1045 E 20th ST new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90011
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25252903
HOA Y/N No
Year Built 2021
Lot Size 5,998 Sqft
Property Sub-Type Apartment
Property Description
NO RENT CONTROL AND FULLY VACANT AT CLOSING!
Built in 2021, 1045 E 20th Street is ideal for any owner/user or investor looking for newly constructed 4Plex in the heart of Los Angeles. All units are 4-Bed 3-Bath units, ideal for families or co-living tenants. With each unit measuring at about 1,300 SF, the property sits on a 6,000 SF lot. The property is projected to generate $15,980 in monthly scheduled rent, translating to an attractive 6.07% cap rate and 11.97 GRM, making this an exceptional opportunity for investors seeking strong cash flow and a modern, low-maintenance asset. The property's central location and newer construction ensure long-term demand, stable returns, and minimal deferred maintenance for years to come. Located just minutes from Downtown Los Angeles, USC, and the Fashion District, the property offers residents convenient access to major employment centers, freeways, and public transit. With all units vacant, investors have the flexibility to lease at market rates or explore owner-occupancy options.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Fireplace No
Appliance Washer
Laundry Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Inside,Laundry Closet,Laundry Room
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs,Rural,Suburban,Sidewalks,Urban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5131007012
Acceptable Financing Cash,Cash to New Loan,Conventional,Contract
Listing Terms Cash,Cash to New Loan,Conventional,Contract
Special Listing Condition Standard