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.
Listed by Kent Tsen
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License #01883873
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Homequest Real Estate
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909-802-0082
Last updated September 30, 2024
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Source: CRMLS #OC24126298
Listing Facts
TypeMulti-family
NeighborhoodUniversity Park
Days on Prevu442
Amenities
Washer/Dryer
Parking
Location
Mortgage Calculator
Listing History
09/17/2024
Status changed to Active
$1,698,000
09/17/2024
Status changed to Removed from Feed
$1,698,000
07/13/2024
Status changed to Active
$1,698,000
07/12/2024
Status changed to Removed from Feed
$1,698,000
06/21/2024
Listed by Homequest Real Estate
$1,698,000
Property Details for 1276 W 22nd Street
Association
Amenities
Community Features: Storm Drain(s), Street Lights, Sidewalks, Urban
Exterior
Construction
Number Of Units Total: 4
Roof: Asphalt, Shingle
Stories: 2
Stories Total: 2
Year Built: 1905
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1
Measurements
Building Area Total: 3,700
Building Area Units: Square Feet
Lot Features: Flag Lot
Lot Size Acres: 0.13
Lot Size Area: 5,862
Lot Size Source: Assessor
Lot Size Square Feet: 5,862
Lot Size Units: Square Feet
Financial
Residential Income
Gross Income: $121,253.00
Operating Expense: $16,962.00
Taxes
Parcel Number: 5055019018
Interior
Features
Appliances: Gas Range, Dryer, Washer
Flooring: Laminate
Other
Location
Tax Block: 12
Tax Lot: 17
Parking
Parking
Open Parking Spaces: 5
Parking Features: On Site, Paved, Private, One Space
Parking Total: 5
Utilities
Equipment
Electric: Standard
Heating: Wall Furnace
Has Heating: Yes
Laundry Features: Common Area, Upper Level
Sewer: Public Sewer
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Water Source: Public
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for 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.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.