$1,047,500 Price Analysis   ♡   Los Angeles, CA 90007 5 bed 4 bath 2,189 SqFt ($478/SqFt) 6,290SqFt lot. Built 2002 Listed 2022-11-16, Taxes $10,219 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
We are pleased to offer the opportunity to acquire this two (2)
Building student housing portfolio on 1415 W. 22nd Street and 1421 W. 22nd Street, locatd in the DPS patrol zone and close proximity to the University of Southern California (USC). The investment consists of two (2) contiguous 3-unit apartment buildings (6 units total), built recently in 2002. The properties feature a unit mix of one (1) 3 bedroom + 2 bathroom unit, as well as two (2) 1 bedroom + 1 bathroom units.
The investment also allows the opportunity to further increase cash flow by adding Accessory Dwelling units (ADU's- Buyer to Verify) in the rear of the oversized 12, 287 sqft lot. Given the location, attractive local area amenities and opportunity to increase rental income, this investment presents an excellent opportunity for an investor to acquire a unique portfolio in the attractive USC submarket that will provide exponential returns with value add upside. Both properties are being sold contiguously (Total Price: $2, 095, 000).
Presented by Adam Shamooelian at
Keller Williams Beverly Hills.
Property MLS #22-218883 from TheMLSCLAW
Full Bathrooms: 4
Lot Size Source: Appraiser
Lot Size Square Feet: 6290
Calculated Total Monthly Association Fees: 0
Number of Units: 3
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2, 1 SquareFeet: 4500, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 1900, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 1900
County: Los Angeles
Directions: 1415 W. 22nd Street, 90007 | 1421 W. 22nd Street, 90007
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Parcel Number: 5055-001-048
Postal Code Plus 4: 1610
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $251,537 + $585,099 $836,636 | $10,219 |
| 2021 | $246,605 + $573,627 $820,232 | $10,088 |
| 2020 | $244,077 + $567,746 $811,823 | $10,189 |
| 2019 | $239,292 + $556,614 $795,906 | $9,792 |
| 2018 | $187,431 + $249,907 $437,338 | $5,556 |
| 2017 | $183,756 + $245,007 $428,763 | $5,441 |
| 2016 | $180,153 + $240,203 $420,356 | $5,302 |
| 2015 | $177,447 + $236,595 $414,042 | $5,228 |
| 2014 | $173,972 + $231,961 $405,933 | $5,265 |
| 2013 | $173,186 + $230,913 $404,099 | $5,259 |
| 2012 | $169,791 + $226,386 $396,177 | $5,328 |
| 2010 | $166,462 + $221,948 $388,410 | $5,227 |
| 2009 | $165,611 + $220,814 $386,425 | $5,036 |
| 2009 | $165,218 + $220,290 $385,508 | $5,036 |
| 2008 | $162,364 + $216,485 $378,849 | $4,827 |
| 2007 | $159,181 + $212,241 $371,422 | $4,668 |
$1,047,500
TheMLSCLAW
Listed 2022-11-16
$1,097,500
TheMLSCLAW
Sold 2002-05-02
$282,500
Public Record
Listing removed 2001-06-12
$92,000
ITECH
Listing removed 2001-06-12
$92,000
ITECH
Listed 2001-01-11
$92,000
ITECH
Listed 2001-01-11
$92,000
ITECH
Sold 1986-04-22
$85,000
Public Record
Sold 1982-03-17
$41,000
Public Record
Year Built: 2002
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 22
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.