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$ 1,500,000
Est. payment /mo
Active
1420 W 22nd Street Los Angeles, CA 90007
10 Beds
5,893 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR25171507
Bedrooms 10
Lot Size 5,893 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
// PRICE IMPROVEMENT // Almost 8% CAP RATE!!! A prime investment opportunity in the heart of the USC rental market, this fully furnished property features a 5-bedroom, 4-bathroom single-family residence with updated electrical and plumbing systems in 2020 and a permitted 5-bedroom, 3-bathroom ADU, newly built in 2024 with paid off solar. Both units are fully furnished and leased to USC students. Designed for maximum efficiency, the property includes separate electric meters, tenants are responsible for LADWP, SoCal gas, internet, trash and sewer. The paid-off solar panels further enhance cost savings, making this an even more attractive investment. A 2024 paved driveway offers six parking spaces, a rare and valuable feature in this high-demand area. Located just minutes from USC, with easy access to shopping, dining, and major freeways, this turnkey rental offers amazing cap rate with room for increased returns. Dont miss this rare opportunity to own a high-yield investment in one of Los Angeles strongest rental markets.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction S. Hoover St. and Vermont Ave.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5055001022
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Julie Tung Partner Real Estate