1420 W 22nd ST, Los Angeles, CA 90007
1420 W 22nd ST, Los Angeles, CA 90007
1420 W 22nd ST, Los Angeles, CA 90007
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Chris & Michelle Mardelli

Chris & Michelle Mardelli

+1(626) 215-4105
$1,275,000
Est. payment /mo
10 Beds
7 Baths
2,443 SqFt
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,443 sqft

Price per Sqft $521

MLS Listing ID 26994683

Bedrooms 10

HOA Y/N No

Year Built 1901

Lot Size 5,893 Sqft

Property Description

Welcome to 1420-1422 W. 22nd Street, a turnkey student housing investment located within the USC DPS Patrol Zone, just minutes from the University of Southern California (USC). The property consists of a substantially renovated front residence and a newly constructed rear ADU, offering a total of 10 bedrooms, 7 bathrooms, and a strong 8.31% cap rate. Six on-site parking spaces, a rare offering in the area, provide a significant leasing advantage and added appeal for student renters. The front residence at 1420 W. 22nd Street has undergone extensive permitted improvements, including updated plumbing, electrical systems, and fully permitted bathroom renovations, and is configured as a 5-bedroom, 4-bathroom residence. Complementing the property is the newly constructed rear residence at 1422 W. 22nd Street, completed in 2024 and thoughtfully designed as a 5-bedroom, 3-bathroom ADU featuring modern construction, high-quality finishes, and minimal future capital expenditure. The entire exterior was also upgraded in 2024 with new hardscape and paving, creating an attractive, low-maintenance environment that enhances both curb appeal and tenant appeal. The property's efficient layout, modern improvements, and proximity to USC make it well suited for rent-by-the-room student housing, offering immediate cash flow in one of Los Angeles' strongest rental markets. Conveniently located near USC, USC Village, Exposition Park, and the Metro E Line, the property benefits from exceptional student housing demand driven by its walkable location and close proximity to campus. Buyer to verify all permits, square footage, and property information to their own satisfaction.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD2

Interior

Fireplace No

Exterior

Total Parking Spaces 6

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5055001022

Special Listing Condition Standard

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Listed by Adam Shamooelian Keller Williams Beverly Hills #02116849
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Chris & Michelle Mardelli

Broker Associate License ID: 01834969

+1(626) 215-4105 | chris@therealupside.com

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1420 W 22nd ST

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