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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 immediate maintenance, and strong tenant appeal, ensuring long-term durability and reduced operational costs.
Top Cons:
Data Inconsistencies & Future Dates: The 'on_market_date' and 'modified_timestamp' are listed in the future (2025), which is highly unusual for an active listing and requires immediate clarification. Additionally, the 'Huge Discount' claim is not supported by the identical list and original list prices.

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 description. The images confirm this, showcasing modern, clean finishes throughout, including light LVP flooring, white shaker cabinets, light countertops, subway tile in bathrooms, and recessed lighting. All components are new, meeting current quality standards with no signs of wear or 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
DW25186664
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
This property is a 'Brand New Construction' built in 2024, as explicitly stated in the description. The images confirm this, showcasing modern, clean finishes throughout, including light LVP flooring, white shaker cabinets, light countertops, subway tile in bathrooms, and recessed lighting. All components are new, meeting current quality standards with no signs of wear or 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 tenant appeal, ensuring long-term durability and reduced operational costs.
Outstanding Cap Rate: With a reported 9.334% cap rate, this investment property promises a strong return on investment, making it highly attractive for income-focused buyers.
Fully Leased with Immediate Income: The property is fully leased, providing immediate and stable rental income from day one, eliminating vacancy risk for the new owner.
Prime Rental Market Location: Situated in a 'hot rental area' of Los Angeles, the property benefits from high demand for multi-family units, ensuring consistent occupancy and potential for rent growth.
Diversified Multi-Unit Configuration: As a triplex with an ADU, offering a total of 17 bedrooms and 17 bathrooms across multiple units, it provides diversified income streams and significant rental capacity.

Cons

Data Inconsistencies & Future Dates: The 'on_market_date' and 'modified_timestamp' are listed in the future (2025), which is highly unusual for an active listing and requires immediate clarification. Additionally, the 'Huge Discount' claim is not supported by the identical list and original list prices.
High Density Per Unit Configuration: The duplex units are configured with 7 beds and 7 baths each, suggesting a very high-density living arrangement. This could attract a specific tenant demographic (e.g., co-living, student housing) that may lead to higher tenant turnover or increased management demands.
Buyer Due Diligence Emphasis: The listing explicitly states that 'Buyer(s) to independently verify all information,' which, while standard, is particularly critical given the stated appraisal value ($2.6M) and the 'Huge Discount' claim that doesn't align with the listed price, necessitating thorough independent verification of all financial and property details.
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