Description
I am pleased to offer for sale a nine (8+1NC) unit apartment community located at 1452 West 20th Street. The subject property is located north of the University of Southern California, and just south of Koreatown. The property offers investors a unique opportunity to acquire a partially renovated building with a remaining rental upside and ready to issue permits for a 3 Bed + 2 Bath accessory dwelling unit at the rear of the property. Situated on a 7,500 square foot parcel, the property is comprised of eight studios and a one-bedroom unit. Current Ownership has completed renovations to four units with brand-new stainless-steel kitchen appliances and new laminate floors. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and add an additional dwelling unit should allow for superior returns moving forward making 1452 West 20th Street an excellent acquisition opportunity.
Location
Listing Agent: Sean Rosenzweig Courtesy of: Marcus & Millichap The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 27th January, 2023 8:15 PM (UTC)
