2233 Addison Way

Los Angeles, CA 90041

$1,450,000
Price
12
Beds
9.5
Baths
5,112 Sq. Ft.
$284 / Sq. Ft.
5,112
Sq. Ft.
$284
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Pending
Pending

Description

We are proud to present an exceptional investment opportunity in Prime Eagle Rock: A rare mid-century 7-unit apartment building with one unit delivered vacant, situated on approximately 8,426 square feet of land in the highly sought-after Eagle Rock neighborhood, nestled on a quiet and quaint residential street. Offered for sale for the first time in approximately 24years, the property presents compelling value-add and development upside, including the potential to add multiple detached ADUs at the...We are proud to present an exceptional investment opportunity in Prime Eagle Rock: A rare mid-century 7-unit apartment building with one unit delivered vacant, situated on approximately 8,426 square feet of land in the highly sought-after Eagle Rock neighborhood, nestled on a quiet and quaint residential street. Offered for sale for the first time in approximately 24years, the property presents compelling value-add and development upside, including the potential to add multiple detached ADUs at the rear of the lot by utilizing SB 1211. Constructed in 1966, the property totals approximately 5,112 square feet and features an excellent unit mix consisting of three (2-bedroom /1.5-bath) units, three (1-bedroom / 1-bath) units, and one (3-bedroom / 2-bath) unit, "owners unit". The property is zoned RD1.5-1 and designated Tier 3 TOC. Ideally located in the heart of Eagle Rock, the property boasts a Walk Score of 90 ("Walker's Paradise"), allowing residents to complete daily errands without a car, and is within close proximity to Occidental College, Sprouts Farmers Market, and popular neighborhood destinations such as Creature's Plants and Coffee, Starbucks, Capri Club, Little Beast, Cindy's, and CaCao. Disclosure: Buyers are advised to conduct thorough due diligence, including verification of building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility of constructing ADUs, additional units, and/or development feasibly. Do not disturb tenants or walk on property - drive by only
  1. Listed by Eric Dilanian • DRE #01951699 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 2233 Addison Way

Zoning
LARD1.5
Parcel Number
5685005016
Total Units
7.0
Living Area
5112
Source Living Area
Assessor
Area
Eagle Rock (618)
Vacancy Rate
1
Lot Size Area
8429
LISTING UPDATED: 04/01/2026 03:51 PM

Property Details for 2233 Addison Way

StatusPending
MLS #26660527
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1966
Lot Size0.19 AC / 8,429 SF
CountyLos Angeles County
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Location

Listing Courtesy of Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699
Add your commute

Building Information for 2233 Addison Way

Stories-Residences-Year Built1966Building Size-Lot Size0.19 AC / 8,429 SF

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$7,302 per month

30 year fixed, 6.46% Interest

Principal and Interest

$7,302

Property Taxes

$0

HOA Dues

$0

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Property Information for 2233 Addison Way

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $137,564
  • Net Operating Income: $85,641.00
  • Gross Income: $137,564
  • Cap Rate: 5.91%
  • Gross Rent Multiplier: $10.54
  • Total Annual Expense: 51923
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1935
  • Lot Size Square Feet: 8429
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 9
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall Unit(s)
  • Cooling Type: Wall Unit(s)
  • Heating: Wall
  • Heating Type: Wall
  • Equipment: Other
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-05-2026
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,156.00
  • Unit Actual Rent: $4,667.00
  • Unit Projected Rent: $8,850.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,538.00
  • Unit Actual Rent: $4,614.00
  • Unit Projected Rent: $6,300.00
  • Like Units: 3
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,082.00
  • Unit Actual Rent: $2,082.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $384,090.00
  • Assessed Improvement Percent: 49.06
  • Assessed Land Value: $398,861.00
  • Assessed Land Percent: 50.94
  • Assessed Total Value: $782,951.00

Property History for 2233 Addison Way

DateEvent & SourcePriceAppreciation
Apr 1, 2026

Pending

CRMLS #26660527

—
Apr 1, 2026

Pending

CLAW #26660527

—
Mar 5, 2026

Listed (Active)

CRMLS #26660527

$1,450,000—
Mar 5, 2026

Listed (Active)

CLAW #26660527

$1,450,000—
Apr 4, 2022

Expired

CRMLS #1212946

$525,000—
Apr 2, 2022

Expired

CRMLS #1214850

$525,000—
Apr 9, 2002

Sold

CLAW #W213710MR

$530,000—
Apr 9, 2002

Sold

CRMLS #W213710

$530,000—
Feb 25, 2002

Expired

CRMLS #1214850

$525,000—
Feb 17, 2002

Expired

CLAW #G214850MR

—
Feb 17, 2002

Expired

CLAW #1214850IT

$525,000—
Feb 17, 2002

Expired

CRMLS #G214850

$525,000—
Feb 17, 2002

Expired

CLAW #1214850MR

$525,000—
Jan 25, 2002

Pending

CLAW #W213710MR

—
Jan 25, 2002

Pending

CRMLS #W213710

—
Jan 4, 2002

Listed (Active)

CLAW #W213710MR

$558,000—
Jan 4, 2002

Listed (Active)

