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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$5,536/sqft
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 maintenance, and is explicitly stated to be easy to lease, appealing to both tenants and owners.
Top Cons:
Undefined MLS Area: The '699 - Not Defined' MLS area code could complicate accurate market analysis, comparable sales research, and potentially future valuation.

Compared to the nearby listings

Price:$2.40M vs avg $699.0K (+$1,701,000)97%
Size:5,536 sqft vs avg 2,076 sqft97%
Price/sqft:$434 vs avg $34079%

More Insights

Built in 2024 (2 years old).
Condition: This property is a brand new construction, built in 2024, as explicitly stated in the listing description. The images confirm this with modern, clean finishes throughout. The kitchens feature contemporary white shaker cabinets, light countertops, and new fixtures. Bathrooms are equally modern with white subway tile showers, new vanities, and fixtures. All components are new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria.
Year Built
2024
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
$434
HOA
-
Days on market
-
Sold On
-
MLS number
DW25108727
Home ConditionExcellent
Features
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.

Y
Yossmira Hernandez
Listing Agent
Condition Rating
Excellent
This property is a brand new construction, built in 2024, as explicitly stated in the listing description. The images confirm this with modern, clean finishes throughout. The kitchens feature contemporary white shaker cabinets, light countertops, and new fixtures. Bathrooms are equally modern with white subway tile showers, new vanities, and fixtures. All components are new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria.
Pros & Cons

Pros

Brand New Construction: Built in 2024, this property offers modern amenities, minimal maintenance, and is explicitly stated to be easy to lease, appealing to both tenants and owners.
High Income Potential: A triplex configuration (duplex + ADU) with a total of 17 beds and 17 baths, located in a high-demand rental area, with the ADU already leased, ensuring immediate cash flow.
Strategic Rental Market Location: Situated in a 'hot rental area' of Los Angeles, indicating strong tenant demand and potential for consistent occupancy and rental growth.
Significant Value Proposition: Advertised with a 'Huge Discount' and appraised at $2.6M while listed at $2.4M, suggesting potential immediate equity gain for the buyer.
Spacious & Modern Multi-Level Units: Offers substantial living space (5,536 sqft total) across three units, including tri-level duplex units, appealing to tenants seeking modern and ample accommodations.

Cons

Undefined MLS Area: The '699 - Not Defined' MLS area code could complicate accurate market analysis, comparable sales research, and potentially future valuation.
High-Density Unit Configuration: The 7-bed/7-bath per duplex unit setup suggests a very high-density living model, which may attract specific tenant demographics (e.g., students, co-living) and could lead to higher tenant turnover or management complexities.
Verification of Appraised Value: While advertised with a 'Huge Discount' and a $2.6M appraisal, buyers must independently verify these claims to confirm the actual market value and potential equity gain.
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