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Listed by Julie Tung • Real Broker
$ 1,500,000
Est. payment /mo
Active
1420 W 22nd ST Los Angeles, CA 90007
5,893 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRTR25171507
Year Built 1901
Lot Size 5,893 Sqft
Property Sub-Type Duplex
Source California Regional MLS
Property Description
// PRICE IMPROVEMENT // Almost 8% CAP RATE!!! A prime investment opportunity in the heart of the USC rental market, this fully furnished property features a 5-bedroom, 4-bathroom single-family residence with updated electrical and plumbing systems in 2020 and a permitted 5-bedroom, 3-bathroom ADU, newly built in 2024 with paid off solar. Both units are fully furnished and leased to USC students. Designed for maximum efficiency, the property includes separate electric meters, tenants are responsible for LADWP, SoCal gas, internet, trash and sewer. The paid-off solar panels further enhance cost savings, making this an even more attractive investment. A 2024 paved driveway offers six parking spaces, a rare and valuable feature in this high-demand area. Located just minutes from USC, with easy access to shopping, dining, and major freeways, this turnkey rental offers amazing cap rate with room for increased returns. Don't miss this rare opportunity to own a high-yield investment in one of Los Angeles' strongest rental markets.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Rooms
Kitchen Hood Over Range, Oven Range - Gas, Refrigerator, Oven - Gas
Interior
Flooring Laminate
Laundry Laundry Area
Exterior
Parking Features Other
Garage Spaces 6.0
Pool 31, None
View None
Roof Type Shingle
Building
Story One Story
Water Hot Water, District - Public
Others
Tax ID 5055001022
Special Listing Condition Not Applicable
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