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:
New Construction: The property is a brand new construction, minimizing maintenance costs and maximizing tenant appeal.
Top Cons:
Verify Information: The listing advises buyers to independently verify all information, suggesting potential inaccuracies in the provided details.

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: The property is newly built in 2024. The images show modern kitchens and bathrooms with new appliances and fixtures. The flooring and overall finish appear to be of high quality and in excellent condition.
Year Built
2024
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
$434
HOA
-
Days on market
-
Sold On
-
MLS number
DW25160431
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 with an Outstanding cap rate of 9.334% 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 with an Outstanding cap rate of 9.334% 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

The property is newly built in 2024. The images show modern kitchens and bathrooms with new appliances and fixtures. The flooring and overall finish appear to be of high quality and in excellent condition.
Pros & Cons

Pros

New Construction: The property is a brand new construction, minimizing maintenance costs and maximizing tenant appeal.
High Cap Rate: The property boasts an outstanding cap rate of 9.334%, indicating strong potential for return on investment.
Fully Leased: The property is currently fully leased, providing immediate income for the investor.
Desirable Unit Mix: The property features a mix of duplex units and an ADU, offering diverse rental options.
High Rental Demand Area: Located in a hot rental area, ensuring ease of leasing and consistent occupancy.

Cons

Verify Information: The listing advises buyers to independently verify all information, suggesting potential inaccuracies in the provided details.
Discounted Price: The listing highlights a 'Huge Discount,' which may indicate underlying issues or market concerns.
Limited Information: Lack of detailed information about the specific leases in place (terms, tenants, etc.) requires further due diligence.
Browse Properties by State Browse housing market trends by state