1543 W 22nd Place, Los Angeles, California 90007, Los Angeles, 90007 - bed, bath
ACTIVE$875,000
1543 W 22nd Place, Los Angeles, California 90007
0Bed
0Bath
3,168Sqft
4,214Lot
Year Built
1913
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
$276
HOA
-
Days on market
-
Sold On
-
MLS number
SB25049160
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $875.0K(20th), sqft - 3168(40th), beds - undefined(50th), baths - undefined(50th).
This curb appeal residential four units is located close to USC and 10 Freeway. 3units are 2/1bath and 1 unit is 1bed/1bath. Title shows 4bedroom 4bath. All units are fully occupied. Two story building with two units on each level. A spacious court area for the gathering, BBQ entertaining. Exterior stairs were recently redone. Convenient location for many dinning, retail stores, entertainment options. And also Staple ceter and downtown LA is just minutes away by car. Property is being sold in AS-IS condition. Please do not disturb occupants. Drive-by Only. Property to be shown with accepted offer.
Price History
Date
Event
Price
03/16/15
Sold
$515,000
09/26/13
Sold
$385,000
Condition Rating
Poor
Built in 1913 and sold 'AS-IS' with 'Drive-by Only' access, the property's interior, particularly the kitchen and bathrooms, appears extremely dated. Images reveal older cabinets, laminate countertops, white appliances, and linoleum flooring in the kitchen, and similarly outdated fixtures and finishes in the bathrooms. While exterior stairs were recently redone, the overall condition suggests major systems (plumbing, electrical) are likely original or very old, requiring substantial repairs and rehabilitation to meet modern standards and ensure safety and comfort. The property's age and lack of visible recent extensive renovations align with the 'poor' condition criteria, indicating significant capital expenditures will be needed.
Pros & Cons
Pros
Prime Urban Location: Strategically located near USC, the 10 Freeway, Downtown LA, and Staples Center, offering convenient access to employment, education, dining, retail, and entertainment, ensuring high tenant demand.
Fully Occupied Income Property: This quadruplex features four fully occupied units (three 2-bed/1-bath, one 1-bed/1-bath), providing immediate and stable rental income for investors.
Recent Exterior Upgrades: The exterior stairs have been recently redone, enhancing safety, curb appeal, and reducing immediate maintenance concerns for the buyer in this area.
Curb Appeal & Tenant Amenities: The property boasts good curb appeal and includes a spacious court area for gathering and BBQ entertaining, adding value and appeal for residents.
Diverse Unit Mix: The combination of 2-bedroom and 1-bedroom units caters to a broad tenant demographic, including students and young professionals, maximizing rental potential.
Cons
As-Is Sale Condition: The property is being sold in 'as-is' condition, which implies the buyer will assume responsibility for any necessary repairs, renovations, or deferred maintenance without seller contribution.
Restricted Due Diligence Access: Limited access to the property ('Drive-by Only,' showings with accepted offer) significantly hinders a buyer's ability to conduct thorough interior inspections and due diligence prior to making a firm commitment.
Historic Property Age: Built in 1913, the property is over a century old, suggesting potential for aging infrastructure (e.g., plumbing, electrical, roof) that may require significant capital expenditures in the future.