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$1,500,000

  • For Sale
  • Active
  • Multi-Family
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// PRICE IMPROVEMENT // Almost 8% CAP RATE!!! A prime investment opportunity in the heart of the USC rental market, this fully furnished property features a 5-bedroom, 4-bathroom single-family residence with updated electrical and plumbing systems in 2020 and a permitted 5-bedroom, 3-bathroom ADU, newly built in 2024 with paid off solar. Both units are fully furnished and leased to USC students. Designed for maximum efficiency, the property includes separate electric meters, tenants are responsible for LADWP, SoCal gas, internet, trash and sewer. The paid-off solar panels further enhance cost savings, making this an even more attractive investment. A 2024 paved driveway offers six parking spaces, a rare and valuable feature in this high-demand area. Located just minutes from USC, with easy access to shopping, dining, and major freeways, this turnkey rental offers amazing cap rate with room for increased returns. Don't miss this rare opportunity to own a high-yield investment in one of Los Angeles' strongest rental markets.

Full Property Details for 1420 W 22nd St

General

  • Price: $1,500,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: TR25171507
  • Updated: 12/30/2025
  • Days on Market: 170 days
  • Added to Site: 170 day(s) ago

Interior

  • Rooms/Areas: Converted Bedroom, Kitchen
  • Interior Features: Furnished
  • Fireplace(s): None
  • Appliances: Gas Oven, Gas Range, Range Hood, Refrigerator, Tankless Water Heater, Water Heater
  • Flooring: Laminate

Rooms

Other Rooms

  • Laundry: Common Area

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Parking Features: Driveway
  • Parking: Driveway

Location

  • Area: C16 - Mid Los Angeles
  • County: Los Angeles
  • Development Name: C16 - Mid Los Angeles
  • Driving Directions: S. Hoover St. and Vermont Ave.

Heating & Cooling

  • Cooling Type: Ductless
  • Heating Type: Ductless

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 2
  • # Gas Meters: 2
  • # Electric Meters: 2

Structural Information

  • Roof: Shingle
  • Entry Location: Front
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 2,443
  • Year Built: 1901

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 4
  • Bedrooms: 5

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 3
  • Bedrooms: 5

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.1353
  • Lot Size (Sq. Ft.): 5,893
  • Lot Size Source: Public Records
  • Zoning: LARD2
  • Lot Description: 2-5 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $614
  • Price Per Unit: 750000

Listed by Real Broker, Julie Tung

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Listing agent

— 1420 W 22nd St —

  • Julie Tung

    Real Broker

626-340-3606

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1420 W 22nd St

School District:Los Angeles Unified School District
NameGradesDistance
Vermont Avenue Elementary School
1435 West 27th Street, Los Angeles, CA 90007
K-50.4 mi
John Adams Middle School, Los Angeles, CA
151 West 30th Street, Los Angeles, CA 90007
6-81.4 mi
West Adams Preparatory High School
1500 West Washington Boulevard, Los Angeles, CA 90007
9-120.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1420 W 22nd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/16/2025
Price Reduced
$1,500,000
-6.25%
MLS
7/31/2025
Listed
$1,600,000
128.57%
MLS
11/05/2019
Sold
$700,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1420 W 22nd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,230
—
$739,604
-1%
2023
$9,262
5%
$744,546
2%
2022
$8,839
1%
$729,948
2%
2021
$8,728
—
$715,636
2%
2020
$8,717
68%
$700,000
69%
2019
$5,187
2%
$414,791
2%
2018
$5,077
2%
$406,659
2%
2017
$4,970
2%
$398,687
2%
2016
$4,851
1%
$390,870
2%
2015
$4,782
-30%
$385,000
-30%
2014
$6,865
104%
$546,463
111%
2013
$3,368
—
$258,743
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1420 W 22nd St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Real Broker, Julie Tung

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1420 W 22nd Street, Los Angeles, CA 90007 (MLS# TR25171507) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 1420 W 22nd Street is currently listed for $1,500,000 and was received on July 31, 2025. Want to learn more about 1420 W 22nd Street? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

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