About 1421 W 22nd St
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).
Features of 1421 W 22nd St
| MLS® # | 22-218883 |
|---|---|
| Price | $1,047,500 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Square Footage | 2,189 |
| Acres | 0.14 |
| Year Built | 2002 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Community Information
| Address | 1421 W 22nd St |
|---|---|
| Area | Mid Los Angeles |
| City | LOS ANGELES |
| County | Los Angeles |
| State | CA |
| Zip Code | 90007 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Garages | Other |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Other |
|---|---|
| Cooling | Other |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Additional Information
| Date Listed | November 16th, 2022 |
|---|---|
| Days on Market | 539 |
| Zoning | LARD2 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Adam Shamooelian (02116849) |
|---|---|
| Office | Keller Williams Beverly Hills |