1543 W 22nd Pl presents an opportunity to acquire a 4-unit value-add asset in a strong Central Los Angeles rental pocket near USC and Exposition Park. Offered at $849,000, or approximately $212,250 per unit, the property features attractive in-place income with meaningful upside through repositioning to market rents. Based on the offering figures provided, the asset is currently operating at a 4.78% cap rate and 13.16 GRM, with upside to a 9.41% pro forma cap rate and 8.09 pro forma GRM.
The property is well located near USC’s University Park Campus and Exposition Park, one of Los Angeles’ most active cultural and entertainment hubs. Exposition Park is home to BMO Stadium, the California Science Center, the Natural History Museum, and the California African American Museum, creating long-term demand drivers tied to education, employment, recreation, and tourism. The location also benefits from access to the Metro E Line through Expo Park/USC Station, connecting tenants to Downtown Los Angeles, Santa Monica, and the broader Metro system.
In addition to its immediate fundamentals, the property stands to benefit from continued investment in the surrounding area. Exposition Park is also the future home of the Lucas Museum of Narrative Art, scheduled to open in 2026, adding another major destination to the neighborhood. Combined with convenient access to the 10 and 110 Freeways and a unit mix that supports strong rental growth potential, 1543 W 22nd Pl offers investors the opportunity to acquire a well-located multifamily asset with both stable current income and compelling long-term upside.
Listed by Boris Almengor
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License #02092597
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Lyon Stahl Investment Real Est
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balmengor23@gmail.com
Listed by Cameron Samimi
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License #02035763
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Lyon Stahl Investment Real Est
Last updated April 20, 2026
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Source: CRMLS #PW26081006
Listing Facts
TypeMulti-family
NeighborhoodAdams - Normandie
Days on Prevu12
Location
Mortgage Calculator
Listing History
04/20/2026
Listed by Lyon Stahl Investment Real Est
$849,000
Property Details for 1543 W 22nd Place
Association
Amenities
Community Features: Urban
Exterior
Construction
Number Of Units Total: 4
Property Attached: Yes
Stories: 2
Stories Total: 2
Year Built: 1913
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Front
Measurements
Building Area Total: 3,168
Building Area Units: Square Feet
Lot Features: 0-1 Unit/Acre
Lot Size Acres: 0.09
Lot Size Area: 4,214
Lot Size Source: Assessor
Lot Size Square Feet: 4,214
Lot Size Units: Square Feet
Financial
Residential Income
Gross Income: $64,495.00
Operating Expense: $21,973.00
Taxes
Parcel Number: 5054023032
Other
Location
Tax Lot: 6
Utilities
Equipment
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 1543 W 22nd Place.
How does 1543 W 22nd Place compare to other multi-family homes in Adams - Normandie?
This multi-family home is listed 42% below the average price for multi-family homes in Adams - Normandie and has been on the market for 125 less days than the typical home in this area.
1543 W 22nd Place is a -bedroom multi-family home for sale in Los Angeles CA 90007. On Prevu for 12 days at $849,000. This home is located in Adams - Normandie. The median listing price for multi-family homes in this area is $1,300,000. 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.