David Bramante of BRE Investment is pleased to announce the exclusive listing for sale of 1732 West 20th Street, Los Angeles, CA 90007.
This is an 8-unit apartment building adjacent to the 10-freeway, located near Downtown LA and the University of Southern California.
As is typical with many properties in this area, the rents are below market and the property could benefit from several repairs and cosmetic improvements.
Depending on turn-over and the buyer’s vision for the property, there could be significant potential upside in rents.
List Price: $815K
Average Rent: $672
Annual Gross Rent: $64,512
Cap Rate: 5.15%
The tenants pay for the separately metered electricity and gas, while the landlord pays for trash, water, and sewage services. There is limited landscaping in front and the back is a large dirt yard.
Contact David to find out more about this property and to schedule a private tour. The current rent roll and marketing package are available upon request.