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Multifamily

1423 W 20th St

1423 W 20th St, Los Angeles, CA 90007

Listing Price: $2,000,000

Number of Units
8
Price/Unit
$250,000

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to purchase 1423 W 20th Street, an 8-unit multifamily community located directly across from North University Park in Los Angeles, California. The property provides an excellent opportunity to acquire a stable income-producing asset in a desirable Los Angeles rental market within a central location to major employment, educational, and entertainment centers. The property is currently legally 7-units with a non-conforming 1-unit, which is currently vacant. The seller has hired an architect to create plans to convert into an accessory dwelling unit (ADU). The buyer will receive the proposed plans and will be responsible for completing the ADU conversion (Buyer to Verify). The Property is a 1966 construction with an outstanding unit-mix of two-bedroom/one-bath; one-bedroom/one-bath; and (non-conforming) studio-bedroom/one-bath units.

Investment Highlights

  • Student Housing Conversion Opportunity
  • Walking Distance to USC Public Safety Patrol Area
  • Limited New Construction in the 90007 Zip Code Submarket

Exclusively Listed By

Financing By

Multifamily

1423 W 20th St

Listing Price: $2,000,000

Number of Units
8
Price/Unit
$250,000

Investment Highlights

  • Student Housing Conversion Opportunity
  • Walking Distance to USC Public Safety Patrol Area
  • Limited New Construction in the 90007 Zip Code Submarket

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to purchase 1423 W 20th Street, an 8-unit multifamily community located directly across from North University Park in Los Angeles, California. The property provides an excellent opportunity to acquire a stable income-producing asset in a desirable Los Angeles rental market within a central location to major employment, educational, and entertainment centers. The property is currently legally 7-units with a non-conforming 1-unit, which is currently vacant. The seller has hired an architect to create plans to convert into an accessory dwelling unit (ADU). The buyer will receive the proposed plans and will be responsible for completing the ADU conversion (Buyer to Verify). The Property is a 1966 construction with an outstanding unit-mix of two-bedroom/one-bath; one-bedroom/one-bath; and (non-conforming) studio-bedroom/one-bath units.

Exclusively Listed By

Financing By

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