We are pleased to offer the opportunity to acquire this two (2) building student housing portfolio on 1415 W. 22nd Street & 1421 W. 22nd Street, located in the DPS patrol zone, and close proximity to the University of Southern California (USC). The investment consists of two (2) contiguous 3-unit apartment buildings (6 units total), built recently in 2002. The properties feature a unit mix of one (1) 3 bedroom + 2 bathroom unit, as well as two (2) 1 bedroom + 1 bathroom units. The investment also allows the opportunity to further increase cash flow by adding Accessory Dwelling units (ADU's- Buyer to Verify) in the rear of the oversized 12,287 sqft lot. Given the location, attractive local area amenities, and opportunity to increase rental income, this investment presents an excellent opportunity for an investor to acquire a unique portfolio in the attractive USC submarket that will provide exponential returns with value add upside. Both properties are being sold contiguously (Total Price: $2,095,000).
Property Details
Property Features
Property Information:
Year Built: 2002
Stories: 2
Living Area: 2,189 SqFt
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Adam Shamooelian
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 5
Lot Features
Lot Information:
Lot Size: 0.14 Acres
School Info
Assigned Schools Information:
West Adams Preparatory High School, Public District Grades 9-12
Foshay Learning Center, Public District Grades KG-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
John Adams Middle School, Public Magnet Grades 6-8
Studio, Public District Grades 6-8
Vermont Avenue Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
Directions: 1415 W. 22nd Street, 90007 | 1421 W. 22nd Street, 90007
Price Information
Listing Price Info
Price Summary:
List Price: $1,047,500
Price Per SqFt: $479/SqFt
Tax Information:
Annual Amount: $10,062
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $71.5K more than the Median Sold Price and $149/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #22218859
Listing Office:
Office Name: Keller Williams Beverly Hills
Office Phone: (310) 432-6400
Listing Agent: Adam Shamooelian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/30/2024, 4:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
May 02, 2002
May 02, 2002Home Sold
$282,500
May 02, 2002
May 02, 2002Home Sold
$282,500
Mar 17, 2000
Mar 17, 2000Home Sold
$120,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$10,062
$820,232
2020
$9,766
$811,823
2019
$5,544
$795,906
2018
$5,429
$437,338
2017
$5,429
$428,763
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Vermont Avenue Elementary School
1435 W 27th St
Distance between this listing and this school0.46 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.61 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school22.25 miles
Public Magnet Grades KG-5
Middle School
6
/10
John Adams Middle School
151 W 30th St
Distance between this listing and this school1.43 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school5.61 miles
Public District Grades 6-8
High School
2
/10
West Adams Preparatory High School
1500 W Washington Blvd
Distance between this listing and this school0.24 miles
Public District Grades 9-12
5
/10
Foshay Learning Center
3751 S Harvard Blvd
Distance between this listing and this school1.52 miles
Public District Grades KG-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school4.45 miles
Public Magnet Grades 9-12
Assigned Schools
4
/10
Vermont Avenue Elementary School
1435 W 27th St
Distance between this listing and this school0.46 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school4.61 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school22.25 miles
Public Magnet Grades KG-5
Assigned Schools
6
/10
John Adams Middle School
151 W 30th St
Distance between this listing and this school1.43 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school5.61 miles
Public District Grades 6-8
Nearby Schools
4
/10
Downtown Value
950 W Washington Blvd
Distance between this listing and this school0.59 miles
Public Charter Grades KG-8
Assigned Schools
2
/10
West Adams Preparatory High School
1500 W Washington Blvd
Distance between this listing and this school0.24 miles
Public District Grades 9-12
5
/10
Foshay Learning Center
3751 S Harvard Blvd
Distance between this listing and this school1.52 miles
Public District Grades KG-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school4.45 miles
The neighbors living near this home have an average income of $36,717. Typical income of Los Angeles, CA residents is less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1415 W 22nd St
What is the listing price of this property?
The listing price of 1415 W 22nd St property is $1,047,500.
What type of property is this?
The property 1415 W 22nd St is a house located in Los Angeles, California, 90007.
Is this property for sale now?
Active Listing: 1415 W 22nd St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1415 W 22nd St are: Vermont Avenue Elementary School: GreatSchools Rating 4/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Point Fermin Elementary School: GreatSchools Rating 6/10John Adams Middle School: GreatSchools Rating 6/10Studio: GreatSchools Rating 4/10West Adams Preparatory High School: GreatSchools Rating 2/10Foshay Learning Center: GreatSchools Rating 5/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $10,062 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on May 2, 2002 for $282,500. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1415 W 22nd St has 5 bedrooms and 4 bathrooms.
What is the square footage of this property?
The property 1415 W 22nd St is 2,189 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1415 W 22nd St is 2002.
This home is located at 1415 W 22nd St in Los Angeles, CA and zip code 90007 in the University Park neighborhood. This 2,189 square foot home, which was built in 2002, sits on a 0.14 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 17, 2022 and is currently priced at $1,047,500.
In March 2024 more than 628 listings in Los Angeles, CA were sold above the asking price. During the same period more than 196 listings were sold at asking price, while more than 579 were sold below. The inventory of homes for sale in Los Angeles, CA between February 2024 and March 2024 increased by 10.8%. The median list price of listings available in March 2024 was $975,970, while the average time on the real estate market was 34 days.
From Rocket Homes Real Estate and based on county public records data.