Los Angeles, CA 90018,1973 W 22nd St
Los Angeles, CA 90018,1973 W 22nd St
Los Angeles, CA 90018,1973 W 22nd St
13
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$3,000,000
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23 Beds
18 Baths
12,816 SqFt
Active

1973 W 22nd St Los Angeles, CA 90018

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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

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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


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

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agent

Jennifer D. Holmes

Global Real Estate Advisor

+1(214) 600-2972

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1973 W 22nd St