CA > Los Angeles
Los Angeles, CA 90011,1380 E 22nd St
Los Angeles, CA 90011,1380 E 22nd St
Los Angeles, CA 90011,1380 E 22nd St
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$895,000
Est. payment /mo
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8 BD
4 BA
2,610 SqFt
New

1380 E 22nd St Los Angeles, CA 90011

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Ben Collinsworth

Ben Collinsworth

+1(702) 553-6827

UPDATED:

03/11/2025 10:56 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,610 sqft

Price per Sqft $342

MLS Listing ID 25510149

Bedrooms 8

Year Built 1927

Lot Size 5,705 Sqft

Acres 0.131

Property Sub-Type Multi-Family

Property Description

We are proud to present 1380 E 22nd Street, a four-unit property located in the heart of Downtown Los Angeles priced at a 7.38% CAP on current rents. All units will be delivered with tenants in place. Located south of the 10 freeway and east of the 110 freeway, this property is located just minutes away from Downtown Los Angeles, Chinatown, to the Crypto.com Arena, The Convention Center, LAFC, The Coliseum, USC, Natural History Museum as well as a number of other tenant amenities and conveniences. The property consists of two separate duplexes comprising 2,610 rentable square feet built in 1927 which is situated on a 5,705 square foot lot with alley access. The unit mix consists of (1) three-bedroom one bath, (2) two-bedroom two-bath and (1) one-bedroom one bath unit. Priced attractively at a 7.38% CAP Rate and at 9.32X Gross on current rents, this opportunity presents 35% upside in rents to operate at a 10.87% CAP Rate and a 6.91 GRM at market. All units are tenant occupied with all units having been renovated except for the one bedroom. Contact the listing broker for additional information.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features None

Building

Lot Description Single Lot

Story 1

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Kidder Mathews of California, Inc.

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Ben Collinsworth

Agent | RE.S.0180589

+1(702) 553-6827

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1380 E 22nd St