$799,000
1543 1/2 W 22nd Pl
Los Angeles, CA 90007
—
Beds
—
Baths
4,212
Square feet
1913
Built
Listing narrative
Description
DELIVERED WITH ONE UNIT VACANT AT CLOSE OF ESCROW. Just under $5,850 monthly rental income. 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 6.10% cap rate and 11.40 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.
Property Details
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Price
$799,000
Beds
Beds n/a
Type
Condo
Home Size
4,212 sqft
Baths
Baths n/a
Lot Size
4,212 sqft
Year
1913
Status
New
Days on Market
11
$ / Sqft
$190
Courtesy of Lyon Stahl Investment Real Est






