1444 W 22nd Street
Los Angeles, CA 90007

USC Adjacent! Under $200/SF with ADUs! 1444 W 22ndSt is a value add 4-Plex comprised of (4) Massive 986Sq. Ft 1-Bed/1-Bath units delivered with 1 vacancy.These Huge units can be converted into 3-BedroomUnits! The property has FULL RTI Approved Permits= for(2) additional 1-Bed/1-Bath ADUs! With ADUs converting one unit into a 2-Bedroom, 1444 22nd operates at a 9.21% Cap Rate (Pre Construction Costs).Rare to find a property so close to USC with this muchupside and will stabilize near a 14% Cap Rate!Using a conservative budget, after rehabbing theavailable unit and building the 2 Approved ADUs, yourtrue cap rate will be over 7% before even touching theoccupied units. Give us a call and we can walk youthrough this deal. You'll never find a USC DPS zonemulti-family at this Price per Square Foot Again.Located in the 90007 Zip Code and in the USC DPSZone, the subject property is steps from USC, Banc ofCalifornia Stadium and the Los Angeles Coliseum.THE SF REFLECTED REPRESENTS THE ADU CONVERSION