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… Read More 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. Read Less
Listing Snapshot
Days Online
25
Last Updated
Property Type
Other
Beds
23
Square Ft.
12,816
Lot Size
0.56 Acres
Year Built
1964
MLS Number
25555119
30 Days Snapshot Of 90018
$1.02M
-11%
(avg) sold price
6
-33%
homes sold
63
-50%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1964, Building area total: 12,816, Levels: MultiSplit, Living area: 12816, 2 buildings, Architectural style: MidCenturyModern, Construction materials: Stucco
Community
Gated
Cooling
WallWindowUnits
Fireplaces
None
Heating
WallFurnace
Income
Gross income: $249,367, Net operating income: $131,293
Laundry
CommonArea
Lot
0.5565 acres, 24,242 square feet, Size: 24,242
Parking
28 open parking spaces, 28 totals parking, Assigned, Uncovered
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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