916 W 20th St, Los Angeles, CA 90007

Property Description

Located in the historically zoned area of University Park North, this charming multi-family property currently has two units but is waiting for its renaissance with an experienced developer at the helm. Zoned LARD1.5, the duplex will transfer ownership with Unit B (upstairs unit - 2 BR/2 BA) delivered vacant and Unit A (lower unit - 2 BR/1 BA) delivered with the tenant in place. The highest and best use of the property may entail the creation of additional rental units due to its proximity to USC and DTLA. Current zoning allows for up to 3 units; however, recent city and state ADU regulations allow for constructing two more units at the rear of the lot, according to LA City. An experienced developer may be able to navigate efficient and grand renovations and new buildings. The yard is fully fenced, and the backyard is accessed via a shared driveway. There is a carport and off-street paved parking in the rear. This property has so much early-1900s charm, including original architectural accents and mature trees, that you must see it fully to appreciate the inherent charisma. The owner pays for water, and each unit pays for electricity and gas individually. " A wonderful neighborhood on the precipice of all the potential improvements being prepared for the Los Angeles Olympics 2028. With the neverending appeal of the USC community and the other grand homes in the neighborhood that have been renovated back to their glory, this property is an appealing project for a visionary whose heart is really in Los Angeles historical neighborhoods.