Description
USC Adjacent! Under $200/SF with ADUs! 1444 W 22nd
St is a value add 4-Plex comprised of (4) Massive 986
Sq. Ft 1-Bed/1-Bath units delivered with 1 vacancy.
These Huge units can be converted into 3-Bedroom
Units! The property has FULL RTI Approved Permits= for
(2) additional 1-Bed/1-Bath ADUs! With ADUs converting one unit into a 2-Bedroom, 1444 22nd
operates at a 9.21% Cap Rate (Pre Construction Costs).
Rare to find a property so close to USC with this much
upside and will stabilize near a 14% Cap Rate!
Using a conservative budget, after rehabbing the
available unit and building the 2 Approved ADUs, your
true cap rate will be over 7% before even touching the
occupied units. Give us a call and we can walk you
through this deal. You'll never find a USC DPS zone
multi-family at this Price per Square Foot Again.
Located in the 90007 Zip Code and in the USC DPS
Zone, the subject property is steps from USC, Banc of
California Stadium and the Los Angeles Coliseum.
THE SF REFLECTED REPRESENTS THE ADU CONVERSION
Location
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Listing Agent: Aaron Jacobson Courtesy of: Lyon Stahl Investment Real Estate, Inc. The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 22nd March, 2023 3:10 AM (UTC)
