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$ 1,350,000
Est. payment | /mo
10 Beds
2,443 SqFt
$ 1,350,000
Est. payment | /mo
10 Beds
2,443 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,443 sqft
Price per Sqft $552
MLS Listing ID CL26858661
Bedrooms 10
HOA Y/N No
Year Built 1901
Lot Size 5,895 Sqft
Acres 0.14
Property Sub-Type OTHER
Property Description
Welcome to 1420-1422 W. 22nd Street, a turnkey student housing investment located within the USC DPS Patrol Zone, just minutes from the University of Southern California (USC). The property consists of a substantially renovated front residence and a newly constructed rear ADU, offering a total of 10 bedrooms, 7 bathrooms, 6 on-site parking spaces, and a strong 7.61% cap rate. The front residence at 1420 W. 22nd Street has undergone extensive permitted improvements, including updated plumbing, electrical systems, and fully permitted bathroom renovations, and is configured as a 5-bedroom, 4-bathroom residence. Complementing the property is the newly constructed rear residence at 1422 W. 22nd Street, completed in 2024 and thoughtfully designed as a 5-bedroom, 3-bathroom ADU featuring modern construction, high-quality finishes, and minimal future capital expenditure. The entire exterior was also upgraded in 2024 with new hardscape and paving, creating an attractive, low-maintenance environment that enhances both curb appeal and tenant appeal. The property's efficient layout, modern improvements, and proximity to USC make it well suited for rent-by-the-room student housing, offering immediate cash flow in one of Los Angeles' strongest rental markets. Conveniently located near USC, USC Village, Exposition Park, and the Metro E Line, the property benefits from exceptional student housing demand driven by its walkable location and close proximity to campus. Buyer to verify all permits, square footage, and property information to their own satisfaction.
Location
State CA
County Los Angeles
Zoning LARD2
Interior
Fireplace No
Exterior
Total Parking Spaces 6
Building
New Construction No
Others
Tax ID 5055001022
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Listed by Adam Shamooelian • Keller Williams Beverly Hills
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