$3,000,000

Estimated payment $19,425/month

Total Views 1,797
23 Beds
18 Baths
12,816 Sq Ft
$234 Price per Sq Ft

Highlights

  • City View
  • Midcentury Modern Architecture
  • Laundry Room
  • 0.56 Acre Lot
  • Resident Manager or Management On Site
  • Gated Home

About This Home

We are pleased to present 1973-2015 W. 22nd Street, an 18-unit multifamily opportunity located in the heart of West Adams. The offering comprises two adjacent apartment buildings on one large parcel totaling 24,239 sf. The unit mix includes five (2-bedroom, 1-bath) and thirteen (1-bedroom, 1-bath) units. The unique lot offers parking for 28 individual vehicles allowing a new investor the opportunity to build additional units while preserving parking. This investment is being offered at a very attractive price per unit ($166,667) and price per square foot ($234). With nearly 70% upside in rents, this investment provides both a great basis with the ability to increase the cash flow to double digit returns.

Listing Agent

Will James

Lyon Stahl Investment Real Estate, Inc. License #01734419 Listed on: 06/24/2025

Lyon Stahl Investment Real Estate, Inc.

Co-Listing Agent

Peter James

Lyon Stahl Investment Real Estate, Inc. License #01748556

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.56 Acre Lot
  • South Facing Home
  • Gated Home

Home Design

  • Midcentury Modern Architecture
  • Split Level Home
  • Stucco

Interior Spaces

  • 12,816 Sq Ft Home
  • 2-Story Property
  • City Views
  • Oven or Range
  • Laundry Room

Bedrooms and Bathrooms

  • 23 Bedrooms
  • 18 Bathrooms

Home Security

  • Window Bars
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 28 Open Parking Spaces
  • 28 Parking Spaces
  • Assigned Parking

Location

  • City Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 5058-024-018

Community Details

Overview

  • 2 Buildings
  • 18 Units

Building Details

  • Rent Control
  • Vacancy Allowance $7,481

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 12816
  • Lot Acreage: 0.5565
  • Price Per Unit: 166667.00
  • Probate: No
  • Stories: 2
  • Year Built: 1964
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 23
  • Common Walls: Attached
  • Laundry: Community, Laundry Area
  • Laundry Equipment: Own
  • Total Bathrooms: 18.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 234.08

Exterior Features

  • Direction Faces: South
  • Construction: Stucco
  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Other Spaces: 28
  • Garage Structures: 0
  • Parking Garage: Assigned, Uncovered
  • Total Parking: 28

Utilities

  • Water Heater: Gas
  • Cooling: Wall/Window
  • Heating: Wall
  • Security: Gated, Carbon Monoxide Detector(s), Smoke Detector, Resident Manager, Exterior Security Lights, Window Bars
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 73.80
  • Assessed Improvement Value: 765644
  • Assessed Land Percent: 26.2
  • Assessed Land Value: 271788
  • Total Assessed Value: 1037432
  • Assessor Parcel Number: 5058-024-018
  • Lot Description: Single Lot
  • Lot Location: City
  • Lot Size Area: 24242

Rental Info

  • Total Actual Rent: 242108.00
  • Land Lease Type: Fee
  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.39
  • Number Of Units: 18
  • Rent Control: 100
  • Total Annual Expense: 110593
  • Type Of Units: apt
  • Vacancy Allow: 7481
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 For Sale $3,000,000 -- $234 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25555119

The MLS