1354 W 22nd Street, Los Angeles, California 90007, Los Angeles, 90007 - bed, bath
ACTIVE$1,100,000
1354 W 22nd Street, Los Angeles, California 90007
0Bed
0Bath
2,144Sqft
5,879Lot
Year Built
1922
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$513
HOA
-
Days on market
-
Sold On
-
MLS number
DW24025712
Home ConditionTear down
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.10M(50th), sqft - 2144(20th), beds - undefined(50th), baths - undefined(50th).
GREAT RENTAL INCOME INVESTMENT! Come and check out this TRIPLEX! 2 bedrooms/1 bath and 1 bedroom/1bath each on the other 2 units. ONLY a 5 min drive to USC! So much potential for growth and/or redevelopment! Near Freeways, transportation, and a growing area for developers!
Nearby schools
5/10
Vermont Avenue Elementary School
Public,•K-5•0.5mi
4/10
Norwood Street Elementary School
Public,•K-5•0.5mi
2/10
John W. Mack Elementary School
Public,•K-5•0.7mi
3/10
Lenicia B. Weemes Elementary School
Public,•K-5•1.1mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.9mi
4/10
John Adams Middle School
Public,•6-8•1.3mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.4mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.6mi
4/10
West Adams Preparatory High School
Public,•9-12•0.3mi
5/10
Foshay Learning Center
Public,•K-12•1.6mi
3/10
Manual Arts Senior High School
Public,•9-12•1.9mi
Price History
Date
Event
Price
02/05/24
Listing
$1,100,000
09/17/97
Sold
$125,000
Condition Rating
Tear down
Built in 1922, this property is over 100 years old with no visible signs of major renovations in the past 50 years. The exterior images show significant deferred maintenance, clutter, and general disrepair, including cracked concrete and an old window AC unit. The MLS description explicitly highlights 'potential for growth and/or redevelopment,' strongly suggesting the property's value lies in the land rather than the existing structures, which appear to be beyond practical repair or extensive modernization. The lack of interior photos prevents assessment of kitchens and bathrooms, but the exterior condition and age align with a tear-down classification.
Pros & Cons
Pros
Strong Rental Income Potential: As a triplex, the property is explicitly marketed as a 'GREAT RENTAL INCOME INVESTMENT,' offering multiple income streams and diversified tenancy.
Prime University Proximity: Its location 'ONLY a 5 min drive to USC!' makes it highly attractive for student housing, faculty, or staff, ensuring consistent demand and premium rental rates.
Redevelopment and Growth Opportunity: The property offers 'So much potential for growth and/or redevelopment' in a 'growing area for developers,' indicating significant future appreciation and value-add possibilities.
Excellent Accessibility: Being 'Near Freeways, transportation' provides convenient access to major routes and public transit, a key advantage in Los Angeles.
Multi-Unit Investment: As a triplex, it provides inherent risk diversification compared to a single-family home, with the ability to generate income from multiple tenants simultaneously.
Cons
Age of Property: Built in 1922, the property is over 100 years old, which typically implies potential for significant deferred maintenance, outdated systems (plumbing, electrical), and higher renovation costs.
Unspecified Current Condition/Required Upgrades: While highlighting 'potential for growth and/or redevelopment,' the description does not detail the current condition of the units, suggesting they may require substantial renovation or modernization to maximize rental value.
Limited Bathroom Count Per Unit: Each unit, including the 2-bedroom unit, has only one bathroom, which can be a drawback for tenants and potentially limit rental appeal or achievable rent compared to properties with more modern bathroom configurations.