless steel appliances in the kitchen and tile floors in the kitchen & bathroom. The living area has laminate wood floors & natural-looking wood cabinets in the kitchen. There is one designated parking space & a coin-operated laundry room. Water and trash are paid by the owner. The owner is willing to consider a small pet (under 25 pounds). Situated on a nice residential street, Addison Way sits in a fantastic location for residents and features a walk score of 85. Sprouts Market & CVS are less than 2 blocks away and Trader Joe's is nearby. Local coffee shops include Starbucks, It's Boba Time & Swork Coffee. Senor Fish, Chipotle, & Zweet Caf are nearby. 2244 Addison Way is close to Occidental College & Eagle Rock High School. The 2 & 134 freeways

  • July, 2001

  • Jul 19, 2001

    Date

    Sold (Public Records)

    Public Records

    $425,000

    Price

  • March, 2001

  • Mar 5, 2001

    Date

    Active

    CRMLS: CC280929

    --

    Price

  • Listing provided courtesy of CRMLS

    Excellent Investment. Well Maintained In Highly Desirable Eagle RockArea. All Occupied On Yearly Leases. 8 Parking Spaces And Laundry. No PoolAll Units W Seperate Meters And Ac Units. 4 Larghe Singles 4 Large 1 Brs..

  • June, 2000

  • Jun 27, 2000

    Date

    Active

    CRMLS: CC280928

    --

    Price

  • Listing provided courtesy of CRMLS

    Fabulous Investment Opportunity! Well Maintained Building . All OccupiEd On Yearly Leasesv Very Desireable Neighborhood Close To All ConvenienceSeperate Laundry, Seperate Meters, Ac Units. View At Www.Homenloan.Com.

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Tax History for 2244 Addison Way

Assessed Value (2020): $577,080
Year Land Value Improved Value Assessed Value
2020 $236,385 $340,695 $577,080

Home Value Compared to the Market

This property vs the competition

2244 Addison Way sold on May 13, 2021 for 63.63% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $424.67 per/sqft which puts the price per square foot 43.68% lower than the current median sale per square foot for the city of Los Angeles.

About 2244 Addison Way

Detailed summary of property

2244 Addison Way is a multi family that recently sold in Los Angeles, CA 90041. This multi family property offered 4 bedrooms, 8 bathrooms, roughly 4,354 living square feet, and sits on an approximately 6,603 square foot lot. 2244 Addison Way was first listed on ArdentRealEstateGroup.com on March 25, 2021. The homeowner sold the property for $1,850,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 63.63% higher than the current median priced home. Local homes that are currently for sale include 2618 Carleton Ave, 2751 Partridge Ave and 2642 Queen St. While the average home in Los Angeles, CA is selling in 99 days, 2244 Addison Way has a days on market of 11 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 2244 Addison Way Los Angeles, CA 90041 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2244 Addison Way

Public county record property details
Beds
4
Baths
8
Year built
1966
Sq. Ft.
4,354
Lot Size
6,603
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
54
APN
5685-012-018

The source for these homes facts are from public records.

90041 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,399,995
Median List Price/Sq.Ft.
$852
Median Sold Price
$1,332,000
Median Sold Price/Sq.Ft.
$968
Total Inventory
47
Median Sale to List Price %
121.09%
Avg Days on Market
10
Loan Type
Conventional (27.27%), FHA (0%), VA (0%), Cash (18.18%), Other (18.18%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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