Properties
Los Angeles, CA 90007 1420 W 22nd Street
$1,500,000
6 more
Presented By: Julie Tung with Real Broker; 626-340-3606
Baths • 4
SQFT • 2,443
Home Details
// PRICE IMPROVEMENT // Almost 8% CAP RATE with POSIVITE CASH FLOW!!! A prime investment opportunity in the heart of the USC rental market, this fully furnished property features a 5-bedroom, 4-bathroom single-family residence with updated electrical and plumbing systems in 2020 and a permitted 5-bedroom, 3-bathroom ADU, newly built in 2024 with paid off solar. Both units are fully furnished and leased to USC students.
Designed for maximum efficiency, the property includes separate electric meters, tenants are responsible for LADWP, SoCal gas, internet, trash and sewer. The paid-off solar panels further enhance cost savings, making this an even more attractive investment. A 2024 paved driveway offers six parking spaces, a rare and valuable feature in this high-demand area.
Located just minutes from USC, with easy access to shopping, dining, and major freeways, this turnkey rental offers amazing cap rate with room for increased returns. Don’t miss this rare opportunity to own a high-yield investment in one of Los Angeles’ strongest rental markets.
Presented By: Julie Tung with Real Broker; 626-340-3606
Interior Features for 1420 W 22nd Street
Other Interior Features
Air Conditioning Y/NYes
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Interior AmenitiesFurnished
Laundry FeaturesCommon Area
Total Stories1
Other Rooms
Entry Level1
General for 1420 W 22nd Street
AppliancesGas Oven, Gas Range, Refrigerator, Range Hood, Tankless Water Heater, Water Heater
Building Area UnitsSquare Feet
Cap Rate7.3
Carport Spaces6
Carport Y/NYes
CityLos Angeles
Community FeaturesSidewalks
CoolingDuctless
CountyLos Angeles
DirectionsS. Hoover St. and Vermont Ave.
ElectricStandard
Entry LocationFront
Garage Spaces
Garage Y/NNo
Gross Income140700
HOANo
HOA Fee$
HeatingDuctless
Insurance Expense2000
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Conventional
Lot Size Square Feet5893
Lot Size UnitsSquare Feet
MLS AreaC16 - Mid Los Angeles
MaintenanceExpense2000
Net Operating Income138700
New ConstructionNo
Number Of Units Total2
Operating Expense2000
Pool FeaturesNone
PossessionSee Remarks
PostalCityLOS ANGELES
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalSingle Family Residence
Property SubtypeSingle Family Residence
Property TypeResidential Income
Rent Control Y/NNo
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Lot25
Tenant PaysAll Utilities
Total Actual Rent140700
Trash Expense0
UtilitiesElectricity Available, Natural Gas Available, Sewer Available, Water Available
ViewNone
Year Built1901
Year Built SourcePublic Records
ZoningLARD2
Exterior for 1420 W 22nd Street
Building Area Total2443
FencingBrick, Wire
Lot Features2-5 Units/Acre
Lot Size Acres0.1353
Lot Size Area5893
Lot Size SourcePublic Records
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters2
Parking FeaturesDriveway
Private PoolNo
SpaNo
Total Parking6
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
