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1732 W 20TH St

Los Angeles, CA 90007
  • $1,675,000
  • STATUS: Closed
  • ON SITE: 503 Days
  • ID#: 21-734454
Sold - 12/29/2021
$1,675,000
SOLD - 12/29/2021
  • 8
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,888
    SQFT
  • $0
    $/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.

Sold by Sean Rosenzweig BRE#01406343 of Marcus & Millichap.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-10-06T09:42:40.977. 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.brandiprattrealestate.com/homes/117412403
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1732 W 20TH St Los Angeles, CA 90007

  • Price: $1,725,000
  • Status: Closed
  • On Site: 503 Days
  • Updated: 40 min ago
  • ID#: 21-734454
8
Beds
0
Baths
0
½ Baths
0.22
Acres
3,888
SQFT
$0
$/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 134395 Gross Operating Income 130364 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 86940.00 Number Of Buildings 3 Number Of Units 8 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 43424 Type Of Units Bungalow Year Built Source Assessor Zoning Lard1.5

Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap: 213-943-1800.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-10-06T09:42:40.977. 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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eXp Realty of California, Inc.
2603 Camino Ramon, Suite 200
San Ramon CA, 94583