See all 26 photos
26 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$815,000
Est. payment /mo
5,184 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,184 sqft
Price per Sqft $157
MLS Listing ID SB-26201918
Year Built 1907
Lot Size 8,639 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
1352 E 21st St presents an exceptional opportunity to acquire a 5 unit multifamily property in Los Angeles, offered at $815,000. The building consists of (2) 1 Bed/1 Bath, (2) 2 Bed/1 Bath, and (1) 3 Bed/1 Bath Units, providing a desirable unit mix that caters to a wide
tenant pool. Additionally, the property provides 8 parking spaces, all situated on 5,184 rentable square feet. With a 7.15% Cap Rate and 8.81 GRM, the asset delivers solid day- one returns while still offering room to enhance value through rent optimization. Pro forma rents reflect a 45.27% increase in scheduled income, highlighting meaningful value-add upside. Located in a growing pocket of Los Angeles, the property is surrounded by trendy cafes, popular restaurants, and boutique retail, with convenient access to Downtown Los Angeles and major transit corridors. The area's strong rental demand and ongoing revitalization continue to support long-term appreciation.
tenant pool. Additionally, the property provides 8 parking spaces, all situated on 5,184 rentable square feet. With a 7.15% Cap Rate and 8.81 GRM, the asset delivers solid day- one returns while still offering room to enhance value through rent optimization. Pro forma rents reflect a 45.27% increase in scheduled income, highlighting meaningful value-add upside. Located in a growing pocket of Los Angeles, the property is surrounded by trendy cafes, popular restaurants, and boutique retail, with convenient access to Downtown Los Angeles and major transit corridors. The area's strong rental demand and ongoing revitalization continue to support long-term appreciation.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Laundry None
Exterior
Garage Spaces 8.0
Pool None
Community Features Curbs, Sidewalks, Suburban, Urban
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Read Less Info
Nearby Locations
GET MORE INFORMATION
John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900