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5226 W 20th Street, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath

5226 W 20th Street, Los Angeles, California 90016 home-pic-0
ACTIVE$1,649,000
5226 W 20th Street, Los Angeles, California 90016
0Bed
0Bath
3,054Sqft
7,008Lot
Year Built
1924
Close
-
List price
$1.65M
Original List price
$1.65M
Price/Sqft
$540
HOA
-
Days on market
-
Sold On
-
MLS number
IV25132711
Home ConditionGood
Features
Spa
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.65M(71th), sqft - 3054(50th), beds - undefined(50th), baths - undefined(50th).

Discover an exceptional multi-unit property at 5226 W. 20th Street in Los Angeles, offering versatile living arrangements and strong income potential. The inviting front house features 3 bedrooms and 2 bathrooms, perfect for an owner-occupant seeking a spacious and comfortable home. Behind this residence, you'll find a separate Accessory Dwelling Unit (ADU) that is a 2-bedroom, 2-bathroom unit, both of which are turnkey and ready for immediate occupancy or rental. Adding to the property's unique appeal and value, are two Junior ADUs situated underneath the main ADU, both nearing completion. One is a convenient studio unit, while the other unit offers a comfortable 2-bedroom, 1-bathroom layout. This property presents a fantastic opportunity for multi-generational living, significant rental income, or a combination of both in a desirable Los Angeles location. Don't miss out on this unique investment opportunity! Contact us today to schedule a private showing and explore the possibilities this beautiful property offers.

Price History

Date
Event
Price
06/22/18
Sold
$700,000
Condition Rating
Good
This is a multi-unit property with a mix of conditions. The images showcase newly renovated, modern kitchens and bathrooms in the ADU/JADU units, featuring new stainless steel appliances, contemporary fixtures, and stylish finishes, indicating excellent condition for these specific units. The description confirms the main ADU is 'turnkey' and two JADUs are 'nearing completion,' suggesting they are virtually new. However, the primary residence was built in 1924, and its age is explicitly noted as a weakness, implying potential for system upgrades. While the main house is described as 'comfortable,' it likely has not undergone the same extensive recent renovation as the ADUs. Therefore, the overall property condition is a blend, making 'Good' the most appropriate score, reflecting the move-in readiness and modern updates of the newer units, while acknowledging the older primary structure.
Pros & Cons

Pros

Exceptional Income Potential: The property features four distinct units (main house, ADU, two JADUs), offering diverse rental income streams and maximizing revenue.
Versatile Investment & Living: Ideal for multi-generational living, owner-occupancy with supplemental rental income, or a pure investment strategy.
Strategic Los Angeles Location: Situated in the desirable Mid Los Angeles (C16 MLS Area), known for strong rental demand and appreciation potential.
Modernized & New Units: The main ADU is turnkey, and two Junior ADUs are nearing completion, indicating recent upgrades and modern living spaces that attract tenants.
Rare Quadruplex Configuration: This highly sought-after multi-unit property type in Los Angeles maximizes density and offers significant long-term investment value.

Cons

Age of Primary Residence: The 1924-built front house may necessitate significant capital expenditures for system upgrades (e.g., plumbing, electrical) and ongoing maintenance due to its age.
Unfinished Junior ADUs: The 'nearing completion' status of the two Junior ADUs implies potential for additional costs, time, and final regulatory hurdles before they can generate income.
High Management Overhead: Operating a four-unit property demands considerable time and effort for tenant management, maintenance coordination, and vacancy turnover.

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