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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8BEDS
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0.22ACRES
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0BATHS
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01/2 BATHS
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3,888SQFT
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$444$/SQFT
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.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-23T18:43:07.467. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.