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$ 925,000
Est. payment /mo
New
1335 E 21st Street Los Angeles, CA 90011
8 Beds
3,188 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,188 sqft
Price per Sqft $290
MLS Listing ID CL26990899
Bedrooms 8
HOA Y/N No
Year Built 1965
Lot Size 6,047 Sqft
Acres 0.14
Property Sub-Type OTHER
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.
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Heating Wall Furnace
Flooring Laminate
Fireplace No
Exterior
View Y/N true
View City Lights
Total Parking Spaces 8
Building
Water Other
New Construction No
Others
Tax ID 5119001013
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Listed by Dana Coronado • Compass