2221 Addison Way, Los Angeles, California 90041, Los Angeles, 90041 - 1 bed, 1 bath
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2221 Addison Way
Los Angeles, California 90041
ACTIVE
CONDITION: EXCELLENT
1Beds
1Baths
650Sq Ft
0Lot Size
Property Price
LIST PRICE$525,000
EST. MARKET VALUE
$513,750
SUMMARY
This Turnkey Bungalow represents a Strong Value Opportunity, listed at $525,000—positioned slightly above the $513,750 Fair Market Value. While priced at market, the property features a Condition Rating of 2, reflecting a comprehensive recent renovation including a new roof, electrical, and HVAC. Located in a prime Eagle Rock neighborhood, it offers access to the highly-rated Eagle Rock Elementary School. With its private wraparound yard and vintage charm, this residence is an ideal sanctuary for first-time buyers or owner-occupants seeking a move-in ready, low-maintenance lifestyle.
Estimated Market Value
$513,750
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2221 Addison Way Subject 1 bd · 1 ba · 650 sqft · $790 | $525,000* List Price | 1 | 1 | 650 | $790 | - |
A 2225 Addison Way Active 1 bd · 1 ba · 660 sqft · $750 · 0.0 mi | $495,000 List Price | 1 | 1 | 660 | $750 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1925, the property has undergone a comprehensive recent renovation including a new roof, new electrical wiring and subpanel, and a new HVAC mini-split system. The kitchen is updated with marble countertops and new appliances, meeting the criteria for a high-quality renovation under 5 years old.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Delevan Drive Elementary School (9/10).
- Modernized Vintage Charm
This 1925 bungalow perfectly balances original character, such as hardwood floors and built-in cabinetry, with essential modern upgrades including a new roof, updated electrical wiring, and an HVAC mini-split system.
- Exceptional Outdoor Living
The property features a rare, private wraparound yard with romantic landscaping, providing a significant extension of the living space for gardening, dining, and entertaining in a tranquil setting.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 650, other record living area = 5144. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 6.
- Compact Square Footage
At just 650 square feet with a single bedroom and bathroom, the interior living space is quite limited, which may not suit buyers requiring a home office or guest accommodations.
- Condominium Ownership Costs
Despite its detached bungalow appearance, the property is classified as a condominium, necessitating a monthly association fee of $358.01 that increases the overall cost of ownership.
About 2221 Addison Way
There's something a little dreamy about this Eagle Rock bungalow. With its original character, romantic landscaping, and private wraparound yard, this charming one-bedroom, one-bath residence feels like your own little escape from the everyday. Thoughtfully updated by Reservoir Partners, the home strikes that sweet spot between vintage charm and modern comfort, with inviting spaces that feel warm, whimsical, and distinctly California. Inside, the living room is full of personality, featuring original hardwood floors, a faux fireplace, and built-in cabinetry complete with an original secretary desk. The kitchen continues the charm with a vintage built-in dining nook, buffet cabinetry, and marble countertops, complemented by a new suite of appliances. Ample closet space adds a welcome dose of everyday functionality, making it easy to stay organized without sacrificing the home's vintage appeal. Outside, the private wraparound yard offers room to garden, entertain, dine al fresco, or simply enjoy a slow morning with coffee in your own little corner of Southern California. Romantic landscaping creates a relaxed, garden-like setting that extends the living space outdoors and makes everyday moments feel a little more special. Beyond its vintage appeal, the home offers the comforts of modern living, including an HVAC mini-split system, in-unit laundry, new electrical wiring and subpanel, and a new roof. These thoughtful upgrades bring everyday convenience and peace of mind while preserving the character that makes this residence so special. Set within a quiet bungalow community on a residential street in beautiful Eagle Rock, this home offers a peaceful neighborhood setting just moments from the best of Eagle Rock Boulevard. Sprouts, BeeWali's, local restaurants, coffee shops, and neighborhood favorites are all close by, making it easy to enjoy everything this beloved neighborhood has to offer. With its distinctive vintage details, inviting wraparound yard, thoughtful updates, and timeless Eagle Rock appeal, this is a home with a personality all its own.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1925
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $358.01 / Month
Neighborhood Insights
Los Angeles Unified Schools
Eagle Rock Elementary and Magnet Center
Grades K-6 • 0.3 mi
8/10
Delevan Drive Elementary School
Grades K-6 • 0.8 mi
9/10
Toland Way Elementary School
Grades K-6 • 1.0 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 650 | 1,252.996 |
| Lot Size | - | 26,029.603 |
| Price | $525.0K | $778.5K |
| Price per sq ft | $808 | $629 |
| Built year | 1925 | 1981 |
| HOA | $358.01 | $676 |
| Days on market | 25 | 74 |
Pricing History
Listed for Sale
Oct 15, 2026
$525,000
Initial Listing
Sold
May 2, 2025
$1,830,000
Public Record
Sold
Nov 2, 2000
$400,000
Public Record