For Sale

Listed by Edan Amar and Paola Tejada Lalinde from AKGRE Inc

Source: Combined LA Westside Multiple Listing Service, Inc #26871537

920 West 20th Street, Los Angeles, CA, 90007

$1,095,000

7
5
4
3946 sq. ft.
6377 sq. ft.

Other

•

30+ days on the market

What's around 920 West 20th Street

About this property

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.

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