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    1452 W 20th Street

    Los Angeles (City), CA 90007
    • $1,394,000
    • STATUS: Active
    • ON SITE: 85 days
    • ID#: SR21032923
    Price Reduced
    UPDATED: 68 min ago
    $1,394,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,798
      SQFT
    • $291
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    MOTIVATED SELLER - Pleased to present the opportunity to acquire 20th STREET APARTMENTS. This offering encompasses eight (8) units plus one (1) non-conforming unit in the Harvard Heights Sub Market of Los Angeles just north of the 110 FWY. The secured access building is approximately 4,798 SF and sits on a 7,500 SF lot and not only provides secured parking for tenants but also generates additional income from neighbors who rent parking spaces. The building has three (3) updated units, laundry room, and some additional exterior and common area upgrades. The property has proven market rents of $1,350 for (0+1) and $1,495 for (JR 1+1) with an additional 39% of potential rental upside for the new owner. A new Buyer may consider/investigate converting additional units into JR 1+1 to achieve even more rental upside. This well located offering has great visibility and finds itself located near an abundance of amenities and businesses. Easy access to the 110 FWY and DTLA add an additional touch of convenience.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-14T21:37:22.697. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/114299432
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    1452 W 20th Street Los Angeles (City), CA 90007

    • Price: $1,394,000
    • Status: Active
    • Updated: 68 min ago
    • ID#: SR21032923
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,798
    SQFT
    $291
    $/SQFT
    1924
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    MOTIVATED SELLER - Pleased to present the opportunity to acquire 20th STREET APARTMENTS. This offering encompasses eight (8) units plus one (1) non-conforming unit in the Harvard Heights Sub Market of Los Angeles just north of the 110 FWY. The secured access building is approximately 4,798 SF and sits on a 7,500 SF lot and not only provides secured parking for tenants but also generates additional income from neighbors who rent parking spaces. The building has three (3) updated units, laundry room, and some additional exterior and common area upgrades. The property has proven market rents of $1,350 for (0+1) and $1,495 for (JR 1+1) with an additional 39% of potential rental upside for the new owner. A new Buyer may consider/investigate converting additional units into JR 1+1 to achieve even more rental upside. This well located offering has great visibility and finds itself located near an abundance of amenities and businesses. Easy access to the 110 FWY and DTLA add an additional touch of convenience.
    Exterior Features

    Lot Features Landscaped Number Of Separate Electric Meters 8 Open Parking Spaces 14 Parking Total 14 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 1 Common Wall

    Property Features

    Additional Parcels YN No Common Interest None Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 94805 Gross Scheduled Income 94805 Insurance Expense 0 Land Lease YN No Laundry Features Laundry Room Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 59528 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Operating Expense 42009 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lard 1.5

    Listing provided courtesy of Jared Levine of Keller Williams Realty Calabasas


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-14T21:37:22.697. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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