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
DW25220866
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.

Price History

Date
Event
Price
09/22/25
Listing
$2,400,000
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 market44167
4%
Condition Rating
Excellent

This property is brand new construction, built in 2024, as explicitly stated in the description. The images confirm a pristine condition with modern finishes throughout, including contemporary white shaker-style kitchen cabinets, light countertops, new flooring (likely LVP), recessed lighting, and updated bathrooms with subway tile and modern vanities. All components are new and meet current quality standards, indicating no deferred maintenance.
Pros & Cons

Pros

Brand New Construction: Built in 2024, this property offers brand new construction, ensuring minimal immediate maintenance costs and modern appeal for tenants.
High-Yield Multi-Family Configuration: Comprising a triplex with two 7-bed/7-bath duplex units and a 3-bed/3-bath ADU, it offers significant rental income potential from 17 total bedrooms and bathrooms.
Prime Rental Market Location: Located in a 'hot rental area' of Los Angeles with high demand for multi-family units, facilitating easy lease-up and consistent occupancy.
Immediate Equity Opportunity: Listed at $2.4M, the property is offered at a 'huge discount' below its appraised value of $2.6M, providing potential immediate equity for the buyer.
Partial Occupancy & Income: The Accessory Dwelling Unit (ADU) is already leased, providing immediate, guaranteed income and cash flow upon acquisition.

Cons

Substantial Capital Investment: The $2.4M list price represents a significant upfront investment, which may limit the pool of potential buyers.
Extensive Buyer Due Diligence Required: The listing explicitly states that buyers must independently verify all information, placing a considerable burden and potential risk on the purchaser.
Unusual Listing Date Discrepancy: The 'on_market_date' and 'modified_timestamp' are listed in the future (2025), which could cause confusion or raise questions regarding the property's current availability or listing status.

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