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5059 W 20TH St

Los Angeles, CA 90016
  • $2,695,000
  • STATUS: Active
  • ON SITE: 75 Days
  • MLS #: 22-133913
UPDATED: 47 min ago
$2,695,000
  • 7
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,837
    SQFT
  • $462
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1947
County:

School Ratings & Info

Description

PRICE REDUCED BY 200K. Storage is rented for $2300.. This apartment building built in 1947, contains two separate buildings comprising of two stories of stucco and wood-frame construction. The property is approximately 5,837 square feet, sitting on a lot the size of 9,757 square feet and offers both on-site parking and storage space. The unit mix consists of one studio, two singles and seven one-bedroom/one-bathroom units. In addition, the property offers decks for some of the units and a common area between the two buildings that can be accessed by all tenants. With its close proximity to the 10 Freeway and the Westside, this property offers tenants an attractive location coupled with convenient access to Freeway and bus lines for work or school. Tenants are also close to the entertainment and business centers of Santa Monica, The Grove, and Downtown Los Angeles. Due to the high rental demand of the mid-city area, owners have historically achieved good rents with long-term rental growth and high occupancy levels.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-24T06:44:22.227. 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.
www.markwiseproperties.com/homes/126542118
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5059 W 20TH St Los Angeles, CA 90016

  • Price: $2,695,000
  • Status: Active
  • On Site: 75 Days
  • Updated: 47 min ago
  • MLS #: 22-133913
7
Beds
0
Baths
0
½ Baths
0.22
Acres
5,837
SQFT
$462
$/SQFT
1947
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
PRICE REDUCED BY 200K. Storage is rented for $2300.. This apartment building built in 1947, contains two separate buildings comprising of two stories of stucco and wood-frame construction. The property is approximately 5,837 square feet, sitting on a lot the size of 9,757 square feet and offers both on-site parking and storage space. The unit mix consists of one studio, two singles and seven one-bedroom/one-bathroom units. In addition, the property offers decks for some of the units and a common area between the two buildings that can be accessed by all tenants. With its close proximity to the 10 Freeway and the Westside, this property offers tenants an attractive location coupled with convenient access to Freeway and bus lines for work or school. Tenants are also close to the entertainment and business centers of Santa Monica, The Grove, and Downtown Los Angeles. Due to the high rental demand of the mid-city area, owners have historically achieved good rents with long-term rental growth and high occupancy levels.
Exterior Features

Lot Size Area 9683 Other Structures None Parking Garage Other Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 6 View Description None View YN No

Interior Features

Baths Total 10.00 Cooling Wall/Window Equipment None Heating Wall Gas Laundry Outside

Property Features

Assessed Total Value 905107 Gross Income 182088 Gross Operating Income 0 Like Units1 1 Like Units2 2 Like Units3 7 Net Operating Income 0.00 Number Of Buildings 2 Number Of Units 10 Owner Pays WaterGardener Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 0 Type Of Units Multi-Family Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard2

Listing provided courtesy of Shawn Mehrannia DRE#01874025 of Home Team Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-24T06:44:22.227. 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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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270