CRMLS #W213710

$558,000—
Dec 14, 2001

Expired

CRMLS #1212946

$525,000—
Dec 14, 2001

Expired

CRMLS #G212946

$525,000—
Dec 14, 2001

Expired

CLAW #G212946MR

—
Dec 14, 2001

Expired

CLAW #1212946IT

$525,000—
Dec 14, 2001

Sold

CRMLS #1212946

—
Nov 17, 2001

Listed (Active)

CRMLS #G214850

$525,000—
Nov 17, 2001

Listed (Active)

CLAW #G214850MR

$525,000—
Nov 17, 2001

Listed (Active)

CRMLS #1214850

$525,000—
Nov 17, 2001

Listed (Active)

CRMLS #CC280926

$525,000—
Nov 17, 2001

Listed (Active)

CLAW #1214850MR

$525,000—
Nov 17, 2001

Listed (Active)

CRMLS #1214850

$525,000—
Nov 17, 2001

Listed (Active)

CLAW #1214850IT

$525,000—
Aug 14, 2001

Listed (Active)

CLAW #1212946IT

$525,000—
Aug 14, 2001

Listed (Active)

CRMLS #CC280927

$525,000—
Aug 14, 2001

Listed (Active)

CRMLS #1212946

$525,000—
Aug 14, 2001

Listed (Active)

CLAW #G212946MR

$525,000—
Aug 14, 2001

Listed (Active)

CRMLS #1212946

$525,000—
Aug 14, 2001

Listed (Active)

CRMLS #G212946

$525,000—
Jul 24, 2001

Expired

CLAW #A208910MR

—
Jul 24, 2001

Expired

CRMLS #A208910

$470,000—
Apr 23, 2001

Listed (Active)

CLAW #A208910MR

$470,000—
Apr 23, 2001

Listed (Active)

CRMLS #A208910

$470,000—
DateEvent & SourcePrice
04/01/2026

Pending

CRMLS #26660527

—
04/01/2026

Pending

CLAW #26660527

—
03/05/2026

Listed (Active)

CRMLS #26660527

$1,450,000
03/05/2026

Listed (Active)

CLAW #26660527

$1,450,000
04/04/2022

Expired

CRMLS #1212946

$525,000
04/02/2022

Expired

CRMLS #1214850

$525,000
04/09/2002

Sold

CLAW #W213710MR

$530,000
04/09/2002

Sold

CRMLS #W213710

$530,000
02/25/2002

Expired

CRMLS #1214850

$525,000
02/17/2002

Expired

CLAW #G214850MR

—
02/17/2002

Expired

CLAW #1214850IT

$525,000
02/17/2002

Expired

CRMLS #G214850

$525,000
02/17/2002

Expired

CLAW #1214850MR

$525,000
01/25/2002

Pending

CLAW #W213710MR

—
01/25/2002

Pending

CRMLS #W213710

—
01/04/2002

Listed (Active)

CLAW #W213710MR

$558,000
01/04/2002

Listed (Active)

CRMLS #W213710

$558,000
12/14/2001

Expired

CRMLS #1212946

$525,000
12/14/2001

Expired

CRMLS #G212946

$525,000
12/14/2001

Expired

CLAW #G212946MR

—
12/14/2001

Expired

CLAW #1212946IT

$525,000
12/14/2001

Sold

CRMLS #1212946

—
11/17/2001

Listed (Active)

CRMLS #G214850

$525,000
11/17/2001

Listed (Active)

CLAW #G214850MR

$525,000
11/17/2001

Listed (Active)

CRMLS #1214850

$525,000
11/17/2001

Listed (Active)

CRMLS #CC280926

$525,000
11/17/2001

Listed (Active)

CLAW #1214850MR

$525,000
11/17/2001

Listed (Active)

CRMLS #1214850

$525,000
11/17/2001

Listed (Active)

CLAW #1214850IT

$525,000
08/14/2001

Listed (Active)

CLAW #1212946IT

$525,000
08/14/2001

Listed (Active)

CRMLS #CC280927

$525,000
08/14/2001

Listed (Active)

CRMLS #1212946

$525,000
08/14/2001

Listed (Active)

CLAW #G212946MR

$525,000
08/14/2001

Listed (Active)

CRMLS #1212946

$525,000
08/14/2001

Listed (Active)

CRMLS #G212946

$525,000
07/24/2001

Expired

CLAW #A208910MR

—
07/24/2001

Expired

CRMLS #A208910

$470,000
04/23/2001

Listed (Active)

CLAW #A208910MR

$470,000
04/23/2001

Listed (Active)

CRMLS #A208910

$470,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2233 Addison Way

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Eagle Rock Elementary and Magnet Center
Public - K to 6
Eagle Rock High School
Public - 7 to 12
California Creative Learning Academy
Charter - K to 5
Highland Park Continuation School
Public - 9 to 12
Rating
School
Distance
Eagle Rock Elementary and Magnet Center
PublicK to 6

Eagle Rock High School
Public7 to 12

California Creative Learning Academy
CharterK to 5

Highland Park Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Remax Commercial and Investment Realty, Eric Dilanian, DRE #01951699

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.