Los Angeles, CA 90011,1380 E 22nd ST
Los Angeles, CA 90011,1380 E 22nd ST
Los Angeles, CA 90011,1380 E 22nd ST
10
$895,000
$895,000
Est.Price: ?

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8 BD
4 BA
2,610 SqFt

1380 E 22nd ST Los Angeles, CA 90011

Est. payment /mo
SOLD DATE : 07/07/2025

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Key Details

Sold Price $895,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 2,610 sqft

Price per Sqft $342

MLS Listing ID 25510149

Sold Date 07/07/25

Bedrooms 8

HOA Y/N No

Year Built 1927

Lot Size 5,706 Sqft

Property Description

We are proud to present 1380 E 22nd Street, a four-unit property located in the heart of Downtown Los Angeles priced at a 7.38% CAP on current rents. All units will be delivered with tenants in place. Located south of the 10 freeway and east of the 110 freeway, this property is located just minutes away from Downtown Los Angeles, Chinatown, to the Crypto.com Arena, The Convention Center, LAFC, The Coliseum, USC, Natural History Museum as well as a number of other tenant amenities and conveniences. The property consists of two separate duplexes comprising 2,610 rentable square feet built in 1927 which is situated on a 5,705 square foot lot with alley access. The unit mix consists of (1) three-bedroom one bath, (2) two-bedroom two-bath and (1) one-bedroom one bath unit. Priced attractively at a 7.38% CAP Rate and at 9.32X Gross on current rents, this opportunity presents 35% upside in rents to operate at a 10.87% CAP Rate and a 6.91 GRM at market. All units are tenant occupied with all units having been renovated except for the one bedroom. Contact the listing broker for additional information.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR4

Interior

Fireplace No

Exterior

Parking Features None

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5119006020

Special Listing Condition Standard

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CRMLS – RECore
Listed by Casey Lins Kidder Mathews of California, Inc.
Bought with Saul Nunez EXCELLENCE RE REAL ESTATE

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