Description
USC Adjacent! Under $200/SF with ADUs! 1444 W 22nd
St is a value add 4-Plex comprised of (4) Massive 986
Sq. Ft 1-Bed/1-Bath units delivered with 1 vacancy.
These Huge units can be converted into 3-Bedroom
Units! The property has FULL RTI Approved Permits= for
(2) additional 1-Bed/1-Bath ADUs! With ADUs converting one unit into a 2-Bedroom, 1444 22nd
operates at a 9.21% Cap Rate (Pre Construction Costs).
Rare to find a property so close to USC with this much
upside and will stabilize near a 14% Cap Rate!
Using a conservative budget, after rehabbing the
available unit and building the 2 Approved ADUs, your
true cap rate will be over 7% before even touching the
occupied units. Give us a call and we can walk you
through this deal. You'll never find a USC DPS zone
multi-family at this Price per Square Foot Again.
Located in the 90007 Zip Code and in the USC DPS
Zone, the subject property is steps from USC, Banc of
California Stadium and the Los Angeles Coliseum.
THE SF REFLECTED REPRESENTS THE ADU CONVERSION
Location
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Attribution contact: 310-729-1559
Listing Agent: Aaron Jacobson
Listing Office: Lyon Stahl Investment Real Estate, Inc.
