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 immediate maintenance, and strong appeal to prospective tenants.
Top Cons:
Niche Tenant Demographic: The high bedroom/bathroom count per duplex unit (7 beds/7 baths) may target a specific co-living or group housing market, potentially narrowing the tenant pool or increasing management complexities.

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 brand new construction, built in 2024. The images confirm a modern aesthetic with new white shaker cabinets, contemporary bathrooms with subway tile, new laminate/LVP flooring throughout, and recessed lighting. All components are new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' condition 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
DW25131571
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:Property is fully 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 brand new construction, built in 2024. The images confirm a modern aesthetic with new white shaker cabinets, contemporary bathrooms with subway tile, new laminate/LVP flooring throughout, and recessed lighting. All components are new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' condition criteria.
Pros & Cons

Pros

Brand New Construction: Built in 2024, this property offers modern amenities, minimal immediate maintenance, and strong appeal to prospective tenants.
Immediate Rental Income: The property is fully leased, providing instant cash flow and demonstrating proven market demand from day one.
Significant Value Proposition: Appraised at $2.6M and listed at $2.4M, the property offers a substantial discount, presenting an opportunity for immediate equity gain.
Strategic Rental Market Location: Located in a 'hot rental area' of Los Angeles, ensuring high demand for multi-family units and potential for consistent rental growth.
High-Capacity Multi-Unit Design: A triplex configuration with a total of 17 bedrooms and 17 bathrooms maximizes rental income potential and caters to a diverse tenant base, including co-living arrangements.

Cons

Niche Tenant Demographic: The high bedroom/bathroom count per duplex unit (7 beds/7 baths) may target a specific co-living or group housing market, potentially narrowing the tenant pool or increasing management complexities.
Limited Outdoor Space: With 5,536 sqft of living space on a 6,013.1 sqft lot, the high building-to-lot ratio suggests minimal private outdoor amenities for tenants, which can be a drawback in an urban setting.
MLS Area Ambiguity: The '699 - Not Defined' MLS area may require additional due diligence for precise comparative market analysis and a thorough understanding of specific neighborhood trends.
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