Description
I am pleased to offer for sale a nine-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 a strong value add component through the state's favorable ADU program. Situated on a 4,798 square foot parcel, the property comprises of eight studios and a one-bedroom unit. The property has 88% remaining rental upside through unit renovations to the remaining units. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and add additional units should allow for superior returns moving forward make 1452 West 20th Street an excellent acquisition opportunity
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
I am pleased to offer for sale a nine-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 a strong value add component through the state's favorable ADU program. Situated on a 4,798 square foot parcel, the property comprises of eight studios and a one-bedroom unit. The property has 88% remaining rental upside through unit renovations to the remaining units. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate remaining units and add additional units should allow for superior returns moving forward make 1452 West 20th Street an excellent acquisition opportunity
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T12:34:09.423. 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 Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.