1973 W 22nd ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90018
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 12,816 sqft
Price per Sqft $234
MLS Listing ID 25555119
Bedrooms 23
HOA Y/N No
Year Built 1964
Lot Size 0.556 Acres
Property Description
We are pleased to present 1973-2015 W. 22nd Street, an 18-unit multifamily opportunity located in the heart of West Adams. The offering comprises two adjacent apartment buildings on one large parcel totaling 24,239 sf. The unit mix includes five (2-bedroom, 1-bath) and thirteen (1-bedroom, 1-bath) units. The unique lot offers parking for 28 individual vehicles allowing a new investor the opportunity to build additional units while preserving parking. This investment is being offered at a very attractive price per unit ($166,667) and price per square foot ($234). With nearly 70% upside in rents, this investment provides both a great basis with the ability to increase the cash flow to double digit returns.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Appliance Refrigerator
Laundry Common Area
Exterior
Parking Features Assigned,Uncovered
Pool None
Community Features Gated
View Y/N Yes
View City Lights
Porch None
Total Parking Spaces 28
Private Pool No
Building
Faces South
Story 2
Entry Level Multi/Split
Sewer Other
Architectural Style Mid-Century Modern
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5058024018
Security Features Carbon Monoxide Detector(s),Gated Community,Resident Manager,Smoke Detector(s),Window Bars
Special Listing Condition Standard
Lease Land No