1217 E 22nd St Street, Los Angeles, California 90011, Los Angeles, - bed, bath

home-pic
ACTIVE$2,400,000
1217 E 22nd St Street, Los Angeles, California 90011
0Bed
0Bath
5,536Sqft
6,013.1Lot
Year Built
2024
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
DW25026595
Home ConditionExcellent
Features
View-

About this home

Huge Discount! Don’t miss your chance at a Brand New Construction Multi Family Investment Property appraised at $2.6M. 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 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.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (23 Listings)
Beds00
Baths00
Square foot5,5362,022
96%
Lot Size6,0135,364
79%
Price$2.4M$710K
96%
Price per square foot$434$348.5
79%
Built year20249615962
96%
HOA
Days on market267177
83%
Condition Rating
Excellent

The property is brand new construction (built in 2024). The images show modern kitchens and bathrooms with new appliances and fixtures. The overall quality appears to be excellent, with no signs of deferred maintenance.
Pros & Cons

Pros

New Construction: Brand new construction property, minimizing maintenance and maximizing tenant appeal.
High Rental Demand: Located in a hot rental area with high demand for multi-family units, ensuring easy leasing.
Strong Income Potential: The property features a duplex with two 7-bed/7-bath units and an additional ADU with 3 beds/3 baths, offering significant income potential.

Cons

Verify Information: Buyer is responsible for independently verifying all information, including square footage and lot size.
Discounted Price: The listing highlights a 'huge discount' from a $2.6M appraisal, which may raise questions about the current market value or potential issues.

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