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

5068 W. 20th Street, Los Angeles, CA 90016

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

11 Beds      8 Baths      5,826 SF      8,400 SF Lot      $1,800,000

5068 W 20th St, Los Angeles, CA 90016, USA

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 longterm stable tenants (Under market. Value-add opportunity. Original condition.). Building currently grosses $10,182 per month with an attractive Cap Rate of 5.14% (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

Top 10 Features

  • Trophy Spanish 4-Units.
  • 5,826 sq. ft. interior.
  • 8,400 sq. ft. lot.
  • Great Cap Rate & GRM. Further Upside.
  • Value-add opportunity (2 untis are under market by 40%)
  • Tankless water heaters (2 units)
  • Hardwood floors
  • Renovated kitchens with Stainless Steel Appliances (2 units)
  • New bathrooms with walk-in showers (2 units)
  • Character Details Throughout
  • Excellent location near Pico Area, Miracle Mile, West Adams, Culver City & the Art District

agent-photo

Jerry & Rachel Hsieh

REALTOR®, REALTOR-OWNER
Lic#01701809/01913428

Office: 424.242.8856
Cell: 310.228.8856

jerryandrachelteam@​gmail.com
www.JerryandRachel.com | My Bio

broker-logo
1660 Hillhurst Ave
Los Angeles, CA 90027

agent-photo

Oliver Klein

Associate Listing Agent
Lic#02048270

310.600.1891

oliverklein@​kw.com
My Bio

broker-logo
1660 Hillhurst Ave.
Los Angeles, CA 90027

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DISCLAIMER: The Jerry and Rachel Hsieh Real Estate Team, Keller Williams Realty - Los Feliz, Jerry Hsieh, CalBRE No. 01701809.