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1452 W 20th Street

Los Angeles (City), CA 90007
  • $1,625,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: 22180272
UPDATED: 156 min ago
$1,625,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (213-943-1800)


Description

I am pleased to offer for sale a nine-unit apartment community located at 1452 West 20th Street. The subject property is located north of the University of Southern California, and just south of Koreatown. The property offers investors a unique opportunity to acquire a partially renovated building with a remaining rental upside and a strong value add component through the state's favorable ADU program. Situated on a 4,798 square foot parcel, the property comprises of eight studios and a one-bedroom unit. The property has 88% remaining rental upside through unit renovations to the remaining units. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and add additional units should allow for superior returns moving forward make 1452 West 20th Street an excellent acquisition opportunity

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T00:27:42.27. 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 Nest Real Estate. Licensed in the State of California, USA.
www.amayarealestategroup.com/homes/131024471
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1452 W 20th Street Los Angeles (City), CA 90007

  • Price: $1,625,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 156 min ago
  • ID#: 22180272
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1924
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
I am pleased to offer for sale a nine-unit apartment community located at 1452 West 20th Street. The subject property is located north of the University of Southern California, and just south of Koreatown. The property offers investors a unique opportunity to acquire a partially renovated building with a remaining rental upside and a strong value add component through the state's favorable ADU program. Situated on a 4,798 square foot parcel, the property comprises of eight studios and a one-bedroom unit. The property has 88% remaining rental upside through unit renovations to the remaining units. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and add additional units should allow for superior returns moving forward make 1452 West 20th Street an excellent acquisition opportunity
Exterior Features

Parking Features Uncovered Parking Total 14

Property Features

Association Fee 0 Gross Income 110676 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 65774 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lar4



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T00:27:42.27. 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 Nest Real Estate. Licensed in the State of California, USA.
 
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Nest Real Estate
21804 Cactus Ave ste 101
Riverside CA, 92518
Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (213-943-1800)