$695,000

663 W 21st Street, Los Angeles, CA 90007

5 beds
2,376 sqft

other
Built in 1928
2,178sqft lot
—— car garage
$293/sqft
Listed 6 days ago

Property Description

Prime investment opportunity near the heart of Downtown Los Angeles and the highly sought-after USC area! Welcome to 633 W 21st Street, a well-maintained three-unit residential income property offering strong rents, updated interiors, low operating costs, and exceptional long-term upside. Nestled in a high-demand rental corridor west of the 110 Freeway, north of Adams Blvd, south of Washington Blvd, and between Figueroa & Hoover, this location provides unbeatable access to USC, Exposition Park, LA Coliseum, Banc of California Stadium, Downtown LA job centers, public transit, and major freeways.This two-story building features an excellent unit mix ideal for stable cash flow: one 3-bedroom/3-bath unit, and two 1-bedroom/1-bath units. The property delivers a combined monthly rent of $5,887, producing $70,644 in annual gross income, supported by a strong 7% cap rate and 9.9 GRMa rare find in this location and price segment. Current rents: 1BR @ $1,510, 1BR @ $1,673, and 3BR @ $2,740. Units are in move-in condition with remodeled interiors and modern finishes. Building is separately metered for electricity and gas, reducing expenses and simplifying management.This property is FHA-eligible, making it an outstanding opportunity for first-time buyers seeking to live in one unit and let

Listing Status:: Active
Date Added:: February 26, 2026
Data Last Updated:: March 4, 2026 at 6:06AM
Listing Office:: Keller Williams Beverly Hills : 310-432-6400
Listing Agent:: Eliza Kerndian : 310-924-7244
MLS ID:: CL26657335

Heating: Wall Furnace

Parking: Street Parking

Originating MLS: CRMLS
County: Los Angeles

Zoning: LAR45124033005

Source: CRMLS

This listing courtesy of Eliza Kerndian , Keller Williams Beverly Hills

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Norwood Street Elementary School

2020 Oak St, Los Angeles, CA, 90007

Grades KG-5

0.23 miles away

Thirty-Second Street Usc Performing Arts

822 W 32nd St, Los Angeles, CA, 90007

Grades KG-12

0.72 miles away

Early College Academy-la Trade Tech College

400 W Washington Blvd, Los Angeles, CA, 90015

Grades 9-12

0.33 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.