Homes for sale - 1973 W 22nd ST, Los Angeles, CA 90018

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Edward Kapanadze

edward@homesearch-la.com +1(310) 870-0404

$ 3,000,000

Est. payment | -/mo

23 Beds

18 Baths

12,816 SqFt

Save

$ 3,000,000

Est. payment | -/mo

Save

23 Beds

18 Baths

12,816 SqFt

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

Listed by William James Lyon Stahl Investment Real Estate, Inc.

1973 W 22nd ST Los Angeles, CA 90018