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Buy a propertyat 1415 W 22nd Street, Los Angeles, CA 90007

$1,047,500

$1,097,500 (-4.56%)

$0/mo

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Multifamily

2,189 Sq. Ft.

5,997 Sq. Ft. lot

5 Bedrooms

0 Bathrooms

540 Days on market

22218859 MLS ID

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About 1415 W 22nd Street property

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).
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).

Property details

Bathrooms

4 total bathrooms

Bedrooms

5 total bedrooms

Building

2 total stories

Built in 2002

2,189 sqft living area

2189 total building sqft

Income

Gross Income: 45000

Net Operating Income: 31250

Listing

Listing ID: 22218859

254 days on market

Listed on 2022-11-16

Location

County: Los Angeles

Lot

5997 sqft

0.1377 acres

Area: 5997

Parking

10 total parking spaces

Property

Single building

3 units

Monthly cost

Estimated monthly cost

$6,675/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$984,650

+$31,425

$1,016,075

Seller agent commission$31,425 (3%)*

$0 (0%)

Buyer agent commission$31,425 (3%)*

$31,425 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $31,425 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: May 10, 2024 at 1:08 a.m.

Data updated: Jul 28, 2023 at 6:05 p.m.

Property listed by Keller Williams Beverly Hills, Adam Shamooelian
Based on information from California Regional Multiple Listing Service, Inc. as of 07/28/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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