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1973 22nd Street, Los Angeles, CA 90018
Priced at Only: $2,800,000
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Address: 1973 22nd Street, Los Angeles, CA 90018
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  • MLS#: 25555119 ( )
  • Street Address: 1973 22nd Street
  • Viewed: 1
  • Price: $2,800,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 264
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90018
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: William William
  • California Regional MLS IDX
  • DMCA Notice
  • 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 ($155,556) and price per square foot ($218). 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.
Features
Appliances
  1. Disposal
  2. Refrigerator
Architectural Style
  1. Mid Century Modern
Building Area Total
  1. 12816.00
Common Walls
  1. 1 Common Wall
Construction Materials
  1. Stucco
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Direction Faces
  1. South
Fireplace Features
  1. None
Garage Spaces
  1. 0.00
Heating
  1. Wall Furnace
Laundry Features
  1. Community
Levels
  1. Multi/Split
Netoperatingincome
  1. 161371.00
Parcel Number
  1. 5058024018
Parking Features
  1. Assigned
  2. Uncovered
Pool Features
  1. None
Postalcodeplus4
  1. 1668
Roof
  1. Composition
  2. Shingle
Security Features
  1. Gated Community
  2. Carbon Monoxide Detector(s)
  3. Smoke Detector(s)
  4. Resident Manager
  5. Window Bars
  6. Automatic Gate
Sewer
  1. Other
Sourcesystemkey
  1. 25555119:CLAW
Spa Features
  1. None
Tenant Pays
  1. Gas
  2. Electricity
Totalexpenses
  1. 99347.00
Uncovered Spaces
  1. 28.00
Vacancyallowance
  1. 8063
View
  1. City Lights
Year Built
  1. 1964
Zoning
  1. LAR3
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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