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1039 W 22Nd St, Los Angeles, CA 90007
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1039 W 22Nd St Los Angeles, CA 90007

$810,000 Sold Price as of 11/04/2022
  • 9 Beds
  • 6 Baths
  • 2,945 Sq.Ft.
Sold
$810,000 Sold Price as of 11/04/2022 Refinance Your Mortgage
Map preview of 1039 W 22Nd St, Los Angeles, CA 90007

Property Overview: 1039 W 22Nd St Los Angeles, CA has 9 bedrooms, 6 bathrooms, 2,945 living square feet and 6,221 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PERFECT FOR STUDENT HOUSING or One unit owner use with Two units for income**** Located in University Park Area, minutes from the University of Southern California (USC) and Downtown LA. Great Investment opportunity (3) unit multifamily. The subject property is approximately 2,945 rentable square feet on a 6,621 square foot lot. The investment is comprised of one structure, with a unit mix consisting of two (2) 1bed+1bath units, & one (1) 2bed+1.5bath big size unit. The big lot is 6,621 SQFT; Can add one or two new ADU. Given the location and attractive local area amenities, this is an excellent value-add opportunity upside in current rents for an investor to acquire in the attractive USC submarket.

Listed by Sharon Oh | BRE #01712047 | Redpoint Realty
Last checked: 14 minutes ago | Last updated: November 16th, 2022 | Source CRMLS | DOM: 55

Home details

Lot Sq. Ft
6,221
HOA Dues
$0/mo
Year built
1903
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22180577
City
Los Angeles
County
Los Angeles
Time on Site
794 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,291
  • Total Rent: $1,288
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $835
  • Total Rent: $832
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,672
  • Total Rent: $1,688
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $32,868
  • Gross Operating Income: $44,568
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1039 W 22Nd St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Uncovered
Property Information
  • Total # of Units: 3
  • Parcel Number: 5124005017
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Union and 22nd, South of 10 Fway and West of 110 Fway
View more facts & features

Local Los Angeles Agent

Sale History for 1039 W 22Nd St

Last sold for $810,000 on November 4th, 2022

  • November, 2022

  • Nov 4, 2022

    Date

    Sold

    CRMLS: 22180577

    $810,000

    Price

  • Aug 10, 2022

    Date

    Active

    CRMLS: 22180577

    $930,000

    Price

  • July, 2021

  • Jul 26, 2021

    Date

    Sold

    CRMLS: 21727328

    $750,000

    Price

  • Jun 4, 2021

    Date

    Pending

    CRMLS: 21727328

    $775,000

    Price

  • May 20, 2021

    Date

    Active

    CRMLS: 21727328

    $775,000

    Price

  • May 14, 2021

    Date

    Pending

    CRMLS: 21727328

    $775,000

    Price

  • May 4, 2021

    Date

    Active

    CRMLS: 21727328

    $775,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to offer the opportunity to acquire this three (3) unit multifamily investment opportunity, located blocks to the University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1903, with approximately 2,945 rentable square feet on a 6,621 square foot lot. The investment is comprised of one structure, with a unit mix consisting of two (2) 1+1 units, & one (1) 2+1.5 unit. Given the location and attractive local area amenities, this is an excellent value-add opportunity, with over 38% upside in current rents for an investor to acquire in the attractive USC submarket. Please email for the Offering Memorandum/ Executive Summary.

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Tax History for 1039 W 22Nd St

Assessed Value (2020): $674,926
Year Land Value Improved Value Assessed Value
2020 $540,154 $134,772 $674,926

Home Value Compared to the Market

This property vs the competition

1039 W 22Nd St sold on November 4, 2022 for 20.54% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $302.21 per/sqft which puts the price per square foot 58.26% lower than the current median sale per square foot for the city of Los Angeles.

About 1039 W 22Nd St

Detailed summary of property

1039 W 22Nd St is a multi family that recently sold in Los Angeles, CA 90007. This multi family property offered 9 bedrooms, 6 bathrooms, roughly 2,945 living square feet, and sits on an approximately 6,221 square foot lot. 1039 W 22Nd St was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $810,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 20.54% lower than the current median priced home. Local homes that are currently for sale include 2504 Trinity St, 622 E 24th St and 3215 Trinity St. While the average home in Los Angeles, CA is selling in 106 days, 1039 W 22Nd St has a days on market of 55 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1039 W 22Nd St Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1039 W 22Nd St

Public county record property details
Beds
2
Baths
3
Year built
1903
Sq. Ft.
2,945
Lot Size
6,221
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5124-005-017

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,399,999
Median List Price/Sq.Ft.
$550
Median Sold Price
$1,025,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
19
Median Sale to List Price %
100%
Avg Days on Market
0
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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