CA > Los Angeles
Los Angeles, CA 90018,1973 W 22nd ST
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Los Angeles, CA 90018,1973 W 22nd ST
Los Angeles, CA 90018,1973 W 22nd ST
Los Angeles, CA 90018,1973 W 22nd ST
Los Angeles, CA 90018,1973 W 22nd ST
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John Hickey

John Hickey

+1(818) 434-6696
$ 3,000,000
Est. payment /mo
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1973 W 22nd ST Los Angeles, CA 90018

23 Beds

18 Baths

12,816 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 12,816 sqft

Price per Sqft $234

MLS Listing ID 25555119

Bedrooms 23

HOA Y/N No

Year Built 1964

Lot Size 0.556 Acres

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 C16 - Mid Los Angeles

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Refrigerator

Laundry Common Area

Exterior

Parking Features Assigned, Uncovered

Pool None

Community Features Gated

View Y/N Yes

View City Lights

Porch None

Total Parking Spaces 28

Private Pool No

Building

Faces South

Story 2

Entry Level Multi/Split

Sewer Other

Architectural Style Mid-Century Modern

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5058024018

Security Features Carbon Monoxide Detector(s),Gated Community,Resident Manager,Smoke Detector(s),Window Bars

Special Listing Condition Standard

CRMLS – RECore
Listed by William James Lyon Stahl Investment Real Estate, Inc.
agent

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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1973 W 22nd ST