1362 E 20th Street, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$749,000
1362 E 20th Street, Los Angeles, California 90011
0Bed
0Bath
3,380Sqft
5,992Lot
Year Built
1964
Close
-
List price
$749K
Original List price
$799K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
RS25093281
Home ConditionPoor
Features
View-
About this home
Attention savvy investors! Looking for cash please. This 8-bedroom, 4-bath quadplex sits on a spacious 5,990 sq. ft. lot, ideally located just minutes from Vibrant Downtown Los Angeles and USC. Ample parking is available with spaces in front, rear, and plenty of off-street options — a rare find in the area. Currently under the REAP program, each unit generates an estimated $525/month, with one unit coming vacant — offering immediate upside potential. The property is being sold as-is, presenting a fantastic opportunity for the right investor to reposition the asset, add value, and significantly increase rental income. With strong demand for student and workforce housing in the area, this is the perfect value-add project to maximize returns and build long-term equity. Also has tons of potential to add ADU and JR ADU into the lot. Be sure to check with the city for requirements and approvals. Don’t miss out — opportunities like this in prime LA locations are rare!
Nearby schools
5/10
Twentieth Street Elementary School
Public,•K-5•0.0mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.6mi
4/10
Nevin Avenue Elementary School
Public,•K-5•0.7mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.8mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•1.0mi
2/10
Harmony Elementary School
Public,•K-5•1.1mi
4/10
Ascot Avenue Elementary School
Public,•K-5•1.3mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.5mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.8mi
2/10
Hooper Avenue Elementary School
Public,•1-5•1.8mi
2/10
Aurora Elementary School
Public,•K-5•1.9mi
2/10
Holmes Avenue Elementary School
Public,•K-6•1.9mi
5/10
Lillian Street Elementary School
Public,•K-6•2.5mi
5/10
Estrella Elementary School
Public,•K-5•2.5mi
5/10
Pacific Boulevard School
Public,•K-5•2.6mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.4mi
3/10
George Washington Carver Middle School
Public,•6-8•1.4mi
6/10
Vernon City Elementary School
Public,•K-7•1.7mi
3/10
Los Angeles Academy Middle
Public,•6-8•2.2mi
3/10
Thomas A. Edison Middle School
Public,•6-8•2.8mi
3/10
Henry T. Gage Middle School
Public,•6-8•3.4mi
5/10
Santee Education Complex
Public,•9-12•0.8mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.9mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.9mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•2.3mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•2.5mi
4/10
Huntington Park Senior High School
Public,•9-12•3.0mi
3/10
John C. Fremont Senior High School
Public,•9-12•3.8mi
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (23 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,380 | 2,022 | 92% |
| Lot Size | 5,992 | 5,364 | 79% |
| Price | $749K | $710K | 58% |
| Price per square foot | $222 | $345 | 4% |
| Built year | 1964 | 9615962 | 92% |
| HOA | |||
| Days on market | 191 | 178 | 54% |
Condition Rating
Poor
This property, built in 1964, is clearly in a state of severe disrepair, aligning with the 'Poor' condition criteria. The MLS description explicitly states it's being sold 'as-is' and is a 'value-add project' for investors, indicating significant work is needed. The presence of the property in the REAP program often suggests unaddressed code violations or habitability issues. Images reveal exposed water heaters and wiring in living areas, dirty and damaged tile flooring, peeling paint, and general disarray, making it unlivable in its current state. There are no images of the kitchen or bathrooms, which, given the condition of the rest of the interior, are highly likely to require complete renovation. The exterior also shows visible wear and tear. This property requires substantial repairs and rehabilitation to be habitable.
Pros & Cons
Pros
Prime Location: Ideally situated minutes from Vibrant Downtown Los Angeles and USC, catering to strong demand for student and workforce housing.
Income Property & Unit Count: An 8-bedroom, 4-bath quadplex offering multiple income streams, a desirable asset type for investors.
Significant Value-Add Potential: One unit is vacant, providing immediate upside to reposition the asset, increase rental income, and maximize returns.
ADU/JADU Expansion Opportunity: The spacious lot offers potential to add Accessory Dwelling Units (ADUs) and Junior ADUs, further increasing density and income.
Ample Parking: Rare for the area, the property boasts ample parking in front, rear, and off-street, a significant advantage in a dense urban environment.
Cons
REAP Program & Under-Market Rents: Currently under the REAP program with units generating an estimated $525/month, indicating significant under-market rents and potential code compliance issues requiring substantial investment.
As-Is Condition: The property is being sold 'as-is,' meaning the buyer assumes all responsibility for necessary repairs, upgrades, and associated costs.
Cash Transaction Preference: The seller is 'looking for cash,' which may limit financing options and the pool of potential buyers, suggesting the property might not qualify for traditional loans.