Multifamily
1201 E 20th St
1201 E 20th St, Los Angeles, CA 90011
Listing Price: $495,000
Investment Overview
Marcus and Millichap is pleased to present a triplex located at 1201 East 20th Street in Los Angeles, California. The subject property is situated in a great South-Central Los Angeles location, east of S Central Ave and south of E Washington Boulevard.
South LA is a large region of Los Angeles made up of the neighborhoods south of Downtown L.A. This area is multi-culturally and economically diverse and offers residents a dense suburban feel in a historic market of Los Angeles. Residents can take advantage of the area’s many food and entertainment spaces within walking distance of the subject properties. The more noteworthy news for the area is the great revitalization plan for South L.A. For the first time in decades, major development projects are underway in South L.A. Most prominently, an incredible state of the art NFL stadium just opened in Inglewood-- and it will be surrounded by a planned community made up of thousands of new homes. But the development wave doesn’t stop there. New restaurants, grocery stores, and shops are in the pipeline for neighborhoods from West Adams to Watts. The county and Metro are teaming up to find a developer to build 492 residential units, a grocery store, theater, and locally-owned restaurants located at 3606 West Exposition Boulevard.
The Lucas Museum of Narrative Art, South L.A. Wetlands Park, Hollywood Park, and Magic Johnson Park are some more examples of developments currently underway.
The offering consists of two 2-bedroom units, and one 1-bedroom unit. Each of these units are significantly below market (almost 170% of unrealized rents!) and provides tre-mendous upside for an investor looking to turn the units. There is an opportunity to add ADUs on the site. Addition-ally, this offering is part of a double-lot sale with the neigh-boring parcel. These can be sold together or separately. Together, these lots would allow an ED1 developer to build up to 80 units on the site.
Situated in a great South-Central Los Angeles location, this offering presents an excellent opportunity for any multi-family investor (or developer) to acquire a bite-sized deal in a market that is growing rapidly and has tremendous op-portunity for upside.
Investment Highlights
- Good South-Central Location
- Great Unit Mix – Majority 2 Bedroom Units
- Very Attractive Price Per SF at $200/SF on Rentable SF
- Tremendous Rental Upside Potential
- Potential to add ADUs in the Rear of the Property
- Part of a Two-Property Portfolio & Can be Sold Individually or Together
- Qualifies for 30-Year Fixed Residential Fi-nancing
- Covered Land Play Opportunity
Exclusively Listed By
Financing By
Listing Price: $495,000
Investment Highlights
- Good South-Central Location
- Great Unit Mix – Majority 2 Bedroom Units
- Very Attractive Price Per SF at $200/SF on Rentable SF
- Tremendous Rental Upside Potential
- Potential to add ADUs in the Rear of the Property
- Part of a Two-Property Portfolio & Can be Sold Individually or Together
- Qualifies for 30-Year Fixed Residential Fi-nancing
- Covered Land Play Opportunity
Investment Overview
Marcus and Millichap is pleased to present a triplex located at 1201 East 20th Street in Los Angeles, California. The subject property is situated in a great South-Central Los Angeles location, east of S Central Ave and south of E Washington Boulevard. South LA is a large region of Los Angeles made up of the neighborhoods south of Downtown L.A. This area is multi-culturally and economically diverse and offers residents a dense suburban feel in a historic market of Los Angeles. Residents can take advantage of the area’s many food and entertainment spaces within walking distance of the subject properties. The more noteworthy news for the area is the great revitalization plan for South L.A. For the first time in decades, major development projects are underway in South L.A. Most prominently, an incredible state of the art NFL stadium just opened in Inglewood-- and it will be surrounded by a planned community made up of thousands of new homes. But the development wave doesn’t stop there. New restaurants, grocery stores, and shops are in the pipeline for neighborhoods from West Adams to Watts. The county and Metro are teaming up to find a developer to build 492 residential units, a grocery store, theater, and locally-owned restaurants located at 3606 West Exposition Boulevard. The Lucas Museum of Narrative Art, South L.A. Wetlands Park, Hollywood Park, and Magic Johnson Park are some more examples of developments currently underway. The offering consists of two 2-bedroom units, and one 1-bedroom unit. Each of these units are significantly below market (almost 170% of unrealized rents!) and provides tre-mendous upside for an investor looking to turn the units. There is an opportunity to add ADUs on the site. Addition-ally, this offering is part of a double-lot sale with the neigh-boring parcel. These can be sold together or separately. Together, these lots would allow an ED1 developer to build up to 80 units on the site. Situated in a great South-Central Los Angeles location, this offering presents an excellent opportunity for any multi-family investor (or developer) to acquire a bite-sized deal in a market that is growing rapidly and has tremendous op-portunity for upside.
Exclusively Listed By
Financing By

