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    1732 W 20TH St

    Los Angeles, CA 90007
    • $1,725,000
    • STATUS: Pending
    • ON SITE: 127 days
    • MLS #: 21-734454
    Pending
    UPDATED: 84 min ago
    $1,725,000
    • 8
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,888
      SQFT
    • $444
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    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 the Combined LA/Westside Multiple Listing Service as of 2021-09-25T18:42:37.39. 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.desertarealuxuryhomes.com/homes/117412403
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    1732 W 20TH St Los Angeles, CA 90007

    • Price: $1,725,000
    • Status: Pending
    • Updated: 84 min ago
    • MLS #: 21-734454
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    3,888
    SQFT
    $444
    $/SQFT
    1924
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    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

    Lot Size Area 6569 Other Structures None Parking Garage None Total Parking 0

    Interior Features

    Baths Total 8.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 864883 Gross Income 133015 Gross Operating Income 132355 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 85060.00 Number Of Buildings 3 Number Of Units 8 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 43325 Type Of Units Bungalow Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T18:42:37.39. 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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    74199 El Paseo, Suite 200
    Palm Desert CA, 92260