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Listing Details

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School Ratings & Info

Description

I am pleased to present the opportunity to acquire 1732 West 20thStreet, an eight-unit, bungalow style apartment community located just east of Harvard Heights and south of Koreatown. The property offers investors a unique opportunity to acquire a renovated building with a stable operating history but remaining rental upside. Current ownership has extensively renovated six of the eight units at the property including new kitchen cabinets and countertops, new appliances, new bathrooms, new flooring and recessed lighting. Renovated units are achieving a rent premium of $712 over the average in-place rents. The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue renovating the remaining two units and achieve superior future returns moving forward make 1732 West 20th Street an excellent acquisition opportunity.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T23:25:41.927. 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 CENTURY 21 Jordan-Link & Co.. Licensed in the State of California, USA.
www.century21jordanlink.com/homes/117419353
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1732 W 20TH Street Los Angeles (City), CA 90007

  • Price: $1,725,000
  • Status: Active
  • Updated: 68 min ago
  • ID#: 21734454
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Beds
0
Baths
0
½ Baths
0.22
Acres
1924
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
I am pleased to present the opportunity to acquire 1732 West 20thStreet, an eight-unit, bungalow style apartment community located just east of Harvard Heights and south of Koreatown. The property offers investors a unique opportunity to acquire a renovated building with a stable operating history but remaining rental upside. Current ownership has extensively renovated six of the eight units at the property including new kitchen cabinets and countertops, new appliances, new bathrooms, new flooring and recessed lighting. Renovated units are achieving a rent premium of $712 over the average in-place rents. The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue renovating the remaining two units and achieve superior future returns moving forward make 1732 West 20th Street an excellent acquisition opportunity.
Exterior Features

Parking Features None

Property Features

Gross Income 133015 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 85060 Senior Community YN No Special Listing Conditions Standard Zoning Lard1.5

Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T23:25:41.927. 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 CENTURY 21 Jordan-Link & Co.. Licensed in the State of California, USA.
 
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CENTURY 21 Jordan-Link & Co.
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Visalia CA, 93277