Price Reduction
Address
1452 W 20th Street Los Angeles, CA
Price
$ 1,475,000
Property Attributes
  • MLS#SR21032923
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid Los Angeles
  • Zip90007
  • Style
  • Price$ 1,475,000
  • Bedrooms9
  • Full Bathrooms9
  • Half Bathrooms0
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
Jared Levine with Keller Williams Realty Calabasas.
Data Source:
CRMLS
Property Description

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.

Price History
2/17/2021 Listed $1,495,000
3/1/2021 1% - $1,494,000
4/13/2021 2% - $1,475,000

General Features

Community Features Sidewalks
MLS Area C16 - Mid Los Angeles
Open Parking Spaces 14
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Terms Cash, Cash to New Loan, 1031 Exchange
Total Units 9
Virtual Tour http://www.jmlreg.com/1452w20th
Zoning LARD 1.5

Interior Features

Common Walls 1 Common Wall
Laundry Features Laundry Room

Exterior Features

Lot Features Landscaped
Lot Size Acres 0.17
Lot Size Area 7500
Lot Size Source Assessor
Lot Size Square Feet 7500
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 8
Number of Separate Gas Meters 8
Number of Separate Water Meters 1
Total Parking 14
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90007

Price
AVG $2.11M
$1.48M
Visits
AVG 20
15
Year Built
AVG 1925
1924
Walkscore
AVG 84
82
Data Provided by Walkscore ® not using MLS data

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