1545 W 22nd, Los Angeles, CA 90007
- $849,000
- List Price
- $849,000
- Status
- ACTIVE
- MLS#
- SB26212022
- Year Built
- 1913
- Lot Size
- 4,214
- Acres
- 0.10
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 2
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
DELIVERED WITH ONE UNIT VACANT AT CLOSE OF ESCROW. This 4-unit value-add asset is located within walking distance to USC and just minutes from the 10 Freeway, offering investors a strong rental location with long-term upside. The property is currently operating at a 5.67% cap rate and 12.12 GRM, with approximately 52% upside in rents. With one unit delivered vacant, a new owner has the opportunity to immediately renovate, lease at market, and begin capturing upside from day one. With a motivated seller, strong location fundamentals, and clear rental upside, this building is ready for a new owner to step in and take advantage of the long-term value-add opportunity.
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $70,074
- Operating Expense
- 21973
Listing courtesy of Listing Agent: Cameron Samimi (cameron@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
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