$925,000

1335 E 21st Street, Los Angeles, CA 90011

  • 8 beds
  • 3,188 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1965
  • Property Lot Size Icon6,098sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $290/sqft
  • Property List Date Icon Listed 15 days ago

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.

Listing Status:
Active
Date Added:
September 23, 2026
Data Last Updated:
October 8, 2026 at 7:09PM
Listing Office:
Compass : 818-783-7721
Listing Agent:
Dana Coronado : 310-562-9630
MLS ID:
CL26990899
  • Flooring: Laminate
  • Heating: Wall Furnace
  • Parking: OtherUncovered Parking SpaceParking spaces: 8
  • General: StuccoOther
  • County: Los Angeles
  • Zoning: LAR45119001013
  • View: City LightsView
  • Water: Other

This listing courtesy of Dana Coronado , Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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