1335 E 21st Street, Los Angeles, CA 90011
- $925,000
- 8
- BD
- 4
- BA
- 3,188
- SqFt
- List Price
- $925,000
- Status
- ACTIVE
- MLS#
- 26990899
- Year Built
- 1965
- Bedrooms
- 8
- Bathrooms
- 4
- Living Sq. Ft
- 3,188
- Lot Size
- 6,047
- Acres
- 0.14
- Days on Market
- 0
- Property Type
- Multifamily
- Stories
- Two Levels
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.
Additional Information
- Appliances
- Dishwasher, Microwave, Oven, Refrigerator
- Pool Description
- None
- Heat
- Wall Furnace
- View
- City Lights
- Exterior Construction
- Frame, Stucco
- Patio
- Covered
- Roof
- Composition, Shingle
- Sewer
- Sewer Tap Paid
- Attached Structure
- Attached
- Number Of Units Total
- 4
Listing courtesy of Listing Agent: Dana Coronado (dana@incomepropertiesla.com) from Listing Office: Compass.
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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.