1256 W 22nd, Los Angeles, California 90007, Los Angeles, 90007 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90007
This 1901 quadruplex represents a High-Potential Investment Opportunity with a List Price of $875,000—positioned well above the $739,554 Fair Market Value. While the property requires significant capital expenditure given its Condition Rating of 5, it offers a strategic USC Security Patrol Zone location. The asset provides a clear path to forced appreciation through unit renovations and addressing non-payment issues. This is a long-term play for Buy-and-Hold Investors or Value-Add Developers seeking to maximize rental yields in a high-demand urban market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1256 W 22nd Subject | $875,000* List Price | 0 | 0 | 2,436 | $331 | - |
A 2107 S Union Avenue Active | $775,000 List Price | 0 | 0 | 2,683 | $289 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1901, this 120+ year old structure is explicitly marketed as a 'value-add' opportunity, indicating the need for significant rehab to achieve market rents. Exterior images show dated systems including window AC units and older electrical configurations, and the description confirms that units require renovation to reach their full potential.
Situated within the USC Security Patrol Zone and steps from the university, the property benefits from high rental demand and low vacancy rates driven by the student and faculty population.
With one unit currently eligible for eviction and the potential to renovate for higher market rents, investors have a clear path to increasing the property's capitalization rate and overall value.
As a quadruplex, this asset qualifies for favorable residential financing while providing the diversified income streams of a multi-family building in a prime Los Angeles rental market.
The property is subject to the LA City Rent Stabilization Ordinance (RSO), which limits annual rent increases and may prolong the timeline for achieving full market-rate potential.
Built in 1901, the property's age may lead to higher long-term maintenance costs and the need for infrastructure updates typical of century-old structures.
INCREDIBLE UPSIDE INVESTMENT OPPORTUNITY! Potential to build up to four (4) additional ADUs in the area currently designated for parking, creating significant future income potential Prime 4-unit investment opportunity just steps from USC and located within the USC Security Patrol Zone. This newly restored apartment building offers an exceptional location near USC, the LA Memorial Coliseum, BMO Stadium, the Natural History Museum, and Downtown Los Angeles. Subject to LA City RSO rent control, the property presents significant upside potential with one unit currently eligible for eviction due to non-payment. Based on comparable rentals in the area, a renovated unit may support substantially higher rental income. Ideal for investors or owner-occupants seeking a value-add opportunity with strong long-term cash flow potential in one of Los Angeles' most well-priced rental markets.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,436 | 2,250 |
| Lot Size | 5,859 | 5,864 |
| Price | $875.0K | $826.7K |
| Price per sq ft | $359 | $395 |
| Built year | 1901 | 1925 |
| HOA | $0 | $0 |
| Days on market | 41 | 83 |
Jun 11, 2026
$875,000
Initial Listing
Sep 28, 2021
$800,000
Public Record
Nov 25, 2003
$330,000
Public Record