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    1385 W 22Nd St

    Los Angeles, CA 90007
    • $975,000
    • STATUS: Active
    • ON SITE: 5 Days
    • ID#: 21-794488
    New On Site 5 Days Ago
    UPDATED: 77 min ago
    $975,000
    • 3
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,908
      SQFT
    • $511
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1901
    County:

    School Ratings & Info

    Description

    We are pleased to offer the opportunity to acquire this three (3) building student housing portfolio, located in the DPS patrol zone, and walking distance to the University of Southern California (USC).The investment consists of three (3) separate properties, situated within 1 block of each other. The properties feature a mix of newly updated/ remodeled student housing units, as well as value-add units with a tremendous amount of rental upside and growth. The investment also allows the opportunity to further increase cash flow by adding Accessory Dwelling units (ADUs).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 premier portfolio in the attractive USC submarket that will provide exponential returns.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-17T23:42:31.657. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.theparsonsrealestateteam.com/homes/122307446
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    1385 W 22Nd St Los Angeles, CA 90007

    • Price: $975,000
    • Status: Active
    • Updated: 77 min ago
    • ID#: 21-794488
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1,908
    SQFT
    $511
    $/SQFT
    1901
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    We are pleased to offer the opportunity to acquire this three (3) building student housing portfolio, located in the DPS patrol zone, and walking distance to the University of Southern California (USC).The investment consists of three (3) separate properties, situated within 1 block of each other. The properties feature a mix of newly updated/ remodeled student housing units, as well as value-add units with a tremendous amount of rental upside and growth. The investment also allows the opportunity to further increase cash flow by adding Accessory Dwelling units (ADUs).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 premier portfolio in the attractive USC submarket that will provide exponential returns.
    Exterior Features

    Lot Size Area 5309 Other Structures None Parking Garage None Total Parking 3

    Interior Features

    Baths Total 3.00 Cooling Other Equipment Range/OvenRefrigeratorFreezerMicrowaveIce Maker Heating Other

    Property Features

    Assessed Total Value 189494 Gross Income 58800 Gross Operating Income 58800 Like Units1 1 Like Units2 1 Net Operating Income 41382.00 Number Of Buildings 2 Number Of Units 2 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 17418 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lard2

    Listing provided courtesy of Davis Saadian DRE#01921748 of Keller Williams Beverly Hills.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-17T23:42:31.657. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    The Parsons Team | Keller Williams Realty
    251 S. Lake Ave #150
    Pasadena CA, 91101