Central LA
1452 W 20th Street
Los Angeles, California, 90007 United States

Sotheby's International Realty - Los Feliz Brokerage
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1452 W 20th Street

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.

Listing Courtesy of Keller Williams Realty Calabasas
 
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Amenities & Features

  • Listing Details
    • Property ID
      SR21032923
    • MLS#
      SR21032923
    • Property type
      Residential Income
    • Courtesy Of
      Listing Courtesy of Keller Williams Realty Calabasas
    • Status
      Available
    • Listing Price
      $1,495,000
    • Subdivision
      Not Applicable-C16
    • County
      Los Angeles County
    • School District
      Los Angeles Unified
  • Utilities & Building
    • Year Built
      1924
    • Lot Size Unit
      Acre(s)
    • Lot Size
      0.17