1352 E 21st Street, Los Angeles, CA 90011
- $815,000
- List Price
- $815,000
- Status
- ACTIVE
- MLS#
- SB26201918
- Year Built
- 1907
- Lot Size
- 8,639
- Acres
- 0.20
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Apartment
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.
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 8
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $92,520
- Operating Expense
- 31443
Listing courtesy of Listing Agent: Aaron Jacobson (aaron@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
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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.