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
DW25131571
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:Property is fully 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 market142168
32%
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, minimizing maintenance costs and maximizing appeal to tenants.
High Rental Demand Area: Located in a hot rental area, ensuring ease of leasing and potentially high occupancy rates.
Multi-Family Investment: Offers a diversified income stream with a duplex and an ADU, totaling 17 bedrooms and 17 bathrooms.
Appraised Value: The property was recently appraised at $2.6M, while the listing price is $2.4M, indicating a potential discount.
Fully Leased: The property is currently fully leased, providing immediate rental income for the buyer.

Cons

Verify Information: The listing emphasizes the buyer's responsibility to independently verify all information, potentially indicating uncertainty in the provided details.
Lot Size: The lot size is relatively small for a multi-family property with this many units, which could limit outdoor space and parking.
Discount Reason: The listing highlights a 'Huge Discount' without explicitly stating the reason, which may raise concerns about potential underlying issues.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State