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Listed by Daniel Terrazas • VIP Real Estate Firm
$ 1,950,000
Est. payment /mo
Active
1514 East 22nd Street Los Angeles, CA 90011
4,615 SqFt
UPDATED:
01/18/2025 08:18 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,615 sqft
Price per Sqft $422
MLS Listing ID DW-24238017
Style Modern
Year Built 2024
Lot Size 5,666 Sqft
Property Description
Now for sale with the option to purchase fully leased at $12,000 per month. New modern West LA living near Downtown LA! Come and check out the this 3 unit ground up construction only 2.6 miles away from the Crypto arena and DTLA! This home is close to major transits...Only couple blocks from the Blue Line Station that has quick access to get to Downtown LA and Downtown Long Beach (76 Walk Score). This property is perfect investors who are LOOKING IN OPPORTUNITY ZONES! Yes that right, this property is located in an OZ. Investors get to enjoy a nice cash flow off this home with of a pro-forma of $150,000 in gross rents. Amazing est. 6 % CAP rate and a 12.6X GRM. Property has total of 12 bedrooms and 7 baths. First two units offer a 5 bedroom, 3 baths. ADU unit offers 2 bedroom and 1 bath with the garages on the bottom, perfect to build an additional unit once you buy it. This property has all the modern touches in today's market such as laminate flooring, balconies, recessed lighting, quarts countertops on kitchen, backsplash, central AC, washroom, PAID OFF solar systems, and very low expenses as all units have separate utilities including water meters. Near retailers include Autozone, Tacos Gavilan, Superior Grocers, Jersey Mike's Subs and many more. This by far is one of the best property in the neighborhood. Come check it out before is gone!
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Interior Features Balcony, Recessed Lighting
Heating Central
Cooling Central Air
Flooring Laminate
Fireplaces Type Dining Room
Laundry Individual Room
Exterior
Exterior Feature Rain Gutters
Parking Features Gated
Garage Spaces 2.0
Pool None
Community Features Sidewalks
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer