
Los Angeles, California 90007
This High-Potential Investment Opportunity is a dual-residence asset listed at $1,350,000, positioned above the $1,278,047 Fair Market Value. Featuring a 2021-built rear home and a meticulously maintained 1907 front residence, the property holds a Condition Rating of 2. With seven total bedrooms, it is optimized for high-demand student housing within the USC FRYFT zone. This configuration provides significant cash flow potential for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income in a high-growth submarket.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1011 W 20th Subject | $1,350,000* List Price | 7 | 4 | 2,511 | $509 | - |
A 2302 S Budlong Avenue Sold | $1,099,000 | 4 | 2 | 2,416 | $455 | 0.9 mi |
B 2109 Toberman Street Sold | $1,035,150 | 5 | 3 | 2,294 | $451 | 0.1 mi |
C 2641 S Catalina Street Active | $1,289,000 List Price | 7 | 4 | 2,016 | $639 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a rear residence completed in 2021 with modern systems and finishes. The front residence has been freshly updated and meticulously maintained, featuring newer appliances and modern flooring, meeting the criteria for a recent renovation under 5 years.
The two-unit configuration with seven total bedrooms is optimized for per-bedroom leasing in a high-demand submarket, offering significant cash flow for investors or owner-occupants seeking to offset mortgage costs.
Located within the USC FRYFT zone and just one mile from campus, the property benefits from consistent student demand and proximity to major transit hubs, Downtown LA, and upcoming global sporting venues.
The rear home, completed in 2021, provides a turnkey living space with modern finishes and updated systems, significantly reducing immediate capital expenditure requirements for the property.
The front residence dates back to 1907 and the property is sold as-is, placing the burden of verifying permits, structural integrity, and square footage entirely on the buyer.
Several assigned public schools in the immediate vicinity have low ratings (2-3/10), which may deter traditional family buyers and limit the property's appeal primarily to the student and professional rental markets.
1011 & 1013 W 20th Street - two separately addressed residences on a single lot, approximately one mile from USC's University Park Campus and located within the USC FRYFT zone. The front residence offers four bedrooms and two baths. The rear home, completed in 2021, offers three bedrooms and two baths, including an ensuite primary, with modern finishes and systems throughout. Both homes have been meticulously maintained and freshly updated, with newer laundry machines and updated entry locks, and are ready for immediate occupancy or leasing. Seven total bedrooms across two units support per-bedroom leasing in one of Los Angeles's most consistently occupied rental submarkets, while the two-unit configuration equally suits an owner-occupant seeking rental income to offset carrying costs; two-unit properties may qualify for owner-occupied financing (buyer to verify with lender). Convenient access to Washington Boulevard, the 10 and 110 freeways, the Metro A Line, Downtown Los Angeles, and Exposition Park, an area positioned for continued investment ahead of Super Bowl LXI and the 2028 Olympic Games. Property is sold as-is; buyer to independently verify unit count, permits, year built, square footage, and all rental regulations. A well-located, low-maintenance two-unit offering in an enduring rental market.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,511 | 1,664.159 |
| Lot Size | 5,916 | 6,066.556 |
| Price | $1.35M | $1.35M |
| Price per sq ft | $538 | $806 |
| Built year | 1907 | 1939 |
| HOA | $0 | $278 |
| Days on market | 44 | 55 |
Jul 27, 2026
$1,350,000
Initial Listing
Aug 20, 2021
$1,220,000
Public Record
Dec 18, 2017
$715,000
Public Record
Dec 5, 2016
$410,000
Public Record