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$925,000

Est. payment - /mo

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8 Beds

4 Baths

3,188 SqFt

New

1335 E 21st ST Los Angeles, CA 90011

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Te Hsuan Chao

goal2realtor.alex@gmail.com +1(562) 652-8619

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,188 sqft

Price per Sqft $290

MLS Listing ID 26990899

Bedrooms 8

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1965

Lot Size 6,046 Sqft

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

Area C42 - Downtown L.A.

Zoning LAR4

Interior

Heating Wall Furnace

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Microwave, Oven, Refrigerator

Exterior

Parking Features Uncovered

Pool None

Community Features Gated

View Y/N Yes

View City Lights

Roof Type Composition,Shingle

Accessibility None

Porch Covered

Total Parking Spaces 8

Private Pool No

Building

Faces South

Story 2

Entry Level Two

Foundation Raised

Sewer Sewer Tap Paid

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5119001013

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Dana Coronado Compass #01746702

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Te Hsuan Chao

Agent

+1(562) 652-8619

1335 E 21st ST Los Angeles, CA 90011

Te Hsuan Chao

Key Details

Location

Interior

Exterior

Building

Others

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1335 E 21st ST