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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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Te Hsuan Chao

goal2realtor.alex@gmail.com +1(562) 652-8619

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,946 sqft

Price per Sqft $277

MLS Listing ID 26871537

Bedrooms 7

HOA Y/N No

Year Built 1905

Lot Size 6,377 Sqft

Property Description

A prime FOURPLEX investment opportunity in the heart of University Park, just blocks from USC and USC Village, offering approximately $102,000 in projected annual gross rental income when fully leased at projected market rents. At the current asking price, that equates to a projected GRM of approximately 10.7. Two 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 C42 - Downtown L.A.

Zoning LARD1.5

Interior

Interior Features Ceiling Fan(s)

Heating Fireplace(s)

Cooling None

Flooring Carpet, Wood

Fireplace No

Appliance Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Assigned, Door-Single, Driveway, Garage, Gated

Garage Spaces 1.0

Garage Description 1.0

Pool None

Porch Covered, Front Porch, Porch

Total Parking Spaces 4

Private Pool No

Building

Story 2

Entry Level Two

Architectural Style Victorian

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5124015016

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Edan Amar Christie's International Real Estate SoCal #01856096

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Te Hsuan Chao

Agent

+1(562) 652-8619

920 W 20th ST Los Angeles, CA 90007

Te Hsuan Chao

Key Details

Location

Interior

Exterior

Building

Others

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920 W 20th ST