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$ 815,000
Est. payment /mo
New
1352 E 21st Street Los Angeles, CA 90011
8 Beds
4 Baths
8,639 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26201918
Bedrooms 8
Lot Size 8,639 Sqft
Property Sub-Type Res Income 2-4 Units
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.
Location
State CA
County Los Angeles
Zoning Assessor
Direction east of Central Avenue and west of Naomi Avenue
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5119004003
Acceptable Financing Cash, Conventional, Land Contract
Listing Terms Cash, Conventional, Land Contract
Listed by Aaron Jacobson, DRE#02100737 Lyon Stahl Investment Real Estate, Inc.
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