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Listed by Boris Almengor, DRE #02092597 • Lyon Stahl Investment Real Est
$849,000
Est. payment /mo
4,214 Sqft Lot
Active
1543 W 22nd PL Los Angeles, CA 90007
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26081006
Year Built 1913
Lot Size 4,214 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
1543 W 22nd Pl presents an opportunity to acquire a 4-unit value-add asset in a strong Central Los Angeles rental pocket near USC and Exposition Park. Offered at $849,000, or approximately $212,250 per unit, the property features attractive in-place income with meaningful upside through repositioning to market rents. Based on the offering figures provided, the asset is currently operating at a 4.78% cap rate and 13.16 GRM, with upside to a 9.41% pro forma cap rate and 8.09 pro forma GRM. The property is well located near USC's University Park Campus and Exposition Park, one of Los Angeles' most active cultural and entertainment hubs. Exposition Park is home to BMO Stadium, the California Science Center, the Natural History Museum, and the California African American Museum, creating long-term demand drivers tied to education, employment, recreation, and tourism. The location also benefits from access to the Metro E Line through Expo Park/USC Station, connecting tenants to Downtown Los Angeles, Santa Monica, and the broader Metro system. In addition to its immediate fundamentals, the property stands to benefit from continued investment in the surrounding area. Exposition Park is also the future home of the Lucas Museum of Narrative Art, scheduled to open in 2026, adding anot
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Laundry None
Exterior
Parking Features No Parking
Pool None
Building
Water District - Public
Others
Tax ID 5054023032
Special Listing Condition Not Applicable
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