1862 W 20th St - Apartments FOR SALE


Los Angeles, CA 90007- Harvard Heights
$1,595,000 USD
310-525-3711
1862 W 20th St, Los Angeles, CA for Sale
$1,595,000 USD
Apartments - FOR SALE
1/8
null | 6.01% Cap Rate

1862 W 20th St
Los Angeles, CA 90007
Harvard Heights


HIGHLIGHTS

  • Seven 1-bedroom/1-bath units and one 2-bedroom/2-bath units, and appealing to a broad renter base and supporting stable occupancy.
  • Three out of the eight units have been renovated, providing a turnkey investment profile and minimizing near-term capital expenditure requirements.
  • Recent upgrades include newer exterior paint, updated lighting, and new building and unit identification, and security cameras enhancing curb appeal.
  • The property offers on-site ample secure gated parking, a valuable amenity in a dense Los Angeles submarket that supports tenant retention.
  • Each unit is separately metered for gas and electricity, allowing for efficient utility management and improved operating expense control.
  • Proximity to major employment centers and transportation corridors, providing convenient access throughout the greater Los Angeles metro.

OVERVIEW

BRC Advisors is offering a stabilized 8-unit multifamily investment in a strong rental corridor of Los Angeles. Constructed in 1965, the property consists of seven (7) 1-bedroom / 1-bathroom units and one (1) 2-bedroom / 1-bathroom unit, offering a desirable unit mix that appeals to a broad tenant base. The asset is currently fully occupied, providing immediate in-place income and operational stability for an investor seeking dependable cash flow. The building contains approximately 5,481 rentable square feet and is situated on a 6,694 square foot lot. Its full occupancy and established tenancy make it a compelling opportunity for buyers looking for a performing asset with day-one income rather than a heavy repositioning play. The property’s efficient scale is also attractive for private investors and operators seeking manageable oversight without sacrificing meaningful unit count. Tenant convenience and retention are supported by practical on-site amenities, including an on-site laundry facility and gated, secured on-site parking. These features enhance the property’s appeal in a competitive leasing environment and contribute to long-term desirability. Offering Memorandum provided in LoopNet Listing. PLEASE NOTE THE FOLLOWING: 1) DO NOT DISTURB THE TENANTS 2) Interior Inspection/Books & Records Granted with an Accepted Offer. 3) Submit Proof of Funds & Pre-Qualification Letter with Offer. Broker/agent do not guarantee the accuracy of the square footage, lot size, development potential, or any other information concerning the conditions or features of the property provided by the Seller or obtained from public records or other sources. Buyer is advised to independently verify and complete own due diligence to verify accuracy of all information through physical and personal inspections and with appropriate professionals. Sellers are licensed real estate broker in the state of California.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$291 USD /SF

# OF UNITS

36

PRICE/UNIT

$44,306

CAP RATE

6.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 UNITS 90018 - 6.01% CAP RATE & 10.28 GRM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,695 SF

ZONING

LAR3

APN/PARCEL ID

5075-030-006

ASK ABOUT THIS PROPERTY

Sam GrayeliBRC Advisors - BH, Inc.More Info
310-525-3711

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Sam GrayeliBRC Advisors - BH, Inc.More Info
310-525-3711

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.