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
DW25108727
Home ConditionExcellent
Features
Patio
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 Note:ADU is leased. 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 (24 Listings)
Beds00
Baths00
Square foot5,5361,988
96%
Lot Size6,0135,364
80%
Price$2.4M$710K
96%
Price per square foot$434$349
76%
Built year20241923
92%
HOA
Days on market173167
52%
Condition Rating
Excellent

The property was built in 2024, making it a brand new construction. The images show modern kitchens and bathrooms with new appliances and fixtures. The flooring and overall finishes appear to be of high quality and in excellent condition.
Pros & Cons

Pros

New Construction: The property is a brand new construction (built in 2024), minimizing immediate maintenance concerns and appealing to tenants seeking modern amenities.
High Rental Demand Area: Located in a hot rental area, ensuring high demand and ease of leasing for all units.
Multi-Family Investment: The property consists of a duplex and an ADU, providing multiple income streams and diversification of rental opportunities.
Large Unit Sizes: Each duplex unit features 7 bedrooms and 7 bathrooms, while the ADU has 3 bedrooms and 3 bathrooms, attracting larger families or groups.
Appraisal Value: The property was recently appraised at $2.6M, indicating potential for immediate equity and a strong investment opportunity at the current list price of $2.4M.

Cons

ADU Already Leased: The ADU is already leased, limiting immediate flexibility for owner-occupancy or adjusting rental strategies for that unit.
Verify Information: The listing advises buyers to independently verify all information, suggesting potential discrepancies or uncertainties regarding square footage, lot sizes, income, and expenses.
Discount Reason Unknown: The listing highlights a 'Huge Discount' without explicitly stating the reason, which may raise concerns for potential buyers and require further investigation.

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