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1420 W 22nd Street, Los Angeles, California 90007, Los Angeles, 90007 - bed, bath

1420 W 22nd Street, Los Angeles, California 90007 home-pic-0
ACTIVE$1,500,000
1420 W 22nd Street, Los Angeles, California 90007
0Bed
0Bath
2,443Sqft
5,893Lot
Year Built
1901
Close
-
List price
$1.5M
Original List price
$1.6M
Price/Sqft
$614
HOA
-
Days on market
-
Sold On
-
MLS number
TR25171507
Home ConditionExcellent
Features
View-

About this home

Possibly Over-Priced:The estimated price is 4% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.50M(91th), sqft - 2443(64th), beds - undefined(9th), baths - undefined(9th).

// PRICE IMPROVEMENT // Almost 8% CAP RATE!!! A prime investment opportunity in the heart of the USC rental market, this fully furnished property features a 5-bedroom, 4-bathroom single-family residence with updated electrical and plumbing systems in 2020 and a permitted 5-bedroom, 3-bathroom ADU, newly built in 2024 with paid off solar. Both units are fully furnished and leased to USC students. Designed for maximum efficiency, the property includes separate electric meters, tenants are responsible for LADWP, SoCal gas, internet, trash and sewer. The paid-off solar panels further enhance cost savings, making this an even more attractive investment. A 2024 paved driveway offers six parking spaces, a rare and valuable feature in this high-demand area. Located just minutes from USC, with easy access to shopping, dining, and major freeways, this turnkey rental offers amazing cap rate with room for increased returns. Don’t miss this rare opportunity to own a high-yield investment in one of Los Angeles’ strongest rental markets.

Nearby schools

5/10
Vermont Avenue Elementary School
Public,•K-5•0.4mi
4/10
Norwood Street Elementary School
Public,•K-5•0.6mi
2/10
John W. Mack Elementary School
Public,•K-5•0.7mi
3/10
Lenicia B. Weemes Elementary School
Public,•K-5•1.0mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.9mi
4/10
John Adams Middle School
Public,•6-8•1.3mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.4mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.6mi
4/10
West Adams Preparatory High School
Public,•9-12•0.3mi
5/10
Foshay Learning Center
Public,•K-12•1.5mi
3/10
Manual Arts Senior High School
Public,•9-12•1.9mi

Price History

Date
Event
Price
09/17/25
Price Change
$1,500,000-6.3%
07/31/25
$1,600,000
12/30/19
Sold
$700,000
Condition Rating
Excellent
The property features a newly built (2024) ADU with a modern kitchen, new stainless steel appliances, contemporary cabinets, white countertops, wood-look flooring, recessed lighting, and mini-split AC, all in virtually new condition. The main residence also boasts updated electrical and plumbing systems from 2020, indicating significant recent renovations that meet current quality standards.
Pros & Cons

Pros

Exceptional Investment Opportunity: The property boasts an almost 8% CAP RATE and is explicitly marketed as a prime, high-yield investment in one of Los Angeles' strongest rental markets, offering immediate and significant returns.
Prime USC Rental Location: Strategically located just minutes from USC, ensuring consistent high demand from students and minimizing vacancy risk in a robust rental market.
Newly Built ADU & Recent Updates: Features a newly built (2024) permitted 5-bedroom, 3-bathroom ADU with paid-off solar, alongside updated electrical and plumbing (2020) in the main residence, significantly enhancing value and reducing future capital expenditures.
Turnkey & Efficient Management: Both units are fully furnished and currently leased to USC students. Separate electric meters and tenant responsibility for all utilities (LADWP, gas, internet, trash, sewer) streamline management and maximize net operating income.
Ample On-Site Parking: A newly paved driveway (2024) provides six parking spaces, a rare and highly valuable amenity in this dense urban area, particularly for student tenants.

Cons

Age of Original Structure: The main residence was built in 1901, and while updated, the underlying older construction may present unforeseen maintenance challenges or limitations not addressed by recent system upgrades.
Listing Price Above Estimated Value: The current listing price is 4% above the property's estimated value, which may require strong justification to potential buyers or limit immediate equity gain.
Lack of Desirable Views: The property description explicitly states 'None' for views, which could be a minor drawback for some buyers seeking aesthetic appeal beyond investment potential.

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