1543 W 22nd Place,Los Angeles, CA 90007
Los Angeles, CA 90007
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.
Details
| MLS # | PW26081006 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1913 |
| Days On Site | 140 |
| Listing Provided By | Lyon Stahl Investment Real Est | Boris Almengor |
Features
| SQ Feet | 3,168 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.10 |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|
Parking
| Parking Features | None |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90007 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90007) | |
Price: $849,000 low | high Med: $1,499,500 sqft: 3,168 low | high Med: 4,460 $ / sqft: $268 low | high Med: $347 On site: 140 low | high Med: 171.5 | |
Market Activity 90007
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90007 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90007) | |
Price: $849,000 low | high Med: $1,499,500 sqft: 3,168 low | high Med: 4,460 $ / sqft: $268 low | high Med: $347 On site: 140 low | high Med: 171.5 | |
