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    1452 W 20th Street

    Los Angeles, CA 90007
    • $1,350,000
    • STATUS: Active
    • ON SITE: 126 days
    • ID#: SR21032923
    Price Reduced
    UPDATED: 156 min ago
    $1,350,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,798
      SQFT
    • $281
      $/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 CRISNet MLS as of 2021-06-23T23:56:09.777. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-06-23T23:56:09.777. 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/114298361
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    1452 W 20th Street Los Angeles, CA 90007

    • Price: $1,350,000
    • Status: Active
    • Updated: 156 min ago
    • ID#: SR21032923
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,798
    SQFT
    $281
    $/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 Lot Size Area 7500.0000 Parking Total 14.00 Uncovered Spaces 14.00

    Interior Features

    Common Walls 1 Common Wall Laundry Features Individual Room Laundry YN Yes

    Property Features

    Additional Parcels YN No Community Features Sidewalks Electric Expense 0.00 Fuel Expense 0.00 Gross Income 94805.00 Gross Scheduled Income 94805.00 Insurance Expense 0.00 Land Lease YN No Net Operating Income 59528.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Operating Expense 42009.00 Pool Features None Pool Private YN No Professional Management Expense 0.00 Property Attached YN Yes Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 42009.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Zoning Lard 1.5

    Listing provided courtesy of Jared Levine, CA DRE# , of Keller Williams Realty Calabasas.


    Based on information from CRISNet MLS as of 2021-06-23T23:56:09.777. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-06-23T23:56:09.777. 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.
     
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    TruLine Realty
    2999 Overland Ave., Suite 116
    Los Angeles CA, 90064