1439 E 22nd Street, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$789,000
1439 E 22nd Street, Los Angeles, California 90011
0Bed
0Bath
2,259Sqft
5,684Lot
Year Built
1923
Close
-
List price
$789K
Original List price
$799K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25038940
Home ConditionPoor
Features
Good View:
Patio
View-
About this home
Discover an excellent investment opportunity! Attention first-time investors and seasoned landlords! This fully occupied duplex offers a fantastic opportunity to start or expand your rental portfolio. With 6 bedrooms, 3 bathrooms, and 2,259 sqft of living space, this property provides immediate rental income with two tenants already under lease agreements. Conveniently located in Los Angeles 90011, close to major freeways like the 10 & 110 Freeway, schools like USC, Mt. St Mary's University, and convenient accessibility to Metro public transit. This property offers long-term investment potential in a high-demand rental market. Do not disturb tenants. Drive-by only—contact the listing agent for details.
Nearby schools
5/10
Twentieth Street Elementary School
Public,•K-5•0.2mi
4/10
Nevin Avenue Elementary School
Public,•K-5•0.6mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.7mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.8mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.9mi
2/10
Harmony Elementary School
Public,•K-5•1.0mi
4/10
Ascot Avenue Elementary School
Public,•K-5•1.2mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.3mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.6mi
2/10
Hooper Avenue Elementary School
Public,•1-5•1.7mi
2/10
Holmes Avenue Elementary School
Public,•K-6•1.8mi
2/10
Aurora Elementary School
Public,•K-5•1.8mi
5/10
Lillian Street Elementary School
Public,•K-6•2.3mi
5/10
Estrella Elementary School
Public,•K-5•2.4mi
5/10
Pacific Boulevard School
Public,•K-5•2.5mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.3mi
3/10
George Washington Carver Middle School
Public,•6-8•1.3mi
6/10
Vernon City Elementary School
Public,•K-7•1.5mi
3/10
Los Angeles Academy Middle
Public,•6-8•2.1mi
3/10
Thomas A. Edison Middle School
Public,•6-8•2.6mi
3/10
Henry T. Gage Middle School
Public,•6-8•3.2mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.7mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.7mi
5/10
Santee Education Complex
Public,•9-12•1.0mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•2.4mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•2.6mi
4/10
Huntington Park Senior High School
Public,•9-12•2.9mi
3/10
John C. Fremont Senior High School
Public,•9-12•3.6mi
Price History
Date
Event
Price
01/29/14
Sold
$355,000
Condition Rating
Poor
The property was built in 1923 and the images show outdated bathrooms and kitchens. The overall condition appears to require substantial repairs and rehabilitation. The property is likely over 30 years old with no major renovations in recent decades.
Pros & Cons
Pros
Investment Opportunity: The property is a fully occupied duplex, providing immediate rental income and a strong foundation for building a rental portfolio.
High Rental Demand: Located in a high-demand rental market in Los Angeles 90011, ensuring long-term investment potential.
Convenient Location: Close proximity to major freeways (10 & 110), USC, Mt. St Mary's University, and Metro public transit, enhancing tenant appeal.
Size and Layout: Features 6 bedrooms and 3 bathrooms within 2,259 sqft, offering ample living space for tenants.
Income Generation: Two tenants are already under lease agreements, providing a steady stream of income from day one.
Cons
Age of Property: Built in 1923, the property may require ongoing maintenance and potential upgrades due to its age.
Drive-by Only: Limited access for viewing (drive-by only) may deter some potential buyers who prefer a thorough inspection before making an offer.
Tenant Occupied: The property is tenant-occupied, which may complicate the due diligence process and limit flexibility for immediate renovations or modifications.