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
Listing Agent: Sean Rosenzweig 01406343 Courtesy of: Marcus & Millichap "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 12th August, 2022 8:37 PM (UTC)