NOT LISTED FOR SALE

5059 W 20th St Los Angeles, CA 90016

Mid-City Neighborhood
7 Beds
10 Baths
5,837 Sq Ft
9,683 Sq Ft Lot

Last Sold September 08, 2022

Last sale price $2,395,000 $410 Per Sq Ft

120 Days on Market

About This Home

As of September 2022

Monthly income is $16,330 .PRICE REDUCED BY 400K. Storage is rented for $2200.. 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.

Last Agent to Sell the Property

Shawn Mehrannia

Home Team Realty License #01874025 Listed on: 03/06/2022

Home Team Realty

Last Buyer's Agent

Shawn Mehrannia

Home Team Realty License #01874025 Listed on: 03/06/2022

Home Team Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 9,683 Sq Ft Lot

Parking

  • 6 Parking Spaces

Interior Spaces

  • 5,837 Sq Ft Home
  • 2-Story Property
  • Laundry Located Outside

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 10 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, gardener
  • Assessor Parcel Number 5062-006-004

Community Details

Overview

  • 2 Buildings
  • 10 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5837
  • Lot Acreage: 0.2223
  • Probate: No
  • Stories: 2
  • Year Built: 1947
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Laundry: Outside
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 410.31

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Total Parking: 6

Utilities

  • Cooling: Wall/Window
  • Heating: Wall Gas
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 44.87
  • Assessed Improvement Value: 406137
  • Assessed Land Percent: 55.13
  • Assessed Land Value: 498970
  • Total Assessed Value: 905107
  • Assessor Parcel Number: 5062-006-004
  • Lot Size Area: 9683

Rental Info

  • Owner Pays: Water, Gardener
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 12.25
  • Number Of Units: 10
  • Type Of Units: multi-family

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/08/2022 09/08/22 Sold $2,395,000 0.0% $410 / Sq Ft
07/04/2022 07/04/22 Pending -- -- --
06/09/2022 06/09/22 Price Changed $2,395,000 -11.1% $410 / Sq Ft
04/19/2022 04/19/22 Price Changed $2,695,000 -6.9% $462 / Sq Ft
03/06/2022 03/06/22 For Sale $2,895,000 +271.2% $496 / Sq Ft
02/28/2012 02/28/12 Sold $780,000 -11.9% $134 / Sq Ft View Prior Sale
10/25/2011 10/25/11 Pending -- -- --
08/01/2011 08/01/11 For Sale $885,000 -- $152 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Shawn Mehrannia

    Seller's Agent in 2022

    Shawn Mehrannia

    Home Team Realty

    (213) 804-7177

    12 in this area

    56 Total Sales

    Shawn Mehrannia
    Section Image

  • T

    Seller's Agent in 2012

    Thomas Jonsson

    James Capital Advisors, Inc.

See All Agents

Map

Source: The MLS

MLS Number: 22-133913

The MLS
California Los Angeles County Los Angeles 90016 Mid-City

5059 W 20th St, Los Angeles, CA

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