5068 W 20TH Street, Los Angeles, CA 90016

About this property

BUYER DIDN'T PERFORM, PERFECT SECOND CHANCE OPPORTUNITY IN PRIME MID-CITY! TROPHY SPANISH 4-PLEX IN BEAUTIFULLY REMODELED CONDITION. Well-maintained Spanish 4-Plex w/ great rents, further upside potential, and character details galore. 2 of 4 units are remodeled. 5,826sq. ft. interior on a spacious 8,400sf lot. Units are a mix of 2 and 3 bedroom units. Western two units fully renovated in 2017, and eastern 2 units have classic original details. Hardwood floors, new recessed LED lighting, tankless hot water heaters, new low-e vinyl windows, fully remodeled kitchens with quartz counters and stainless appliances, remodeled bathrooms, walk-in showers and new vanities. Stated rents are accurate. 2 Units are at market rent, and other 2 units have long-term stable tenants (Under market. Value-add opportunity. Original condition.). Building currently has cap rate of 5.15% (with further upside!) and GRM of 14.7. SEE DOCS MANAGER for rent roll. RARE OPPORTUNITY FOR STRONG 4-PLEX IN TRENDY AREA.

Listing description from the October 2019 sale, as reported to CRMLS.

Sale history

$1,780,000

Sold October 2019 · listed $1,799,000, orig. $1,800,000, on market May 2019 · MLS #19469180 · Source: CRMLS

Listing Agent: Rachel Hsieh · Listing Office: Keller Williams Realty Los Fel · Contact: 323-300-1000 · Bought with: Jung-Anna Kim · Masters Realty Group

$1,035,000

Sold March 2017 · listed $1,050,000, on market December 2016 · MLS #16184390 · Source: CRMLS

Listing Agent: Donna Coleman · Listing Office: SBM Companies, Inc. · Contact: 424-261-3088 · Bought with: OUT OF AREA OUT OF AREA · OUT OF AREA

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