Skip To Content
    Return to Previous Page

    2422 Johnston St

    Los Angeles, CA 90031
    • $1,995,000
    • STATUS: Active
    • ON SITE: 30 days
    • ID#: 20-652362
    $1,995,000
    • 14
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,246
      SQFT
    • $319
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1986
    County:

    School Ratings & Info

    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

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-26T23:42:24.453. 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. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/111399973
    Print Image

    2422 Johnston St Los Angeles, CA 90031

    • Price: $1,995,000
    • Status: Active
    • ID#: 20-652362
    14
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    6,246
    SQFT
    $319
    $/SQFT
    1986
    Built
    Neighborhood:
    Lincoln Heights
    County:
    Los Angeles
    Area:
    Lincoln Heights
    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
    Exterior Features

    Lot Size Area 9915 Other Structures None Parking Garage None Total Parking 0

    Interior Features

    Baths Total 9.00 Cooling None Equipment None Heating None

    Property Features

    Assessed Total Value 854307 Gross Income 133920 Gross Operating Income 129902 Like Units1 4 Like Units2 5 Net Operating Income 77318.00 Number Of Buildings 1 Number Of Units 9 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 52584 Type Of Units 1 Bed/ 2 Bed Year Built Source Vendor Enhanced Zoning Lard3

    Listing provided courtesy of David Harrington DRE#01320460 of Matthews Real Estate Investment Services.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-11-26T23:42:24.453. 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. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-652362-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-652362-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_20-652362-2.jpg
    Logo
    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211