920 W 20th St, Los Angeles, CA 90007
920 W 20th St, Los Angeles, CA 90007
920 W 20th St, Los Angeles, CA 90007
20
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$1,095,000
Est. payment /mo
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7 Beds
5 Baths
3,946 SqFt
Price Dropped by $105K

920 W 20th St Los Angeles, CA 90007

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,946 sqft

Price per Sqft $277

MLS Listing ID 26871537

Style Victorian

Bedrooms 7

Year Built 1905

Lot Size 6,377 Sqft

Acres 0.1464

Property Sub-Type Multi-Family

Property Description

A prime FOURPLEX investment opportunity in the heart of University Park, just blocks from USC and USC Village, offering approximately $83,940.00 in projected annual gross rental income when fully leased at projected market rents. 2 units are currently VACANT, creating immediate upside through lease-up at projected rents or the option to occupy the expansive owner's residence.The property consists of four distinct units, anchored by an expansive 2BD/2BA residence occupying the entire ground floor. Previously owner-occupied and currently vacant, the residence features generous proportions and original period details throughout. Upstairs are three additional units: a vacant studio, a 1BD/1BA currently rented at $1,261/month, and a 2BD/1BA currently rented at $1,434/month. The 1BD/1BA is expected to become vacant in December, creating additional opportunity for a new owner to reposition rents. The two currently occupied units generate $2,695/month in existing rental income.A garage with an attached bonus room and a California basement provide additional utility and flexibility. Set among the architecturally significant homes of University Park, the property combines historic character, existing income and significant rental upside in a location convenient to USC, USC Village, dining, shopping and neighborhood amenities.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LARD1.5

Rooms

Other Rooms Other

Interior

Heating Fireplace

Cooling None

Flooring Hardwood, Carpet

Fireplaces Type Gas and Wood

Equipment Ceiling Fan, Dryer, Microwave, Washer, Refrigerator

Laundry In Unit

Exterior

Parking Features Assigned, Gated, Driveway, Garage - 1 Car

Garage Spaces 4.0

Pool None

Building

Story 2

Architectural Style Victorian

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Christie's International Real Estate SoCal

NEARBY SCHOOL & BUSINESS

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Juliana McCormick

Juliana McCormick

Realtor S.00 45715

+1(702) 202-9709

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920 W 20th St