1421 W 22nd Street, Los Angeles, CA 90007

$1,047,500
5
BD
4
BA
2,189
SqFt
List Price
$1,047,500
Price Change
▼ $50,000 1674727145
Status
ACTIVE
MLS#
22218883
Year Built
2002
Bedrooms
5
Bathrooms
4
Living Sq. Ft
2,189
Lot Size
6,290
Acres
0.14
Days on Market
83
Property Type
Multifamily

Property Description

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: $2,195,000).

Additional Information

Attached Structure
Detached
Number Of Units Total
3

Listing courtesy of Listing Agent: Adam Shamooelian (Adam@shamooeliangroup.com) from Listing Office: Keller Williams Beverly Hills.

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.