Property Description

USC Adjacent! 1444 W 22nd St is a value add 4-Plex comprised of (4) Massive 986 Sq. Ft 1-Bed/1-Bath/Den units delivered with 1 being tenant ready. Plans for (2) additional 1-Bed/1-Bath ADUs will be delivered RTI by the close of escrow. This 4+2 Unit building is located just steps from USC and in the Universities Patrol Zone. With 50% of rental upside on existing units, this asset provides any investor with the opportunity to turn units, construct ADUs and operate close to a 9% cap rate. Offered at only $265/Sq. Ft, these massive units can be converted into either 2-Bed or 3-Bed units. With 1 unit delivered tenant ready, 1444 22nd gives an investor the freedom to renovate and add ADUs to their own choosing. 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.