1862 West 20th Street

Los Angeles, CA 90007

$1,700,000
Price
9
Beds
9
Baths
5,481 Sq. Ft.
$310 / Sq. Ft.
5,481
Sq. Ft.
$310
per Sq. Ft.

Description

We are pleased to offer this eight unit investment opportunity, located in the City of Los Angeles. The unit mix consists of seven 1+1 and one 2+2 units. The investment consists of approximately 5,481 of rentable square feet and is situated on an approximately 6,694 square foot parcel. Recent new exterior paint, new exterior lighting, new exterior building and unit numbers, and three of the units have recently been renovated. The building amenities include a large parking area with seven total spaces,...We are pleased to offer this eight unit investment opportunity, located in the City of Los Angeles. The unit mix consists of seven 1+1 and one 2+2 units. The investment consists of approximately 5,481 of rentable square feet and is situated on an approximately 6,694 square foot parcel. Recent new exterior paint, new exterior lighting, new exterior building and unit numbers, and three of the units have recently been renovated. The building amenities include a large parking area with seven total spaces, a two- car garage, and the property is separately metered for gas and electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance and the property is in compliance with the Los Angeles Soft-Story Retrofit Program.
  1. Listed by Griffin White • DRE #02031785 • Brokerage DRE #01765179 • BRC Advisors- BH

Property Details for 1862 West 20th Street

Zoning
LAR3
Parcel Number
5075030006
Total Units
8.0
Living Area
5481
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
2%
Lot Size Area
6696
LISTING UPDATED: 10/23/2024 01:56 PM

Property Details for 1862 West 20th Street

StatusActive
MLS #24-422499
Days on Market115
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.15 AC / 6,696 SF
CountyLos Angeles County

Building Information for 1862 West 20th Street

Stories2Residences-Year Built1965Building Size-Lot Size0.15 AC / 6,696 SF

Property Information for 1862 West 20th Street

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Income
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $152,017
  • Net Operating Income: $101,071.00
  • Gross Income: $155,119
  • Cap Rate: 5.95%
  • Gross Rent Multiplier: $10.96
  • Actual Gross Annual Income: $151,793
  • Total Annual Expense: 50946
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 6696
Parking Details
Parking Details
  • Parking Garage: Gated, Garage - 2 Car
  • Total Parking: 8
  • Parking Features: Gated, Garage - Two Door
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Ceiling Fan
  • Heating Type: Wall Gas
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-01-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,749.00
  • Unit Actual Rent: $2,749.00
  • Unit Projected Rent: $3,052.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,456.00
  • Unit Actual Rent: $1,456.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $753.55
  • Unit Actual Rent: $753.55
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,097.50
  • Unit Actual Rent: $1,097.50
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,292.00
  • Unit Actual Rent: $2,292.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,369.00
  • Unit Actual Rent: $2,369.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,456.00
  • Unit Actual Rent: $1,456.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $753.55
  • Unit Actual Rent: $753.55
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113

Property History for 1862 West 20th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1862 West 20th Street

Taxable ValueLand$1,224,000Additions$127,500Total$1,351,500
Tax Record2024$17,279 ($1,440 / month)
Home Facts
Total Finished SqFt5,481 SqFtAbove Grade Finished SqFt5,481 SqFtLot Size6,694 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningLAR3CountyLOS ANGELESAPN5075-030-006

Schools near 1862 West 20th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - K to 12
Public - 9 to 12
Public - K to 10
Rating
School
Distance
Camino Nuevo Jose Castellanos
CharterK to 8

Foshay Learning Center
PublicK to 12

West Adams Preparatory High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1862 West 20th Street is a multi-family home for sale in Los Angeles, CA 90007. This property was listed for sale on August 1, 2024 by BRC Advisors- BH, it's currently listed at $1,700,000. It has been on the market for a total of 115 days and was last sold on December 1, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Camino Nuevo Jose Castellanos, Foshay Learning Center and West Adams Preparatory High School. 1862 West 20th Street is a 9-bed, 9-bath, 5,481 sqft multi-family home built in 1965.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BRC Advisors- BH, Griffin White, DRE #02031785

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.