1543 W 22nd Place, Los Angeles, CA 90007
1543 W 22nd Place, Los Angeles, CA 90007
1543 W 22nd Place, Los Angeles, CA 90007
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James Olvera

James Olvera

The Warburton Team

+1(909) 760-9091
$849,000
Est. payment /mo
4,212 Sqft Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26081006

HOA Y/N No

Year Built 1913

Lot Size 4,212 Sqft

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Interior

Fireplace No

Laundry None

Exterior

Parking Features None

Pool None

Community Features Urban

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5054023032

Acceptable Financing Cash, Cash to New Loan, Conventional, FHA

Listing Terms Cash, Cash to New Loan, Conventional, FHA

Special Listing Condition Standard

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Listed by Boris Almengor Lyon Stahl Investment Real Est balmengor23@gmail.com, DRE #02092597

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