Address
2422 Johnston Street Los Angeles, CA
Price
$ 1,995,000
Property Attributes
  • MLS#20652362
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaLincoln Hts
  • Zip90031
  • Style
  • Price$ 1,995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size9,914 SqFt
Listing Provided Courtesy Of:
David Harrington with Matthews Real Estate Investment Services.
Property Description

2422 Johnston St is a 9-unit apartment building built in 1986 located right off N Broadway and Johnston St steps away from various restaurants, eateries, and retailers. There are 5 Two Bedroom units and 4 One Bedroom units with parking for each unit in the back. This opportunity offers investors 55% upside in rents and allowable CA rental increases of 5% + CPI. Apart from the large upside in the rents, the area will continue to rapidly gentrify as retailers and businesses continue to flock to Lincoln Heights, which will lead to future rent growth and steady appreciation

Price History
10/27/2020 Listed $1,995,000

General Features

Cooling None
Directions 2422 Johnston St is on the corner of N Broadway and Johnston St in Lincoln Heights.
Heating None
Listing Agent David Harrington - BRE#01320460
Listing Agent State License 01320460
MLS Area 677 - Lincoln Hts
Parking Features None
Special Listing Conditions Standard
Total Units 9
Zoning LARD3

Interior Features

Total Stories 2

Exterior Features

Lot Dimensions 60x165
Lot Size Acres 0.2276
Lot Size Area 9915.0000
Lot Size Square Feet 9915.00
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90031

Price
AVG $1.55M
$2M
Visits
AVG 28
4
Year Built
AVG 1957
1986

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