1423 W 20th Street, Los Angeles, Los Angeles County, CA, 90007 Los Angeles CA US

Welcome to this incredible 8-unit multifamily investment opportunity in the vibrant, rapidly gentrifying Pico-Union neighborhood of Los Angeles! This two-story apartment building offers four 5 bed/1 bath, two 2 bed/1 bath and one studio unit on a 6,186 sf lot that was built in 1966 and zoned RD1.5. With 4,995 sf of total living space, you have ample room to maximize your rental income potential. And it just gets better - the studio unit has been approved as an ADU with certain requirements and a certificate of occupancy has not yet been issued! The plumbing is copper and seismic retrofitting has been completed for your safety. One unit will be delivered vacant, this is an ideal opportunity to remodel and rent out the units at market value – allowing you to achieve a cap rate above 5% while still taking advantage of an additional 15% upside in rents for the remaining units! Located in a steadily gentrifying area with lots of new construction and in the area is one of the highest rental growth areas compared to other neighborhoods in Los Angeles. With an ideal location close to Downtown LA, Koreatown, USC, Staples Center, and the LA Convention Center – you’ll never be far from all that this beautiful city has to offer! Plus with easy access to both the 10 & 110 Freeways for quick commute times, it won’t take long for you to get anywhere! This rare investment property won’t last long so don’t wait to act on it! Find out more about this property. Request details here