Los Angeles, CA 90018,1973 W 22nd Street
Los Angeles, CA 90018,1973 W 22nd Street
Los Angeles, CA 90018,1973 W 22nd Street
Los Angeles, CA 90018,1973 W 22nd Street
Los Angeles, CA 90018,1973 W 22nd Street
Los Angeles, CA 90018,1973 W 22nd Street
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$ 3,000,000
Est. payment | /mo

12,816 SqFt


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$ 3,000,000
Est. payment | /mo
Save

12,816 SqFt

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 12,816 sqft

Price per Sqft $234

MLS Listing ID CL25555119

HOA Y/N No

Year Built 1964

Lot Size 0.557 Acres

Acres 0.56

Property Sub-Type Other

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

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Utilities Available Other Water/Sewer

View Y/N true

View City Lights

Building

Water Other

New Construction No

Others

Tax ID 5058024018

Bridge MLS
Listed by William James • Lyon Stahl Investment Real Estate, Inc.
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1973 W 22nd Street