5068 W 20th Street. Los Angeles, CA 90016

$1,799,000 PRICE
11 BEDROOMS
8 BATHROOMS
5,826 SQUARE FEET

PRIME MID-CITY! TROPHY SPANISH 4-PLEX IN BEAUTIFULLY REMODELED CONDITION.

 

Well-maintained Spanish Fourplex with 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 with subway tile, 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 grosses $10,182 per month with an attractive Cap Rate of 5.15% (with further upside!) and a GRM of 14.73.

 

Hot rental market situated in Mid-City Heights with easy access to the restaurants, shops and cafes on Pico, Picfair Village, Highly Likely, Miracle Mile, LACMA, Kasier Permanente, Culver City Art District. RARE OPPORTUNITY FOR A STRONG 4-PLEX IN TRENDY NEIGHBORHOOD.

 

Showing on Tuesdays only. Please email us at jerryandrachelteam@gmail.com and visit the property’s custom website at www.Spanish4Plex.com

Price: $1,799,000
Bedrooms: 11
Baths: 8
Square Footage: 5,826
City: Los Angeles
State: CA
ZIP Code: 90016
Property Type: Income
Lot Size: 8,400
5068 West 20th Street, Los Angeles, CA 90016, USA