Skip to main content

Multifamily

1452 W 20th St

1452 W 20th St, Los Angeles, CA 90007

Listing Price: $1,625,000

Cap Rate
4.05%
Number of Units
9
Price/Unit
$180,556
Price/Gross SF
$338.68
Gross SF
4,798

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a nine-unit apartment community located at 1452 West 20th Street. The subject property is located north of the University of Southern California, and just south of Koreatown. The property offers investors a unique opportunity to acquire a partially renovated building with a remaining rental upside and a strong value add component through the state’s favorable ADU program. Situated on a 4,798 square foot parcel, the property comprises of eight studios and a onebedroom unit. The property has 88% remaining rental upside through unit renovations to the remaining units. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and add additional units should allow for superior returns moving forward make 1452 West 20th Street an excellent acquisition opportunity.

Investment Highlights

  • While Current Ownership Has Completed Renovations to 44% of the Units, Investors will Have an Excellent Opportunity to Continue These Improvements in the Remaining Units and Capture Additional Rental
  • There are 14 Total Parking Spaces for Nine Units
  • Ownership Has Extensively Renovated Four Units with Laminated Floors, Stainless Steel Kitchen Appliances, New Refrigerator & Stove, New Cabinets & More
  • New Ownership has the Potential to Add Two Accessory Dwelling Units (ADU) to the Property Allowing for Added Future Growth and Appreciation Potential – Permits are Close to "RTI" Status
  • Current Ownership has Attentively Maintained the Property Which Has Very Little Deferred Maintenance
  • The Property is Located in a Gentrifying Pocket of Los Angeles. With a Walk Score of 81 'Very Walkable' - Residents Enjoy Convenient Access to Employment Centers, Retail, and Entertainment Options Within Koreatown & Downtown Los Angeles

Exclusively Listed By

Financing By

Multifamily

1452 W 20th St

Listing Price: $1,625,000

Cap Rate
4.05%
Number of Units
9
Price/Unit
$180,556
Price/Gross SF
$338.68
Gross SF
4,798

Investment Highlights

  • While Current Ownership Has Completed Renovations to 44% of the Units, Investors will Have an Excellent Opportunity to Continue These Improvements in the Remaining Units and Capture Additional Rental
  • There are 14 Total Parking Spaces for Nine Units
  • Ownership Has Extensively Renovated Four Units with Laminated Floors, Stainless Steel Kitchen Appliances, New Refrigerator & Stove, New Cabinets & More
  • New Ownership has the Potential to Add Two Accessory Dwelling Units (ADU) to the Property Allowing for Added Future Growth and Appreciation Potential – Permits are Close to "RTI" Status
  • Current Ownership has Attentively Maintained the Property Which Has Very Little Deferred Maintenance
  • The Property is Located in a Gentrifying Pocket of Los Angeles. With a Walk Score of 81 'Very Walkable' - Residents Enjoy Convenient Access to Employment Centers, Retail, and Entertainment Options Within Koreatown & Downtown Los Angeles

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a nine-unit apartment community located at 1452 West 20th Street. The subject property is located north of the University of Southern California, and just south of Koreatown. The property offers investors a unique opportunity to acquire a partially renovated building with a remaining rental upside and a strong value add component through the state’s favorable ADU program. Situated on a 4,798 square foot parcel, the property comprises of eight studios and a onebedroom unit. The property has 88% remaining rental upside through unit renovations to the remaining units. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and add additional units should allow for superior returns moving forward make 1452 West 20th Street an excellent acquisition opportunity.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower