1256 W 22nd, Los Angeles, CA 90007
- $875,000
- List Price
- $875,000
- Status
- ACTIVE
- MLS#
- OC26126352
- Year Built
- 1901
- Lot Size
- 5,859
- Acres
- 0.13
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 49
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
Property Description
INCREDIBLE UPSIDE INVESTMENT OPPORTUNITY! Potential to build up to four (4) additional ADUs in the area currently designated for parking, creating significant future income potential Prime 4-unit investment opportunity just steps from USC and located within the USC Security Patrol Zone. This newly restored apartment building offers an exceptional location near USC, the LA Memorial Coliseum, BMO Stadium, the Natural History Museum, and Downtown Los Angeles. Subject to LA City RSO rent control, the property presents significant upside potential with one unit currently eligible for eviction due to non-payment. Based on comparable rentals in the area, a renovated unit may support substantially higher rental income. Ideal for investors or owner-occupants seeking a value-add opportunity with strong long-term cash flow potential in one of Los Angeles' most well-priced rental markets.
Additional Information
- Appliances
- Gas Range
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Roof
- Asphalt
- Sewer
- Public Sewer
- Water
- See Remarks
- Attached Structure
- Attached
- Number Of Units Total
- 10
- Gross Scheduled Income
- $38,928
- Operating Expense
- 488
Listing courtesy of Listing Agent: Cassie French (cassie.french@theagencyre.com) from Listing Office: The Agency.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.