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1217 E 22nd St Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath

1217 E 22nd St Street, Los Angeles, California 90011 home-pic-0
ACTIVE$2,400,000
1217 E 22nd St Street, Los Angeles, California 90011
0Bed
0Bath
5,536Sqft
6,013.1Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Brand New Construction: Built in 2024, the property offers modern standards, minimal immediate maintenance, and strong appeal to prospective tenants, as explicitly stated 'little to no maintenance'.
Top Cons:
Unconventional Unit Configuration: The 7-bedroom, 7-bathroom layout for each duplex unit is highly specific, potentially narrowing the target tenant demographic to co-living groups or very large families, which might impact vacancy rates or management complexity.

Compared to the nearby listings

Price:$2.40M vs avg $672.0K (+$1,728,000)96%
Size:5,536 sqft vs avg 2,042 sqft96%
Price/sqft:$434 vs avg $34573%

More Insights

Built in 2024 (1 years old).
Condition: This property is brand new construction, built in 2024, which immediately qualifies it for an 'Excellent' rating. The images confirm modern, high-quality finishes throughout, including kitchens with white shaker cabinets, stainless steel appliances, light countertops, and subway tile backsplashes. Bathrooms feature contemporary vanities, new fixtures, and stylish tiling. All components are new, meeting current quality standards with no deferred maintenance, aligning perfectly with the criteria for an excellent condition property.
Year Built
2024
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
$434
HOA
-
Days on market
-
Sold On
-
MLS number
DW25048540
Home ConditionExcellent
Features
Patio
View-

About this home

Huge Discount! Don’t miss your chance at a Brand New Construction Multi Family Investment Property appraised at $2.6M. Duplex units are Tri-Level & the ADU is Two-stories. This project is located in a hot rental area. Location, location, location! Multi family units are in high demand in this area. This project being Brand New Construction, units are easy to lease out. Property has little to no maintenance; super convenient for the owner. Year Built 2024 -Front (Duplex 1217 & 1217 1/2) •Duplex (Each unit): 7 Beds 7 Baths X2 •3 stories •Each Duplex Unit approx.2,173.5 sqft X2 = 4,347 sqft -Rear (ADU 1219) •ADU: 3 Bedrooms 3 Bathrooms •2 story •1,189 sqft Total: 17 Bedrooms 17 Bathrooms Total approx. Living sqft: 5,536 Lot approx. sqft: 6,013.1 Note:ADU is leased. Buyer(s) to independently verify all information on this listing. Listing agent is not liable for any information that turns out incorrect. The accuracy of all information, regardless of source, including but not limited to square footages, lot sizes, income, and expenses, is deemed reliable but not guaranteed.

Condition Rating
Excellent
This property is brand new construction, built in 2024, which immediately qualifies it for an 'Excellent' rating. The images confirm modern, high-quality finishes throughout, including kitchens with white shaker cabinets, stainless steel appliances, light countertops, and subway tile backsplashes. Bathrooms feature contemporary vanities, new fixtures, and stylish tiling. All components are new, meeting current quality standards with no deferred maintenance, aligning perfectly with the criteria for an excellent condition property.
Pros & Cons

Pros

Brand New Construction: Built in 2024, the property offers modern standards, minimal immediate maintenance, and strong appeal to prospective tenants, as explicitly stated 'little to no maintenance'.
Strong Investment Potential: Positioned as a multi-family investment property in a 'hot rental area' with 'high demand' in Los Angeles, indicating robust income generation opportunities.
Significant Immediate Equity: Appraised at $2.6M but listed at $2.4M, suggesting a potential immediate equity gain of $200,000 or a 'Huge Discount' for the buyer.
High Rental Capacity: Comprising two 7-bedroom, 7-bathroom duplex units and a 3-bedroom, 3-bathroom ADU, totaling 17 bedrooms and 17 bathrooms, maximizing potential rental income.
Immediate Income Stream: The ADU is already leased, providing an instant and stable income stream for the new owner from day one.

Cons

Unconventional Unit Configuration: The 7-bedroom, 7-bathroom layout for each duplex unit is highly specific, potentially narrowing the target tenant demographic to co-living groups or very large families, which might impact vacancy rates or management complexity.
Extensive Buyer Due Diligence Required: The explicit disclaimer 'Buyer(s) to independently verify all information' places a significant burden on the purchaser, highlighting the need for thorough and potentially costly due diligence.
Lack of Detailed Feature Specification: While new construction is a strength, the listing lacks specific details on interior finishes, appliances, or additional amenities, which could be important for attracting and retaining high-quality tenants in a competitive market.

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