1335 E 21st St, Los Angeles, CA 90011
- $925,000
- 8
- BD
- 4
- BA
- 3,188
- SqFt
Courtesy of Compass, Dana Coronado - CA DRE#01746702
- List Price
- $925,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 26990899
- Style
- Low Rise
- Year Built
- 1965
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 3,188
- Lot Size
- 6,047
- Acres
- 0.14
- MLS Area Major
- Downtown L.A.
Property Description
This 4-unit property presents a compelling value-add opportunity, 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 solid, long-term tenants, including one remodeled unit near market rent at approximately $1,900/month. Offered at an under 14 GRM and a 4.76% 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.The Seller believes it is possible to build up to 2 ADU's in the rear (Buyer to verify) 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.
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Additional Information
- Interior Features
- Turnkey
- Property Description
- Low Rise
- Air Conditioning
- Window Unit(s)
- Stories
- 2
- Pool Type
- None
- View
- City
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