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(323) 864-4211
Linda Roth Burrell
920 W 20th St, Los Angeles, CA 90007
- $1,095,000
- 7
- BD
- 5
- BA
- 3,946
- SqFt
- List Price
- $1,095,000
- Price Change
- ▼ $105,000 1790221449
- MLS#
- 26871537
- Year Built
- 1905
- Bedrooms
- 7
- Bathrooms
- 5
- Living Sq. Ft
- 3,946
- Lot Size
- 6,377
- Days on Market
- 54
- Property Type
- Multifamily
- Style
- Victorian
- Stories
- 2
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.
Additional Information
- Other Buildings
- Other
- Pool Description
- None
- Heat
- Fireplace
- Cooling
- None
- Number of Cars in Garage
- Assigned, Gated, Driveway, Garage - 1 Car
- Garage Spaces Total
- 1
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Courtesy of Christie's International Real Estate SoCal, Edan Amar - CA DRE#01856096
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