920 W 20th ST, Los Angeles, CA 90007
920 W 20th ST, Los Angeles, CA 90007
920 W 20th ST, Los Angeles, CA 90007
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Lucio Real Estate Group

Lucio Real Estate Group

+1(805) 512-0065
$1,095,000
Est. payment /mo
7 Beds
5 Baths
3,946 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,946 sqft

Price per Sqft $277

MLS Listing ID 26871537

Bedrooms 7

HOA Y/N No

Year Built 1905

Lot Size 6,377 Sqft

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LARD1.5

Interior

Interior Features Ceiling Fan(s)

Heating Fireplace(s)

Cooling None

Flooring Carpet, Wood

Fireplace No

Appliance Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Assigned, Door-Single, Driveway, Garage, Gated

Garage Spaces 1.0

Garage Description 1.0

Pool None

Porch Covered, Front Porch, Porch

Total Parking Spaces 4

Private Pool No

Building

Story 2

Entry Level Two

Architectural Style Victorian

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5124015016

Special Listing Condition Standard

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Listed by Edan Amar Christie's International Real Estate SoCal #01856096

Nearby Locations

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Lucio Real Estate Group
Lucio Real Estate Group

Broker Associate License ID: 01893011

+1(805) 512-0065

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA 93036, USA

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920 W 20th ST

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