Samimi CRE Advisors
    Listings/1545 W 22nd Pl
    1545 W 22nd Pl - Photo 1
    multifamilyActive Listing

    1545 W 22nd Pl

    Los Angeles, CA 90007

    Valuation

    $849,000

    Key Specifications

    Total Units

    4

    multifamily

    Year Built

    1913

    Heritage Asset

    Interior

    3,168 SF

    $268 / SF

    Lot Area

    4,214 SF

    Unit Mix

    multifamily

    3x 2-Bed/1-Bath, 1x 1-Bed/1-Bath

    Investment Highlights

    Delivered with one unit vacant at close of escrow.
    Incredible price per square foot!
    Walking distance from USC's University Park Campus in a strong Central Los Angeles rental corridor.
    Offered at only $212,250 per unit with 52% rental upside to pro forma rents.
    Attractive projected returns with a 9.55% Pro Forma Cap Rate and 7.99 Pro Forma GRM.
    Located near Exposition Park, BMO Stadium, museums.

    Property Overview

    DELIVERED WITH ONE UNIT VACANT AT CLOSE OF ESCROW. This 4-unit value-add asset is located within walking distance to USC and just minutes from the 10 Freeway, offering investors a strong rental location with long-term upside. The property is currently operating at a 5.67% cap rate and 12.12 GRM, with approximately 52% upside in rents. With one unit delivered vacant, a new owner has the opportunity to immediately renovate, lease at market, and begin capturing upside from day one. With a motivated seller, strong location fundamentals, and clear rental upside, this building is ready for a new owner to step in and take advantage of the long-term value-add opportunity.