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1276 W 22nd St 4 Unit Apartment Building $1,811,882 CAD ($452,971 CAD/Unit) 4.65% Cap Rate Los Angeles, CA 90007



Investment Highlights
- Newer Mini Split AC/Heating Units
- Convenient location to USC
- Newer Double Pane Windows
Executive Summary
Positioned in the heart of Los Angeles’ University Park district, 1276 W 22nd Street presents a rare opportunity to acquire a large 4-unit multifamily property offering 3,700 square feet of living area and strong long-term growth potential. Originally built in 1905, this charming historic structure blends architectural character with modernized improvements, including recently replaced mini-split air conditioning systems that reduce maintenance costs and improve tenant appeal. Each unit enjoys functional layouts, and the property includes a dedicated laundry room with washer and dryer, plus six on-site parking spaces, a valuable commodity in this high-demand urban corridor. The location is a true driver of sustained rental performance. Situated just minutes from the University of Southern California (USC) which is home to over 40,000 students and steps from Exposition Park, the Natural History Museum, and the LA Memorial Coliseum, this property benefits from constant housing demand from students, faculty, and working professionals. The Expo Line light-rail station is within close distance, connecting residents directly to Downtown LA and Santa Monica, while the nearby I-10 Freeway provides fast access across the city. For investors, this property represents an excellent opportunity to stabilize, reposition, or hold for steady cashflow in one of Los Angeles’ most supply-constrained rental markets. With strong underlying land value, historic charm, and transit-oriented proximity to major employment and education hubs, 1276 W 22nd Street offers both immediate income potential and long-term upside in a neighborhood poised for continued growth.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$154,502
|
$41.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$154,502
|
$41.76
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$70,228
|
$18.98
|
| Net Operating Income |
$84,274
|
$22.78
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $154,502 |
| Annual Per SF | $41.76 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $154,502 |
| Annual Per SF | $41.76 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $70,228 |
| Annual Per SF | $18.98 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $84,274 |
| Annual Per SF | $22.78 |
Property Facts
| Price | $1,811,882 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $452,971 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 4.65% | Building Size | 3,700 SF |
| Gross Rent Multiplier | 12.6 | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1905 |
| Property Subtype | Apartment | Parking Ratio | 1.62/1,000 SF |
| Zoning | RD2 - Quadruplex 4 Units Any Combination | ||
| Price | $1,811,882 CAD |
| Price Per Unit | $452,971 CAD |
| Sale Type | Investment |
| Cap Rate | 4.65% |
| Gross Rent Multiplier | 12.6 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 3,700 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1905 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | RD2 - Quadruplex 4 Units Any Combination |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Dining Room
- Double Pane Windows
- Large Bedrooms
Site Amenities
- Laundry Facilities
- Individual Locking Bedrooms
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | - | 925 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5055-019-018 | Improvements Assessment | $488,003 CAD |
| Land Assessment | $1,431,483 CAD | Total Assessment | $1,919,485 CAD |
Property Taxes
Parcel Number
5055-019-018
Land Assessment
$1,431,483 CAD
Improvements Assessment
$488,003 CAD
Total Assessment
$1,919,485 CAD
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Coldwell Banker
1276 W 22nd St
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