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    1039 W 22Nd St

    Los Angeles, CA 90007
    • $775,000
    • STATUS: Active
    • ON SITE: 1 days
    • ID#: 21-727328
    New On Site 1 Day Ago
    UPDATED: 20 min ago
    $775,000
    • 4
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,945
      SQFT
    • $263
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1903
    County:

    School Ratings & Info

    Description

    We are pleased to offer the opportunity to acquire this three (3) unit multifamily investment opportunity, located blocks to the University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1903, with approximately 2,945 rentable square feet on a 6,621 square foot lot. The investment is comprised of one structure, with a unit mix consisting of two (2) 1+1 units, & one (1) 2+1.5 unit. Given the location and attractive local area amenities, this is an excellent value-add opportunity, with over 38% upside in current rents for an investor to acquire in the attractive USC submarket. Please email for the Offering Memorandum/ Executive Summary.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-06T17:42:42.757. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/116741918
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    1039 W 22Nd St Los Angeles, CA 90007

    • Price: $775,000
    • Status: Active
    • Updated: 20 min ago
    • ID#: 21-727328
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,945
    SQFT
    $263
    $/SQFT
    1903
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    We are pleased to offer the opportunity to acquire this three (3) unit multifamily investment opportunity, located blocks to the University of Southern California (USC). The subject property is constructed of wood frame and stucco, built in 1903, with approximately 2,945 rentable square feet on a 6,621 square foot lot. The investment is comprised of one structure, with a unit mix consisting of two (2) 1+1 units, & one (1) 2+1.5 unit. Given the location and attractive local area amenities, this is an excellent value-add opportunity, with over 38% upside in current rents for an investor to acquire in the attractive USC submarket. Please email for the Offering Memorandum/ Executive Summary.
    Exterior Features

    Lot Size Area 6221 Other Structures None Parking Garage Private Total Parking 6

    Interior Features

    Baths Total 3.50 Cooling None Equipment None Heating Wall

    Property Features

    Assessed Total Value 674926 Gross Income 45478 Gross Operating Income 44568 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 27100.00 Number Of Buildings 1 Number Of Units 3 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 17469 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Davis Saadian DRE#01921748 of Brc Advisors- Bh.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-06T17:42:42.757. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583