#DW25118400, Daniel Han, Listing office: Premier Realty
#TR25171507·
Listing office: Partner Real Estate·
Listing agent: Julie Tung·
Listing office phone: 626-340-3606
$1,600,000 List price
1420 W 22nd St Los Angeles, CA 90007
0.1 acres
House
Property details
About 1420 W 22nd St
Attention investors! 7.3% 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 leased to USC students. Designed for maximum efficiency, the property includes separate electric meters, with tenants 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.
Highlights
Home typeSingle Family Residence
HeatingDuctless
StatusActive
CoolingDuctless
Lot size0.1353 Acres
Year built1901
ParkingDriveway
MLS #TR25171507
Summary
- Appliances: Gas Oven, Gas Range, Refrigerator, Range Hood, Tankless Water Heater, Water Heater
- Flooring Type: Laminate
- Interior: Furnished
- Fireplace: None
- Private Pool: No
- Parking: Driveway
- Heating: Ductless
- Cooling: Ductless
- List Price: $1,600,000
- HOA Amount: $0
- Annual Tax Amount: $9,113
- Tax Year: 2024
- Directions: S. Hoover St. and Vermont Ave.
- Year Built: 1901
- Stories: 1
- Lot Size: 0.1353 Acres
- MLS Number: TR25171507
- MLS Name: CRMLS
- Office Name: Partner Real Estate
- Office Phone: (626) 340-3606
- Listing Agent: Julie Tung
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/1/2025, 5:15:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 30, 2019 | Home Sold | $700,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $725,103 | $9,113 |
| 2023 | $744,546 | $9,262 |
| 2022 | $729,948 | $8,838 |
| 2021 | $715,636 | $8,728 |
| 2020 | $700,000 | $5,186 |
| 2019 | $414,791 | $5,076 |
| 2018 | $406,659 | $4,969 |
| 2017 | $398,687 | $4,969 |
History based on county public records data.
Nearby schools
6
Vermont Avenue Elementary
Public District KG-5
0.4 mi
•1435 W 27th St
4
Magnolia Avenue Elementary School
Public District PK-5
0.5 mi
•1626 Orchard Ave
5
Norwood Street Elementary School
Public District KG-5
0.6 mi
•2020 Oak St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $36,717. Typical income of Los Angeles, CA residents is less than $<35k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
48%
<35k
41%
35k-100k
9%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
43%
Single, No Kids
19%
Single, with Kids
18%
Married, No Kids
20%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
9%
12-17 yrs old
36%
18-34 yrs old
34%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Little Caesars
What do the neighbors drive?
Honda
Kia
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1420 W 22nd St
The listing price of 1420 W 22nd St property is $1,600,000.
The property 1420 W 22nd St is a house located in Los Angeles, California, 90007.
Active Listing: 1420 W 22nd St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1420 W 22nd St are: Vermont Avenue Elementary (GreatSchools Rating 6/10), Magnolia Avenue Elementary School (GreatSchools Rating 4/10), Norwood Street Elementary School (GreatSchools Rating 5/10), Camino Nuevo Elementary #3 (GreatSchools Rating 4/10), Downtown Value (GreatSchools Rating 4/10), Berendo Middle School (GreatSchools Rating 4/10), West Adams Preparatory High School (GreatSchools Rating 3/10), Alliance Gertz-Ressler Richard Merkin 6-12 Complex (GreatSchools Rating 6/10), Thirty-Second Street Usc Performing Arts (GreatSchools Rating 8/10).
According to the records, the last property tax for 2024 is $9,113 (source: MLS/based on county public records data).
The last sale was on December 30, 2019 for $700,000 (source: MLS/tax record).
The property at 1420 W 22nd St has 0 bathroom.
The year of construction for 1420 W 22nd St is 1901.
This home is located at 1420 W 22nd St in Los Angeles, CA and zip code 90007 in the University Park neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since August 1, 2025 and is currently priced at $1,600,000.
Los Angeles, CA housing market in July 2025 saw over 308 listings sold above listed price, more than 119 sold at listed price and over 413 sold below. The number of homes for sale in Los Angeles, CA increased by 11.6% between June and July 2025. In July 2025, listings were on the market for 37 days. During the same period, the median list price in this real estate market was $873,336.
From Rocket Homes Real Estate and based on county public records data.