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
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Listing Agent: Aaron Jacobson
Listing Office: Lyon Stahl Investment Real Estate, Inc.