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628 W 22nd St

Los Angeles CA 90731

3
2
4999 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

--> $25K REDUCTION!󠃢󠂁󠂣󠃢󠂁󠂣󠃍󠂏󠃢󠂀󠂋󠃢󠂁󠂤󠃳󠂠󠂁󠂁 <-- PRIME TURNKEY COASTAL DUPLEX | PROVEN SHORT-TERM RENTAL (STR) INCOME & MASSIVE MARKET RENT UPSIDE. Attention Investors: Capitalize on a rare, high-yield opportunity in the direct path of progress. With zero deferred maintenance, this property offers flexible, high-ROI strategies: Established STR operation, or pivot to long-term tenants to capture upside in today's market rents. *** PROVEN INCOME & UPSIDE: This duplex boasts a highly successful, established 5-star multi-channel STR presence, offering a lucrative short-term or mid-term rental strategy right out of the gate with zero ramp-up time. Both units have been renovated to a standard that commands top-tier, premium market rents with massive upside potential to maximize your monthly cash flow well beyond standard pro-forma projections. *** THE ASSET: The Front Unit (2 Bed / 1 Bath) is designed for maximum return, featuring bespoke premium finishes, a stunning spa-inspired bathroom with a clawfoot tub, a cozy fireplace, and a massive Chef's Kitchen with a center island, ample cabinetry, a 6-burner stove with center grille, and dual ovens. The bedrooms are smartly separated for maximum privacy. The Rear Unit (1 Bed / 1 Bath + Bonus Room) features its own fireplace and direct access to the hardscape, backyard/patio area. The bonus room offers flexibility for a home office, making it highly attractive to remote-working tenants or higher-paying corporate rentals. *** VALUE-ADD ADU POTENTIAL: The property includes a THREE-CAR GARAGE, offering incredible potential for an ADU (Accessory Dwelling Unit) co --> $25K REDUCTION! <-- PRIME TURNKEY COASTAL DUPLEX | PROVEN SHORT-TERM RENTAL (STR) INCOME & MASSIVE MARKET RENT UPSIDE. Attention Investors: Capitalize on a rare, high-yield opportunity in the direct path of progress. With zero deferred maintenance, this property offers flexible, high-ROI strategies: Established STR operation, or pivot to long-term tenants to capture upside in today's market rents. *** PROVEN INCOME & UPSIDE: This duplex boasts a highly successful, established 5-star multi-channel STR presence, offering a lucrative short-term or mid-term rental strategy right out of the gate with zero ramp-up time. Both units have been renovated to a standard that commands top-tier, premium market rents with massive upside potential to maximize your monthly cash flow well beyond standard pro-forma projections. *** THE ASSET: The Front Unit (2 Bed / 1 Bath) is designed for maximum return, featuring bespoke premium finishes, a stunning spa-inspired bathroom with a clawfoot tub, a cozy fireplace, and a massive Chef's Kitchen with a center island, ample cabinetry, a 6-burner stove with center grille, and dual ovens. The bedrooms are smartly separated for maximum privacy. The Rear Unit (1 Bed / 1 Bath + Bonus Room) features its own fireplace and direct access to the hardscape, backyard/patio area. The bonus room offers flexibility for a home office, making it highly attractive to remote-working tenants or higher-paying corporate rentals. *** VALUE-ADD ADU POTENTIAL: The property includes a THREE-CAR GARAGE, offering incredible potential for an ADU (Accessory Dwelling Unit) conversion. This is a prime opportunity to increase unit density, add a third income stream, and significantly boost your overall CAP rate. The exterior grounds in front feature mature landscaping with an abundance of fruit trees (grapefruit, kumquat, lemon, cherry), adding significant curb appeal that keeps vacancy low and guest ratings high. *** THE APPRECIATION CATALYST: This duplex puts you right in the center of San Pedro's massive Waterfront renovation, with the highly anticipated West Harbor development. This billion-dollar project is driving explosive tenant demand and rapid property appreciation. Your tenants or guests will enjoy ultimate accessibility to artisan coffee shops, renowned seafood dining, boutiques, coastal nightlife, and major freeways. --> INVESTORS: Experience the layout instantly. A fully immersive 3D walkthrough + FLOORPLAN is available.

Features

3 bedrooms
2 bathrooms
4999 sq. ft. lot size
Multi-Family

Property history for 628 W 22nd St

2022
Sold
$750,000
08 Nov 2022 by Danielle Whitney Moore, of Keller Williams Realty

Happy sellers in Los Angeles

95%
95% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 8 reviews in Los Angeles over the last 12 months.

Local market activity for 3 bedroom multi families in Los Angeles

In the last 12 months, 6 three-bedroom multi families similar to 628 W 22nd St, have been sold.

This represents a 17% increase in three-bedroom multi families sales when compared to the previous 12 months.

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