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

1217 E 22nd St Street, Los Angeles, California 90011 home-pic-0
ACTIVE$2,400,000
1217 E 22nd St Street, Los Angeles, California 90011
0Bed
0Bath
5,536Sqft
6,013.1Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Brand New Construction: Built in 2024, this property offers modern amenities, minimal immediate maintenance, and strong tenant appeal for new units.
Top Cons:
Buyer Due Diligence Burden: The listing explicitly states buyers must independently verify all information, placing a significant responsibility on the purchaser and potentially indicating unverified details.

Compared to the nearby listings

Price:$2.40M vs avg $672.0K (+$1,728,000)96%
Size:5,536 sqft vs avg 2,042 sqft96%
Price/sqft:$434 vs avg $34573%

More Insights

Built in 2024 (1 years old).
Condition: This property is brand new construction, built in 2024, as explicitly stated in the listing and confirmed by the images. All components, including the kitchens and bathrooms, feature modern finishes such as white shaker cabinets, subway tile, new vanities, and light-colored LVP flooring throughout. There is no visible wear, tear, or deferred maintenance, indicating a property that is virtually new and meets current quality standards.
Year Built
2024
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
$434
HOA
-
Days on market
-
Sold On
-
MLS number
DW25243243
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.

Condition Rating
Excellent
This property is brand new construction, built in 2024, as explicitly stated in the listing and confirmed by the images. All components, including the kitchens and bathrooms, feature modern finishes such as white shaker cabinets, subway tile, new vanities, and light-colored LVP flooring throughout. There is no visible wear, tear, or deferred maintenance, indicating a property that is virtually new and meets current quality standards.
Pros & Cons

Pros

Brand New Construction: Built in 2024, this property offers modern amenities, minimal immediate maintenance, and strong tenant appeal for new units.
Strong Investment Potential: A multi-family triplex with an ADU in a high-demand rental area of Los Angeles, promising diversified income streams and easy lease-out.
Significant Value Proposition: Listed at $2.4M with an appraised value of $2.6M, indicating a potential immediate equity gain or a competitive purchase price.
High Capacity & Versatility: Totaling 17 bedrooms and 17 bathrooms across 5,536 sqft, the property can accommodate various rental strategies, including co-living or multiple large families.
Immediate Income Generation: The Accessory Dwelling Unit (ADU) is already leased, providing instant cash flow and reducing initial vacancy risk for the new owner.

Cons

Buyer Due Diligence Burden: The listing explicitly states buyers must independently verify all information, placing a significant responsibility on the purchaser and potentially indicating unverified details.
High Entry Price Point: The $2.4M list price represents a substantial capital investment, which may limit the pool of potential buyers to high-net-worth investors.
Lack of Detailed Amenities: The description focuses on unit count and size but lacks specifics on interior finishes, appliances, or additional features that could justify the premium or attract higher-paying tenants.

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