1415 West 22nd Street

Los Angeles, CA 90007

$1,047,500
Price
5
Beds
4
Baths
2,189 Sq. Ft.
$479 / Sq. Ft.
2,189
Sq. Ft.
$479
per Sq. Ft.

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...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: $2,095,000).
  1. Listed by Adam Shamooelian • DRE #02116849 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 1415 West 22nd Street

Zoning
LARD2
Parcel Number
5055001047
Total Units
3.0
Living Area
2189
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
5997

Location

Listing Courtesy of Keller Williams Beverly Hills, Adam Shamooelian, DRE #02116849
Add your commute
LISTING UPDATED: 12/29/2023 12:00 PM

Property Details for 1415 West 22nd Street

StatusActive
MLS #22-218859
Days on Market526
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2002
Lot Size0.14 AC / 5,997 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Adam Shamooelian, DRE #02116849
Add your commute

Building Information for 1415 West 22nd Street

Stories2Residences-Year Built2002Building Size-Lot Size0.14 AC / 5,997 SF

Payment Calculator

$6,607 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,717

Property Taxes

$890

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1415 West 22nd Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $45,000
  • Net Operating Income: $31,250.00
  • Gross Income: $45,000
  • Gross Rent Multiplier: $24.39
  • Total Annual Expense: 13750
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1377
  • Lot Size Square Feet: 5997
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 10
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 11-16-2022
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $251,537.00
  • Assessed Improvement Percent: 30.07
  • Assessed Land Value: $585,099.00
  • Assessed Land Percent: 69.93
  • Assessed Total Value: $836,636.00

Property History for 1415 West 22nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1415 West 22nd Street

Taxable ValueLand$596,800Additions$256,567Total$853,367
Tax Record2023$10,679 ($890 / month)
Home Facts
Total Finished SqFt2,189 SqFtAbove Grade Finished SqFt2,189 SqFtLot Size5,997 SqFtStyleTriplexYear Built2002ZoningLARD2CountyLOS ANGELESAPN5055-001-047

Schools near 1415 West 22nd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Vermont Avenue Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1415 West 22nd Street is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on November 16, 2022 by Keller Williams Beverly Hills, it's currently listed at $1,047,500. It has been on the market for a total of 526 days and was last sold on May 2, 2002. This listing's school district is Los Angeles Unified School District. Nearby schools include Vermont Avenue Elementary School, John Adams Middle School and West Adams Preparatory High School. 1415 West 22nd Street is a 5-bed, 4-bath, 2,189 sqft multi-family home built in 2002.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Adam Shamooelian, DRE #02116849

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.