1380 E 22nd Street, Los Angeles, CA 90011 - Berkshire Hathaway HomeServices California Properties
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1380 E 22nd Street, Los Angeles, CA 90011

$895,000 Approx. USD 8 beds, 4 baths
2,610 sqft
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Listing Agent


Casey Lins | Casey.Lins@kidder.com
Lic#: 01902650
Broker: Courtesy of Kidder Mathews of California, Inc.

Co Listing Agent


Vincent Cook | vincent.cook@kidder.com
Lic#: 02012324
Broker: Courtesy of Kidder Mathews of California, Inc

Agent Remarks

We are proud to present 1380 E 22nd Street, a four-unit property located in the heart of Downtown Los Angeles priced at a 7.38% CAP on current rents. All units will be delivered with tenants in place. Located south of the 10 freeway and east of the 110 freeway, this property is located just minutes away from Downtown Los Angeles, Chinatown, to the Crypto.com Arena, The Convention Center, LAFC, The Coliseum, USC, Natural History Museum as well as a number of other tenant amenities and conveniences. The property consists of two separate duplexes comprising 2,610 rentable square feet built in 1927 which is situated on a 5,705 square foot lot with alley access. The unit mix consists of (1) three-bedroom one bath, (2) two-bedroom two-bath and (1) one-bedroom one bath unit. Priced attractively at a 7.38% CAP Rate and at 9.32X Gross on current rents, this opportunity presents 35% upside in rents to operate at a 10.87% CAP Rate and a 6.91 GRM at market. All units are tenant occupied with all units having been renovated except for the one bedroom. Contact the listing broker for additional information.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25510149
Price: $895,000
Beds: 8
Baths: 4
Built in 1927
2,610 sqft
1 story
0.13 acres
Lot size: 0.1310
County: Los Angeles
Zoning: LAR4
Parking description: None
MLS area: C42 - Downtown L.A.

Last Updated: 4/9/2025

 Days On Market (DOM): 56

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.020107, -118.250963.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
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