Incredible investment opportunity to own a lovely 4-unit complex in the highly sought after area of NELA Know as Eagle Rock. The property boasts two spacious (2Bedroom, 1 Bath Units) and two (1Bedroom, 1 Bath units) and is delivered fully occupied. 3,232 SQFT of living area with a 6,501 SQFT Lot. Property has Four (4) covered car garages and a Storage/Laundry area. Low maintenance property with minimal landscaping, the roof was redone in 2014.
Huge upside potential for rent increase. Well positioned in a high-density residential area with high demand for rental properties, the property is conveniently near restaurants, taverns, shops, Trader Joes, Occidental College and Yosemite Recreation Center with easy access to Glendale, Burbank, Los Angeles and Pasadena.
Sold for $1,480,000 on 10/02/24
Listing Provided by:
Vahik Beglarian DRE #00941552 818-203-5471,
Coldwell Banker Hallmark,
Shahen Dergazarian DRE #01087355,
Coldwell Banker Hallmark
Bought with: Coldwell Banker Hallmark
$1,480,000
1980 Addison Way, Los Angeles, CA 90041
6beds
4baths
3,232sqft
Quadruplex
Built in 1929
-- sqft lot
$1,442,800 Zestimate®
$458/sqft
$4,492 Estimated rent
Home value
$1,442,800
$1.30M - $1.60M
$4,492/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 10, 2024 at 09:25am
Listing Provided by:
Vahik Beglarian DRE #00941552 818-203-5471,
Coldwell Banker Hallmark,
Shahen Dergazarian DRE #01087355,
Coldwell Banker Hallmark
Bought with:
Lida Avedissian, DRE #01953906
Coldwell Banker Hallmark
Source: CRMLS,MLS#: GD24169124
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Appliances
- Laundry: None
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,232
- Total interior livable area: 3,232 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: street
- Pool features: None
Lot
- Size: 6,501 sqft
- Features: Agricultural
Details
- Parcel number: 5685008027
- Zoning: LAR1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1929
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs
Location
- Region: Los Angeles
Other
Other facts
- Listing terms: Cash to New Loan,Owner Will Carry
Price history
| Date | Event | Price |
|---|---|---|
| 10/2/2024 | Sold | $1,480,000$458/sqft |
Source:  CRMLS #GD24169124 | ||
| 9/30/2024 | Pending sale | $1,480,000$458/sqft |
Source: CRMLS #GD24169124 | ||
| 9/18/2024 | Contingent | $1,480,000$458/sqft |
Source: CRMLS #GD24169124 | ||
| 8/19/2024 | Listed for sale | $1,480,000+20.6%$458/sqft |
Source: CRMLS #GD24169124 | ||
| 8/3/2018 | Sold | $1,227,500+104.6%$380/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,109 +9% | $1,480,000 +10.2% |
| 2024 | $16,609 +2% | $1,342,447 +2% |
| 2023 | $16,290 +4.9% | $1,316,125 +2% |
Find assessor info on the county website
Neighborhood: Eagle Rock
Nearby schools
GreatSchools rating
- 8/10Eagle Rock Elementary and Magnet CenterGrades: K-6Distance: 0.3 mi
- 7/10Eagle Rock High SchoolGrades: 7-12Distance: 0.3 mi
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Estimated market value
$1,442,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,442,800