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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$1,040,000

Est. payment - /mo

7 Beds

7 Baths

6,209 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26241158

Bedrooms 7

Lot Size 6,209 Sqft

Lot Dimensions 50 x 124

Property Sub-Type Res Income 2-4 Units

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. Some photos have been virtually enhanced.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Approx. 5-minute walk north of USC campus

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 5124006019

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

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Listed by Daniel Lewin, DRE#01932742 Younglewin Advisors, Inc.

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker License ID: 01405369

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1032 W 22nd Street Los Angeles, CA 90007

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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