1335 E 21st Street, Los Angeles, CA 90011
- $925,000
- 8
- BD
- 4
- BA
- 3,188
- SqFt
Listing courtesy of Listing Agent: Dana Coronado (dana@incomepropertiesla.com) from Listing Office: Compass.
- List Price
- $925,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 26990899
- Subtype
- Residential Income
- Year Built
- 1965
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 3,188
- Lot Size
- 6,047
- Acres
- 0.14
- MLS Area Major
- Downtown L.A. (C42)
Property Description
This 4-unit property presents a compelling turnkey investment opportunity with room to grow, featuring a two-story, approximately 3,188 SF building on nearly 6,047 SF of LA[Q]R4-1 zoned land. All 4 units are appx 800 SF 2Br+1Ba units with 8 total parking spaces. The property benefits from stable tenants, many capital improvements, and one fully remodeled unit. Offered at 13.7 GRM and a 5.1% CAP Rate, this is a solid building with strong tenants and good bones. An ideal investment for under $1,000,000 in an area with extremely low historic vacancy, near DTLA, and with significant upside. 70% upside in rents! Additionally, the Seller has multiple feasibility studies and proposals to build up to 2 ADU's in the rear (Buyer to verify). The Seller also has a SB721 Balcony inspection report shows no needed repairs. Conveniently located near Central Avenue, the 10 Freeway, USC, Exposition Park, Downtown Los Angeles, the Fashion District, and LA LIVE, the property offers a combination of current income, value-add potential, and future development upside.
/t.realgeeks.media/resize/300x/https://u.realgeeks.media/chanagedy%252FChana_Gedy_LOGO.png){kind=logo}
Additional Information
- Zoning
- LAR4
- Flooring
- Laminate
- Appliances
- Dishwasher, Microwave, Oven, Refrigerator
- Heating
- Wall Furnace
- Exterior Construction
- Frame, Stucco
- Stories
- Two Levels
- Levels
- Two
- Roof
- Composition, Shingle
- Pool Type
- None
- Parking Features
- Uncovered
- View
- City Lights
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.