Now for sale with the option to purchase fully leased at $12,000 per month. New modern West LA living near Downtown LA! Come and check out the this 3 unit ground up construction only 2.6 miles away from the Crypto arena and DTLA! This home is close to major transits…Only couple blocks from the Blue Line Station that has quick access to get to Downtown LA and Downtown Long Beach (76 Walk Score). This property is perfect investors who are LOOKING IN OPPORTUNITY ZONES! Yes that right, this property is located in an OZ. Investors get to enjoy a nice cash flow off this home with of a pro-forma of $150,000 in gross rents. Amazing est. 6 % CAP rate and a 12.6X GRM. Property has total of 12 bedrooms and 7 baths. First two units offer a 5 bedroom, 3 baths. ADU unit offers 2 bedroom and 1 bath with the garages on the bottom, perfect to build an additional unit once you buy it. This property has all the modern touches in today’s market such as laminate flooring, balconies, recessed lighting, quarts countertops on kitchen, backsplash, central AC, washroom, PAID OFF solar systems, and very low expenses as all units have separate utilities including water meters. Near retailers include Autozone, Tacos Gavilan, Superior Grocers, Jersey Mike’s Subs and many more. This by far is one of the best property in the neighborhood. Come check it out before is gone!
Listed by Daniel Terrazas
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License #02019893
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VIP Real Estate Firm
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310-730-9489
Last updated January 18, 2025
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Source: CRMLS #DW24238017
Listing Facts
TypeMulti-family
NeighborhoodCentral Alameda
Days on Prevu386
Amenities
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
01/16/2025
Price Increased
$1,950,000
01/14/2025
Status changed to Active
$1,900,000
01/14/2025
Status changed to Temporarily Off Market
$1,900,000
01/14/2025
Price Increased
$1,900,000
11/20/2024
Listed by VIP Real Estate Firm
$1,895,000
Property Details for 1514 E 22nd Street
Association
Amenities
Community Features: Sidewalks
Exterior
Construction
New Construction: Yes
Number Of Units Total: 3
Property Attached: Yes
Property Condition: Turnkey
Stories: 2
Stories Total: 2
Window Features: ENERGY STAR Qualified Windows
Year Built: 2024
Architectural Style: Modern
Common Walls: 1 Common Wall
Construction Materials: Drywall, Glass, Stucco, Wood Siding
Entry Level: 1
Entry Location: 3
Exterior Features: Rain Gutters
Features
Fencing: Security, Wrought Iron
Other Structures: Guest House Attached, Two On A Lot
Road Frontage Type: City Street
Measurements
Building Area Total: 4,615
Building Area Units: Square Feet
Lot Features: 0-1 Unit/Acre
Lot Size Acres: 0.13
Lot Size Area: 5,666
Lot Size Source: Assessor
Lot Size Square Feet: 5,666
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 6.0
Taxes
Parcel Number: 5118005017
Interior
Features
Fireplace Features: Dining Room
Fireplace: Yes
Flooring: Laminate
Interior Features: Balcony, Quartz Counters, Recessed Lighting, Primary Suite
Other
Location
Tax Lot: 119
Parking
Parking
Garage Spaces: 2
Garage: Yes
Open Parking Spaces: 4
Parking Total: 6
Utilities
Equipment
Cooling: Central Air
Has Cooling: Yes
Electric: 220 Volts
Heating: Central
Has Heating: Yes
Laundry Features: Laundry Room
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 1514 E 22nd Street.
Does this multi-family home have parking?
Yes, there are 2 parking spaces available for 1514 E 22nd Street.
How does 1514 E 22nd Street compare to other multi-family homes in Central Alameda?
This multi-family home is listed 128% above the average price for multi-family homes in Central Alameda and has been on the market for 264 more days than the typical home in this area.
1514 E 22nd Street is a -bedroom multi-family home for sale in Los Angeles CA 90011. On Prevu for 386 days at $1,950,000. This includes a recent price increase of $50,000. This home is located in Central Alameda. The median listing price for multi-family homes in this area is $750,000. The home offers air conditioning and parking. View other multi-family home listings in Los Angeles.
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.