1444 W 22nd Street, Los Angeles, CA 90007

$939,000
List Price
$939,000
Price Change
▼ $6,000 1673051881
Status
ACTIVE
MLS#
SB22216879
Year Built
1923
Lot Size
5,895
Acres
0.14
Lot Location
Item01UnitAcre
Days on Market
114
Property Type
Multifamily

Property Description

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

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$109,944
Operating Expense
22518

Listing courtesy of Listing Agent: Aaron Jacobson (aaron@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..

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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.