$1,047,500 $5,623 est/mo Sourced by Back At You

1421 W 22nd Street,Los Angeles, CA 90007

Los Angeles CA, 90007

Share with a friend

Description

We are pleased to offer the opportunity to acquire this two (2) building student housing portfolio on 1415 W. 22nd Street & 1421 W. 22nd Street, located in the DPS patrol zone, and close proximity to the University of Southern California (USC). The investment consists of two (2) contiguous 3-unit apartment buildings (6 units total), built recently in 2002. The properties feature a unit mix of one (1) 3 bedroom + 2 bathroom unit, as well as two (2) 1 bedroom + 1 bathroom units. The investment also allows the opportunity to further increase cash flow by adding Accessory Dwelling units (ADU's- Buyer to Verify) in the rear of the oversized 12,287 sqft lot. Given the location, attractive local area amenities, and opportunity to increase rental income, this investment presents an excellent opportunity for an investor to acquire a unique portfolio in the attractive USC submarket that will provide exponential returns with value add upside. Both properties are being sold contiguously (Total Price: $2,095,000).

Details

MLS#22218883
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2002
Days On Site554
Listing Provided ByKeller Williams Beverly Hills 310-432-6400 | Adam Shamooelian

Features

Bed(s)5
Bath(s)4
SQ Feet2,189
Story(s)2
Units3
Building(s)1
ZoningLARD2
Acreage0.14

Market Activity 90007

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Request a showing

Request a showing

Loading Form
Listings Checked: 1 minute ago
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90007
AreaC16 Mid Los Angeles
Listing VS Median (in 90007)
Price:
$1,047,500
low | high
Med:
$1,047,500
50% of Average
SqFt:
2,189
low | high
Med:
2,189
50% of Average
$ / SqFt:
$479
low | high
Med:
$479
50% of Average
On Site:
554
low | high
Med:
554.000000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 10:49:30 AM PDT