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1026 W 22nd St
Los Angeles, CA 90007
18 Units | 5.5% Cap Rate | 13.39 GRM · Multifamily Property For Sale
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18 Units
Investment Highlights
- Located in the Desirable DPS Patrol Zone
- 18-Unit Value-add Investment, Located Minutes to Campus
- Located Just a Few Miles From the Lively Downtown Los Angeles Restaurant and Bar Scene, Staples Center, LA Live, and Convention Center
- About 50% Upside In Current Rents
- Current 5.5% Cap Rate | 13.39 GRM
- Opportunity to Implement Renovation Plan by Improving Unit Interiors, Common Areas, and Community Deck.
Property Facts
| No. Units | 18 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 12,315 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1911 |
| Zoning | RD1.5, Los Angeles - HPOZ, North University Park. | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 12,315 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1911 |
| Zoning | RD1.5, Los Angeles - HPOZ, North University Park. |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- Laundry Facilities
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 550 |
| 1+1 | 9 | - | 800 |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Number | 5124-006-018 | Improvements Assessment | $1,379,570 |
| Land Assessment | $2,440,778 | Total Assessment | $3,820,348 |
Property Taxes
Parcel Number
5124-006-018
Land Assessment
$2,440,778
Improvements Assessment
$1,379,570
Total Assessment
$3,820,348
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