1543 W 22nd Pl - Multi-Family FOR SALE


Los Angeles, CA 90007- West Adams
$849,000 USD
310-259-7556
1543 W 22nd Pl, Los Angeles, CA for Sale
$849,000 USD
Multi-Family - FOR SALE
1/13
null | 4.78% Cap Rate

1543 W 22nd Pl
Los Angeles, CA 90007
West Adams


HIGHLIGHTS

  • Incredible price per square foot!
  • Approximately 1.5 miles from USC’s University Park Campus in a strong Central Los Angeles rental corridor
  • Offered at only $212,250 per unit with 63% rental upside to pro forma rents
  • Attractive projected returns with a 9.41% Pro Forma Cap Rate and 8.09 Pro Forma GRM

OVERVIEW

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 benefits from 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, giving the area 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 a chance to acquire a well-located multifamily asset with both stable current income and compelling long-term upside.

FOR SALE DETAILS

PRICE

$849,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

4

PRICE/UNIT

$212,250

CAP RATE

4.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1543 W 22nd Pl

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,214 SF

ZONING

LAR2

APN/PARCEL ID

5054-023-032

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.