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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, this property offers modern amenities, minimal immediate maintenance, and strong appeal to prospective tenants, ensuring easy lease-up.
Top Cons:
High-Density Unit Configuration: The 7-bed/7-bath per duplex unit is highly specialized, potentially targeting a niche tenant demographic (e.g., co-living, student housing) which might lead to higher turnover or specialized management requirements.

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 a brand new construction, built in 2024. As such, all components, including the kitchen, bathrooms, appliances, flooring, and systems, are new or virtually new, meeting current quality standards with no deferred maintenance. The exterior images confirm a modern, newly built structure. While interior images are not provided, the explicit 'Brand New Construction' status ensures an excellent condition rating.
Year Built
2024
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
$434
HOA
-
Days on market
-
Sold On
-
MLS number
DW25078203
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 a brand new construction, built in 2024. As such, all components, including the kitchen, bathrooms, appliances, flooring, and systems, are new or virtually new, meeting current quality standards with no deferred maintenance. The exterior images confirm a modern, newly built structure. While interior images are not provided, the explicit 'Brand New Construction' status ensures an excellent condition rating.
Pros & Cons

Pros

Brand New Construction: Built in 2024, this property offers modern amenities, minimal immediate maintenance, and strong appeal to prospective tenants, ensuring easy lease-up.
Strong Rental Market & Location: Located in a 'hot rental area' of Los Angeles with high demand for multi-family units, indicating robust occupancy rates and rental income potential.
Significant Income Potential: A triplex configuration (duplex + ADU) with a total of 17 bedrooms and 17 bathrooms, including an already leased ADU, provides substantial and diversified rental income streams.
Potential for Immediate Equity: Appraised at $2.6M and listed at $2.4M, the property is offered at a 'huge discount,' suggesting immediate equity or a favorable entry price for investors.
Low Maintenance for Owner: Described as having 'little to no maintenance,' this property offers convenience and reduced operational costs for the owner, enhancing its investment appeal.

Cons

High-Density Unit Configuration: The 7-bed/7-bath per duplex unit is highly specialized, potentially targeting a niche tenant demographic (e.g., co-living, student housing) which might lead to higher turnover or specialized management requirements.
Undefined MLS Area: The '699 - Not Defined' MLS area may complicate precise market analysis and comparable property valuation for potential investors.
Buyer Due Diligence Emphasis: The explicit disclaimer requiring buyers to independently verify all information, especially income and expenses, highlights potential data gaps or uncertainties that necessitate thorough investigation.

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