Los Angeles, CA 90007 1415 W 22nd Street

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Presented By: Adam Shamooelian with Keller Williams Beverly Hills;
  • MLS# 22218859
  • 11/16/2022
  • Request Tour
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  • BedBeds • 5
  • BathBaths • 4
  • FootageSQFT • 2,189

Home Details

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).
Presented By: Adam Shamooelian with Keller Williams Beverly Hills;

Interior Features for 1415 W 22nd Street

Bedrooms

Total Bedrooms5

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths4

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Street SuffixStreet
Total Stories2

General for 1415 W 22nd Street

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market408
Directions1415 W. 22nd Street, 90007 | 1421 W. 22nd Street, 90007
Garage Y/NNo
Gross Income45000.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet5997.0
MLS AreaC16 - Mid Los Angeles
MobileHomeRemainsYNNo
Net Operating Income31250.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street Name22nd
Total Units3
View Y/NNo
Waterfront Y/NNo
Year Built2002
ZoningLARD2

Exterior for 1415 W 22nd Street

Building Area Total2189.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1377
Lot Size Area5997.0
Lot Size SourceAppraiser
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking10.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,047,500
MLS#22218859
List Date 11/16/2022
Property Type Multi-Family
Phone 714.964.3311
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