1973 W 22nd St Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90018
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,816 sqft
Price per Sqft $234
MLS Listing ID 25555119
Style Mid-Century
Bedrooms 23
Year Built 1964
Lot Size 0.557 Acres
Acres 0.5565
Property Sub-Type Multi-Family
Property Description
We are pleased to present 1973-2015 W. 22nd Street, an 18-unit multifamily opportunity located in the heart of West Adams. The offering comprises two adjacent apartment buildings on one large parcel totaling 24,239 sf. The unit mix includes five (2-bedroom, 1-bath) and thirteen (1-bedroom, 1-bath) units. The unique lot offers parking for 28 individual vehicles allowing a new investor the opportunity to build additional units while preserving parking. This investment is being offered at a very attractive price per unit ($166,667) and price per square foot ($234). With nearly 70% upside in rents, this investment provides both a great basis with the ability to increase the cash flow to double digit returns.
Location
State CA
County Los Angeles
Area Mid Los Angeles
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall/Window
Fireplaces Type None
Equipment Refrigerator, Range/Oven
Laundry Community, Laundry Area
Exterior
Parking Features Assigned, Uncovered
Garage Spaces 28.0
Pool None
Waterfront Description None
View Y/N Yes
View City
Building
Lot Description Single Lot
Story 2
Sewer In Street
Water Public
Architectural Style Mid-Century
Level or Stories Multi/Split
Structure Type Stucco
Others
Special Listing Condition Standard