1420 W 22nd Street
Los Angeles, CA, 90007
$1,600,000
Beds
0 Baths
SqFt
0.14 Acres
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Attention investors! 7.3% CAP RATE!!! 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 leased to USC students.

Designed for maximum efficiency, the property includes separate electric meters, with tenants 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.

Property Details

Price:
$1,600,000
MLS #:
TR25171507
Status:
Active
Baths:
0
Address:
1420 W 22nd Street
Type:
Residential Income
Subtype:
Single Family Residence
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Jan 5, 2025
State:
CA
ZIP:
90007
Lot Size:
5,893 sqft / 0.14 acres (approx)
Year Built:
1901
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Schools

Interior

Appliances
Gas Oven, Gas Range, Range Hood, Refrigerator, Tankless Water Heater, Water Heater
Cooling
Ductless
Fireplace Features
None
Flooring
Laminate
Heating
Ductless
Interior Features
Furnished

Exterior

Community Features
Sidewalks
Electric
Standard
Fencing
Brick, Wire
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre
Parking Features
Driveway
Parking Spots
6.00
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
All Utilities
Utilities
Electricity Available, Natural Gas Available, Sewer Available, Water Available

Map

Community

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Rover IDX
1420 W 22nd Street
Los Angeles, CA