RealKey
‪(213) 433-7766‬

1241 W 22nd Street, Los Angeles, California 90007, Los Angeles, 90007 - bed, bath

1241 W 22nd Street, Los Angeles, California 90007 home-pic-0
ACTIVE$899,000
1241 W 22nd Street, Los Angeles, California 90007
0Bed
0Bath
2,946Sqft
4,998Lot
Year Built
1904
Close
-
List price
$899K
Original List price
$1.09M
Price/Sqft
$305
HOA
-
Days on market
-
Sold On
-
MLS number
PW25196292
Home ConditionExcellent
Features
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $899.0K(20th), sqft - 2946(40th), beds - undefined(50th), baths - undefined(50th).

***OWNER-OCCUPIED OPPORTUNITY***PRICED TO SELL*** Turnkey Investment Opportunity Just Steps from USC! Located within the USC Security Patrol Zone, this beautifully restored four-plex is a prime opportunity for investors or owner-occupants alike. Just minutes from USC, LA Memorial Coliseum, BMO Stadium, and the Natural History Museum, this centrally located property also provides easy access to Downtown Los Angeles. Anchored by a restored 2-bedroom, 2-bathroom unit. Inside, the home boasts an open concept floor plan with tasteful modern finishes throughout. The remodeled kitchen features brand-new cabinets and sleek countertops, perfect for today’s lifestyle. Enjoy year-round comfort with central A/C, and appreciate the convenience of in-unit laundry in a dedicated laundry room. The primary suite includes a built-in walk-in closet and a luxurious tiled shower with a niche designed for student convenience. Step outside from the living room to a serene private balcony, ideal for relaxing or entertaining. Additional features include: • New electrical and plumbing systems in the remodeled unit • One driveway parking space • Strong rental demand from USC students and faculty. This is an ideal low-maintenance property in a high-demand area. Don’t miss this chance to invest in one of LA’s most dynamic neighborhoods!

Nearby schools

4/10
Norwood Street Elementary School
Public,•K-5•0.4mi
5/10
Vermont Avenue Elementary School
Public,•K-5•0.6mi
2/10
John W. Mack Elementary School
Public,•K-5•0.8mi
3/10
Lenicia B. Weemes Elementary School
Public,•K-5•1.2mi
5/10
Menlo Avenue Elementary School
Public,•K-5•2.0mi
4/10
John Adams Middle School
Public,•6-8•1.2mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.3mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.8mi
4/10
West Adams Preparatory High School
Public,•9-12•0.4mi
5/10
Foshay Learning Center
Public,•K-12•1.7mi
3/10
Manual Arts Senior High School
Public,•9-12•2.0mi

Price History

Date
Event
Price
11/07/25
Price Change
$899,000-7.8%
10/09/25
Price Change
$975,000-7.1%
09/24/25
Price Change
$1,049,000-4.2%
09/01/25
Listing
$1,095,000
05/31/22
Sold
$995,000
02/25/99
Sold
$143,000
Condition Rating
Excellent
Despite being built in 1904, the property has undergone an extensive and recent renovation, as evidenced by the MLS description and images. The showcased unit features a completely remodeled kitchen with brand-new white shaker cabinets, sleek countertops, modern backsplash, and gold hardware. Bathrooms are luxurious with new tiling (subway, hexagonal, marble-look), modern fixtures (gold and chrome), and appear virtually new. The property boasts new hardwood-style flooring, recessed lighting throughout, central A/C, and new electrical and plumbing systems in the remodeled unit. These updates align perfectly with the 'extensively renovated within 5 years' criteria for an excellent rating, indicating minimal physical depreciation and meeting current quality standards.
Pros & Cons

Pros

Exceptional Location & Rental Demand: The property's prime location steps from USC, within the security patrol zone, and close to major attractions ensures strong, consistent rental demand from students and faculty, promising high income potential.
Turnkey & Modernized Main Unit: The primary 2-bedroom, 2-bathroom unit is beautifully restored with modern finishes, central A/C, in-unit laundry, and new electrical/plumbing, making it highly attractive and potentially low-maintenance for immediate occupancy or rental.
Income-Generating Quadruplex: As a four-plex, this residential income property offers diversified income streams, reducing risk and providing a robust investment opportunity for both investors and owner-occupants.
Significant Price Adjustment: Multiple price reductions from the original list price of $1.095M to $899,000, even below its 2022 sale price, indicate a motivated seller and a potential value-add opportunity for buyers.
Owner-Occupant Flexibility: The property is marketed as an 'owner-occupied opportunity,' allowing a buyer to live in a fully updated unit while generating substantial income from the other units, significantly offsetting their mortgage.

Cons

Limited Parking: With only one driveway parking space for a four-unit property in a dense urban area, parking availability is a significant drawback for tenants, especially those with vehicles.
Age of Structure & Potential for Unforeseen Costs: Built in 1904, despite renovations to one unit, the overall age of the building could lead to unexpected maintenance or repair costs for other units or the building's core infrastructure not explicitly mentioned as updated.
Uncertainty of Other Unit Conditions: The detailed description of renovations primarily focuses on 'the remodeled unit,' suggesting the other units within the four-plex may not be as extensively updated, potentially requiring future capital expenditure to maximize their rental income.

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 housing market trends by state