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    1732 W 20TH Street

    Los Angeles (City), CA 90007
    • $1,725,000
    • STATUS: Pending
    • ON SITE: 126 days
    • ID#: 21734454
    Pending
    $1,725,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    I am pleased to present the opportunity to acquire 1732 West 20thStreet, an eight-unit, bungalow style apartment community located just east of Harvard Heights and south of Koreatown. The property offers investors a unique opportunity to acquire a renovated building with a stable operating history but remaining rental upside. Current ownership has extensively renovated six of the eight units at the property including new kitchen cabinets and countertops, new appliances, new bathrooms, new flooring and recessed lighting. Renovated units are achieving a rent premium of $712 over the average in-place rents. The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue renovating the remaining two units and achieve superior future returns moving forward make 1732 West 20th Street an excellent acquisition opportunity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-24T00:28:30.09. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
    www.debonishomes.com/homes/117419353
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    1732 W 20TH Street Los Angeles (City), CA 90007

    • Price: $1,725,000
    • Status: Pending
    • ID#: 21734454
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1924
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    I am pleased to present the opportunity to acquire 1732 West 20thStreet, an eight-unit, bungalow style apartment community located just east of Harvard Heights and south of Koreatown. The property offers investors a unique opportunity to acquire a renovated building with a stable operating history but remaining rental upside. Current ownership has extensively renovated six of the eight units at the property including new kitchen cabinets and countertops, new appliances, new bathrooms, new flooring and recessed lighting. Renovated units are achieving a rent premium of $712 over the average in-place rents. The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue renovating the remaining two units and achieve superior future returns moving forward make 1732 West 20th Street an excellent acquisition opportunity.
    Exterior Features

    Parking Features None

    Property Features

    Gross Income 133015 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 85060 Senior Community YN No Special Listing Conditions Standard Zoning Lard1.5

    Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-24T00:28:30.09. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Realty Masters & Associates. Licensed in the State of California, USA.
     
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    The DeBonis Team | Realty Masters & Associates
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    Riverside CA, 92508