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Listed by Daniel Lewin, DRE #01932742 • Younglewin Advisors, Inc.
$1,040,000
Est. payment /mo
6,209 Sqft Lot
New
1032 W 22nd ST Los Angeles, CA 90007
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26241158
Style Victorian
Year Built 1895
Lot Size 6,209 Sqft
Property Sub-Type Duplex
Source California Regional MLS
Property Description
Fully Leased USC-Area 2-Unit Property - Victorian Front House + 2018 ADU, 6.59% Current Cap Rate, 5-Minute Walk to USC. 1032 W. 22nd Street presents a 2-unit, 7-bedroom investment opportunity located a short 5-minute walk to the USC campus. The property consists of a classic 1895 Victorian front house configured as a 4 bed/4 bath and a detached 2018-built 3 bed/3 bath ADU, totaling approx. 2,014 SF on a 6,209 SF lot. Both units feature updated interiors with wood-style flooring, white cabinetry, and stainless steel appliances, and the front house includes in-unit laundry. The property is fully leased, providing immediate in-place income. Offered at $1,040,000, $520,000 per unit and $516 per square foot, at a 6.59% current cap rate and 10.13 GRM. Current rents total $8,556/month ($102,672/year), with projected market rents of $9,450/month ($113,400/year), reflecting a 9.17 GRM and 7.53% cap rate. As a 2-unit property, it may qualify for residential financing. Located within USC's DPS patrol zone and free Lyft ride zone, with easy access to Downtown LA, the 10 Freeway, the LA Convention Center, Exposition Park, the LA Memorial Coliseum, Banc of California Stadium, and the new Lucas Museum of Narrative Art, with the area set to host major events for the 2028 Olympic Games.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Rooms
Kitchen Dishwasher, Microwave, Oven Range - Gas, Refrigerator
Interior
Flooring Laminate
Laundry Other
Exterior
Pool None
Building
Lot Description Grade - Level
Story One Story
Water District - Public
Architectural Style Victorian
Others
Tax ID 5124006019
Special Listing Condition Not Applicable
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