$1,047,500 Price Analysis 1421 W 22nd StLos 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 |
Building student housing portfolio on 1415 W. 22nd Street and 1421 W. 22nd Street, located 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 fo r an investor to acquire a unque 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
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 |
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.