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1415 W 22Nd St, Los Angeles, CA 90007
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1415 W 22Nd St Los Angeles, CA 90007

$1,047,500
  • 5 Beds
  • 4 Baths
  • 2,189 Sq.Ft.
For Sale
$1,047,500 Get Pre-Qualified
Map preview of 1415 W 22Nd St, Los Angeles, CA 90007

Property Overview: 1415 W 22Nd St Los Angeles, CA has 5 bedrooms, 4 bathrooms, 2,189 living square feet and 5,997 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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).

Listed by Adam Shamooelian | BRE #02116849 | Keller Williams Beverly Hills
Last checked: 12 minutes ago | Last updated: May 17th, 2024 | Source CRMLS | DOM: 551
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Home details

Lot Sq. Ft
5,997
HOA Dues
$0/mo
Year built
2002
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
22218859
City
Los Angeles
County
Los Angeles
Time on Site
551 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 24.39
  • Gross Scheduled Income: --
  • Net Operating Income: $31,250
  • Gross Operating Income: $45,000
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1415 W 22Nd St

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
Lot Information
  • Lot Size Source: Appraiser
Property Information
  • Total # of Units: 3
  • Parcel Number: 5055001047
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 1415 W. 22nd Street, 90007 | 1421 W. 22nd Street, 90007
View more facts & features

Local Los Angeles Agent

Sale History for 1415 W 22Nd St

Last sold on May 24th, 2017

  • November, 2022

  • Nov 16, 2022

    Date

    Active

    CRMLS: 22218859

    $1,097,500

    Price

  • May, 2017

  • May 24, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2003

  • Sep 29, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1415 W 22Nd St

Assessed Value (2020): $811,823
Year Land Value Improved Value Assessed Value
2020 $567,746 $244,077 $811,823

Home Value Compared to the Market

This property vs the competition

1415 W 22Nd St is listed 16.2% lower than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $780 and this home is listed at $478.53 per/sqft which puts the price per square foot 38.65% lower than the median price per square foot for the city of Los Angeles.

About 1415 W 22Nd St

Detailed summary of property

1415 W 22Nd St is a multi family located in Los Angeles, CA 90007 and is currently for sale. This multi family property offers 5 bedrooms, 4 bathrooms, roughly 2,189 living square feet, and sits on an approximately 5,997 square foot lot. 1415 W 22Nd St was first listed on ArdentRealEstateGroup.com on November 17, 2022. The homeowner is currently asking $1,047,500 and was originally asking $1,097,500. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $780. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 16.2% lower than the median priced home. Local competing homes currently for sale include 2621 Juliet St, 1826 S Bonnie Brae St and 1320 W 17th St. While the average home in Los Angeles, CA is selling in 93 days, 1415 W 22Nd St has a days on market of 551 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 1415 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 1415 W 22Nd St

Public county record property details
Beds
5
Baths
5
Year built
2002
Sq. Ft.
2,189
Lot Size
5,997
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3,23
APN
5055-001-047

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
$1,198,999
Median List Price/Sq.Ft.
$616
Median Sold Price
$710,000
Median Sold Price/Sq.Ft.
$645
Total Inventory
13
Median Sale to List Price %
94.79%
Avg Days on Market
63
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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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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