1276 West 22nd Street

Los Angeles, CA 90007

$1,698,000
Price
8
Beds
6
Baths
3,700 Sq. Ft.
$459 / Sq. Ft.
3,700
Sq. Ft.
$459
per Sq. Ft.

Description

Investors, how would you like immediate positive income of roughly $12,500 per month on day one. This is a rare opportunity to invest in a quadplex in a prime location. The property is just minutes from the University of Southern California (USC), which has an enrollment of over 40,000 students. It is also close to Exposition Park, a popular tourist attraction that hosts museums, gardens, and a rose garden. The property is within easy walking distance of the Expo Line light rail station, which provides...Investors, how would you like immediate positive income of roughly $12,500 per month on day one. This is a rare opportunity to invest in a quadplex in a prime location. The property is just minutes from the University of Southern California (USC), which has an enrollment of over 40,000 students. It is also close to Exposition Park, a popular tourist attraction that hosts museums, gardens, and a rose garden. The property is within easy walking distance of the Expo Line light rail station, which provides convenient access to downtown Los Angeles and Santa Monica. In addition, the property has quick access to the 10 freeway, which provides a direct route to many popular destinations. The property is fully occupied, and tenants pay for all utilities. This is a great investment property in a desirable location.
  1. Listed by Kent Tsen • DRE #01883873 • Brokerage DRE #01812614 • Homequest Real Estate • 909-802-0082

Property Details for 1276 West 22nd Street

Parking Spaces Total
5
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3700
Assessor Parcel Number
5055-019-018
Property Attached YN
false
LISTING UPDATED: 07/07/2024 08:44 AM

Property Details for 1276 West 22nd Street

StatusActive
MLS #OC24126298
Days on Market183
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
Lot Size0.13 AC / 5,862 SF
CountyLos Angeles County

Building Information for 1276 West 22nd Street

Stories2Residences-Year Built1905Building Size-Lot Size0.13 AC / 5,862 SF

Property Information for 1276 West 22nd Street

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $121,253
  • Gross Scheduled Income: $125,244
  • Gross Operating Income: $121,253
  • Net Operating Income: $104,291
  • Current Financing: None
Expense Details
  • Operating Expense: $16,962
  • Fuel Expense: $0
  • Electric Expense: $4,635
  • Insurance Expense: $2,047
  • Professional Management Expense: $3,991
  • Trash Expense: $0
  • Water Sewer Expense: $4,280
  • Total Expenses: $16,962
Tax / Assessment Info
  • Tax Block: 12
  • Tax Tract Number: 10-11
  • Tax Census Tract: 2217.10
  • CFD/Mello-Roos Fee: $594
  • Tax Lot: 17
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Storm Drains, Street Lights, Urban
Property / Structure Info
Interior Features
  • Appliances: Gas Range
  • Equipment: Dryer, Dryer Included, Laundry Area, On Upper Level, Washer, Washer Included
  • Room Type: Entry
  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Upper Level, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Laminate
Exterior Features
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Security: Automatic Gate, Security Bars
  • Roof: Asphalt, Shingle
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Flag Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Parking Space, Private
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Paved, On Site, Parking Space, Private
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,900
  • Unit Type Total Rent: $2,900
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $3,000
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,637
  • Unit Type Total Rent: $1,637
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,900
  • Unit Type Total Rent: $2,900
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 0
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0
  • Number With Dishwasher: 0
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Carpet: 0
  • Number With Disposal: 4
  • Number With Drapes: 0
  • Number With Patio: 0
  • Number Wall AC: 4

Property History for 1276 West 22nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1276 West 22nd Street

Taxable ValueLand$1,001,288Additions$341,347Total$1,342,635
Tax Record2024$16,698 ($1,392 / month)
Home Facts
Total Finished SqFt3,700 SqFtAbove Grade Finished SqFt3,700 SqFtLot Size5,860 SqFtStyleQuadraplexYear Built1905ZoningLARD2CountyLOS ANGELESAPN5055-019-018

Schools near 1276 West 22nd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Norwood Street Elementary School
Public - K to 5
John Adams Middle School
Public - 6 to 8
West Adams Preparatory High School
Public - 9 to 12
Alliance Gertz-Ressler Richard Merkin 6-12 Complex
Charter - 6 to 12
Rating
School
Distance
Norwood Street Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

West Adams Preparatory High School
Public9 to 12

Alliance Gertz-Ressler Richard Merkin 6-12 Complex
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1276 West 22nd Street, Los Angeles, CA 90007

1276 West 22nd Street is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on June 19, 2024 by Homequest Real Estate, it's currently listed at $1,698,000. It has been on the market for a total of 183 days and was last sold on December 1, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Norwood Street Elementary School, John Adams Middle School and West Adams Preparatory High School. 1276 West 22nd Street is a 8-bed, 6-bath, 3,700 sqft multi-family home built in 1905.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Homequest Real Estate, Kent Tsen, DRE #01883873

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.