1420 W 22nd Street, Los Angeles, CA 90007
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1420 W 22nd Street,Los Angeles, CA 90007
$1,275,000
- 10 Beds
- - Baths
- 2,443 sq. ft.
- Multi-family
- Active
Listed by: adam shamooelian
Office: keller williams beverly hills
MLS#:CL26994683
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$1,275,000
- Price per sq. ft.:$521.9
About this home
Welcome to 1420-1422 W. 22nd Street, a turnkey student housing investment located within the USC DPS Patrol Zone, just minutes from the University of Southern California (USC). The property consists of a substantially renovated front residence and a newly constructed rear ADU, offering a total of 10 bedrooms, 7 bathrooms, and a strong 8.31% cap rate. Six on-site parking spaces, a rare offering in the area, provide a significant leasing advantage and added appeal for student renters. The front residence at 1420 W. 22nd Street has undergone extensive permitted improvements, including updated plumbing, electrical systems, and fully permitted bathroom renovations, and is configured as a 5-bedroom, 4-bathroom residence. Complementing the property is the newly constructed rear residence at 1422 W. 22nd Street, completed in 2024 and thoughtfully designed as a 5-bedroom, 3-bathroom ADU featuring modern construction, high-quality finishes, and minimal future capital expenditure. The entire exterior was also upgraded in 2024 with new hardscape and paving, creating an attractive, low-maintenance environment that enhances both curb appeal and tenant appeal. The property's efficient layout, modern improvements, and proximity to USC make it well suited for rent-by-the-room student housing, offering immediate cash flow in one of Los Angeles' strongest rental markets. Conveniently located near USC, USC Village, Exposition Park, and the Metro E Line, the property benefits from exceptional student housing demand driven by its walkable location and close proximity to campus. Buyer to verify all permits, square footage, and property information to their own satisfaction....
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Home facts
- Year built:1901
- Listing ID #:CL26994683
- Added:8 day(s) ago
- Updated:October 09, 2026 at 03:07 PM
Rooms and interior
- Bedrooms:10
- Living area:2,443 sq. ft.
Structure and exterior
- Year built:1901
- Building area:2,443 sq. ft.
- Lot area:0.14 Acres
Finances and disclosures
- Price:$1,275,000
- Price per sq. ft.:$521.9
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