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1444 W 22Nd St, Los Angeles, CA 90007
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1444 W 22Nd St Los Angeles, CA 90007

$835,000 Sold Price as of 06/01/2023
  • 7 Beds
  • 6 Baths
  • 4,792 Sq.Ft.
Sold
$835,000 Sold Price as of 06/01/2023 Refinance Your Mortgage
Map preview of 1444 W 22Nd St, Los Angeles, CA 90007

Property Overview: 1444 W 22Nd St Los Angeles, CA has 7 bedrooms, 6 bathrooms, 4,792 living square feet and 5,595 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: USC Adjacent! Under $200/SF with ADUs! 1444 W 22nd St is a value add 4-Plex comprised of (4) Massive 986 Sq. Ft 1-Bed/1-Bath units delivered with 1 vacancy. These Huge units can be converted into 3-Bedroom Units! The property has FULL RTI Approved Permits= for (2) additional 1-Bed/1-Bath ADUs! With ADUs converting one unit into a 2-Bedroom, 1444 22nd operates at a 9.21% Cap Rate (Pre Construction Costs). Rare to find a property so close to USC with this much upside and will stabilize near a 14% Cap Rate! Using a conservative budget, after rehabbing the available unit and building the 2 Approved ADUs, your true cap rate will be over 7% before even touching the occupied units. Give us a call and we can walk you through this deal. You'll never find a USC DPS zone multi-family at this Price per Square Foot Again. Located in the 90007 Zip Code and in the USC DPS Zone, the subject property is steps from USC, Banc of California Stadium and the Los Angeles Coliseum. THE SF REFLECTED REPRESENTS THE ADU CONVERSION

Listed by Aaron Jacobson | BRE #02100737 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 5 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 76

Home details

Lot Sq. Ft
5,595
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
SB23038144
City
Los Angeles
County
Los Angeles
Time on Site
439 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $2,666
  • Pro Forma/Market Rent: $3,465
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $825
  • Total Rent: $825
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $522
  • Total Rent: $522
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $760
  • Total Rent: $760
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,795
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.31%
  • Gross Rent Multiplier: 10.47
  • Gross Scheduled Income: $109,944
  • Net Operating Income: $84,127
  • Gross Operating Income: $106,646
Annual Expense Breakdown
  • Total Operating Expense: $22,518
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 1444 W 22Nd St

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5055001018
  • Year Built Source: Estimated
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of I-10 East of Vermont
Neighborhood Information
  • Community Features: Biking, Sidewalks, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 1444 W 22Nd St

Last sold for $835,000 on June 1st, 2023

  • June, 2023

  • Jun 1, 2023

    Date

    Sold

    CRMLS: SB23038144

    $835,000

    Price

  • Mar 7, 2023

    Date

    Active

    CRMLS: SB23038144

    $939,000

    Price

  • March, 2023

  • Mar 2, 2023

    Date

    Canceled

    CRMLS: SB22216879

    $939,000

    Price

  • Oct 6, 2022

    Date

    Active

    CRMLS: SB22216879

    $1,045,000

    Price

  • Listing provided courtesy of CRMLS

    USC Adjacent! Under $200/SF with ADUs! 1444 W 22nd St is a value add 4-Plex comprised of (4) Massive 986 Sq. Ft 1-Bed/1-Bath units delivered with 1 available. These Huge units can be converted into 3-Bedroom Units! The property has FULL RTI Approved Permits for (2) additional 1-Bed/1-Bath ADUs! With ADUs and 1 Vacancy converted to a 3-Bedroom, 1444 22nd operates at a 9.21% Cap Rate (Pre Construction Costs). Rare to find a property so close to USC with this much upside and will stabilize near a 14% Cap Rate! Using a conservative budget, after rehabbing the available unit and building the 2 Approved ADU's, your true cap rate will be over 7% before even touching the occupied units. Give us a call and we can walk you through this deal. You'll never find a USC DPS zone multi-family at this Price per Square Foot Again. Located in the 90007 Zip Code and in the USC DPS Zone, the subject property is steps from USC, Banc of California Stadium and the Los Angeles Coliseum. THE SF REFLECTED REPRESENTS THE ADU CONVERSION

  • October, 2021

  • Oct 7, 2021

    Date

    Active Under Contract

    CRMLS: 21766046

    $750,000

    Price

  • Jul 31, 2021

    Date

    Active

    CRMLS: 21766046

    $750,000

    Price

  • Listing provided courtesy of CRMLS

    ACcepting Offers, dont waite, great Opportunity, near 10 freeway, Estate and Probate sale ,Court confirmation not required. As-Is , 2 units under Los Angeles City Housing Dept REAP * www.lahd.gov for Reap info, Sold with tenants and Reap repairs, great area near USC , Investor Delight, Actual address: 1444- 1444 1/2 and 1446 and 1446 1/2, Note* 3 estates Each Trustee/Administrator represents 1/3 interest, all agree to sell.EMAIL questions to both agents

  • April, 2021

  • Apr 20, 2021

    Date

    Expired

    CRMLS: 21682320

    $750,000

    Price

  • Mar 22, 2021

    Date

    Withdrawn

    CRMLS: 21682320

    $750,000

    Price

  • Mar 21, 2021

    Date

    Active

    CRMLS: 21682320

    $750,000

    Price

  • Feb 20, 2021

    Date

    Hold

    CRMLS: 21682320

    $750,000

    Price

  • Jan 22, 2021

    Date

    Active

    CRMLS: 21682320

    $750,000

    Price

  • Listing provided courtesy of CRMLS

    Estate and Probate sale ,Court confirmation not required. As-Is , 2 units under Los Angeles City Housing Dept REAP * www.lahd.gov for Reap info, Sold with tenants and Reap repairs, great area near USC and the 10 freeway , Investor Delight, Actual address: 1444- 1444 1/2 and 1446 and 1446 1/2, Note* 3 estates Each Trustee/Administrator represents 1/3 interest, all agree to sell.EMAIL questions

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Tax History for 1444 W 22Nd St

Assessed Value (2020): $43,203
Year Land Value Improved Value Assessed Value
2020 $22,386 $20,817 $43,203

Home Value Compared to the Market

This property vs the competition

1444 W 22Nd St sold on June 1, 2023 for 21.09% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $195.95 per/sqft which puts the price per square foot 74.05% lower than the current median sale per square foot for the city of Los Angeles.

About 1444 W 22Nd St

Detailed summary of property

1444 W 22Nd St is a fourplex that recently sold in Los Angeles, CA 90007. This fourplex offered 7 bedrooms, 6 bathrooms, roughly 4,792 living square feet, and sits on an approximately 5,595 square foot lot. 1444 W 22Nd St was first listed on ArdentRealEstateGroup.com on March 7, 2023. The homeowner sold the property for $835,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 21.09% lower than the current median priced home. Local homes that are currently for sale include 1362 W 37th Dr, 1270 Exposition Blvd and 3915 Walton Ave. While the average home in Los Angeles, CA is selling in 92 days, 1444 W 22Nd St has a days on market of 76 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1444 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 1444 W 22Nd St

Public county record property details
Beds
4
Baths
4
Year built
--
Sq. Ft.
3,944
Lot Size
5,894
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
5055-001-018

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%)

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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