1680 W 22nd St - Apartments FOR SALE


Los Angeles, CA 90007- West Adams
$1,450,000 USD
310-382-6705
1680 W 22nd St, Los Angeles, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/9
null | 5.2% Cap Rate

1680 W 22nd St
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • Well-situated 6-Unit LA multifamily investment opportunity located in the heart of the fast-growing West Adams submarket.
  • Spacious Floor Plans averaging approximately 833 SF per unit.
  • Attractive Unit Mix consisting of (4) two-bedroom units , and (2) one-bedroom units.
  • Value-add potential with approximately 35% in upside in rents from current to market.
  • Surface Parking Lot for 6 with Ground-Up ADU Potential utilizing SB 1211 (Buyer to Verify)
  • USC Adjacent - USC boasts a graduate and undergraduate population of roughly 47,000 students in addition to approximately 25,000 faculty and staff.

OVERVIEW

Back on Market with New Pricing!! 1680 W. 22nd Street offers six well-designed units in the rapidly-growing and highly-desirable West Adams neighborhood. This 5,000 SF property features spacious floor plans averaging approximately 833 SF per unit, with a highly attractive unit mix of four 2-bedroom units and two 1-bedroom units. With approximately 35% upside in rents, investors will find strong value-add potential. The property also includes a surface parking lot with six spaces and potential for ADU development under SB 1211 (Buyer to investigate). Additional income is generated through on-site, seller-owned coin-operated laundry machines. The property is located just 1.4 miles from USC and its 47,000+ student population, along with 25,000 faculty and staff. This property offers strong rental demand and long-term growth potential.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

6

PRICE/UNIT

$241,667

CAP RATE

5.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

USC-Adjacent 6-Unit with Upside!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,643 SF

ZONING

R2-1-HPOZ

APN/PARCEL ID

5054-018-027

ASK ABOUT THIS PROPERTY

Everett WongGreysteelMore Info
310-382-6705

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Everett WongGreysteelMore Info
310-382-6705

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.