1420 W 22nd Street, Los Angeles, California 90007, Los Angeles, 90007 - 0 bed, 0 bath
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Los Angeles, California 90007
This High-Yield Student Housing Asset is listed at $1,500,000, representing a stabilized entry point near its $1,430,632 Fair Market Value. The property commands an Excellent Condition Rating thanks to a brand-new 2024 permitted ADU and a 2020-renovated main residence, totaling 10 bedrooms and 7 bathrooms. Featuring paid-off solar panels and six rare on-site parking spaces, the asset is optimized for the USC rental market with a nearly 8% CAP rate. This turnkey, fully furnished powerhouse is an ideal acquisition for Buy-and-Hold Investors or Institutional Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1420 W 22nd Street Subject | $1,500,000* List Price | 0 | 0 | 2,443 | $574 | - |
A 2302 S Budlong Avenue Active | $1,099,000 List Price | 4 | 2 | 2,416 | $455 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property qualifies as excellent due to the combination of a brand-new 2024 ADU and a main residence that underwent significant electrical and plumbing renovations in 2020. The inclusion of paid-off solar panels, a newly paved 2024 driveway, and turnkey, fully furnished interiors indicates that all major systems and cosmetic components are new or virtually new, meeting modern standards with no deferred maintenance.
The property boasts an impressive CAP rate of nearly 8% with positive cash flow, a rare find in the competitive Los Angeles rental market.
Features a 5-bedroom main residence and a newly built 2024 permitted 5-bedroom ADU, maximizing density and rental revenue with a total of 10 bedrooms.
Equipped with updated 2020 electrical and plumbing systems and paid-off solar panels, significantly reducing long-term maintenance and utility overhead.
The primary residence dates back to 1901, which may necessitate more frequent structural maintenance compared to modern builds despite recent system updates.
Operating as a high-occupancy student rental typically results in higher wear and tear and more frequent tenant turnover than traditional single-family leases.
Local public school ratings are generally low, which may restrict the property's future resale appeal to investors rather than owner-occupant families.
// PRICE IMPROVEMENT // Almost 8% CAP RATE with POSIVITE CASH FLOW!!! A prime investment opportunity in the heart of the USC rental market, this fully furnished property features a 5-bedroom, 4-bathroom single-family residence with updated electrical and plumbing systems in 2020 and a permitted 5-bedroom, 3-bathroom ADU, newly built in 2024 with paid off solar. Both units are fully furnished and leased to USC students. Designed for maximum efficiency, the property includes separate electric meters, tenants are responsible for LADWP, SoCal gas, internet, trash and sewer. The paid-off solar panels further enhance cost savings, making this an even more attractive investment. A 2024 paved driveway offers six parking spaces, a rare and valuable feature in this high-demand area. Located just minutes from USC, with easy access to shopping, dining, and major freeways, this turnkey rental offers amazing cap rate with room for increased returns. Don’t miss this rare opportunity to own a high-yield investment in one of Los Angeles’ strongest rental markets.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.5 | 13% |
| Baths | 0.0 | 2.5 | 13% |
| Square foot | 2,443 | 1,791 | 75% |
| Lot Size | 5,893 | 3,429 | 75% |
| Price | $1.50M | $809.5K | 88% |
| Price per sq ft | $614 | $508 | 75% |
| Built year | 1901 | 1906 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 265 | 184 | 88% |
Sep 17, 2025
$1,500,000
$1,600,000
-6% Price Drop
Initial Listing
Jul 31, 2025
$1,600,000
Initial Listing
Dec 30, 2019
$700,000
Public Record