1335 E 21st Street, Los Angeles, CA — listing photo 1
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FOR SALENew Listing

1335 E 21st Street

Los Angeles, CA 90011
8 Beds
4 Baths
3,188 Sq Ft
Built 1965
$925,000

Property Overview

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.

Home Details

Property type
Residential Income
Year built
1965
Living area
3,188 sq ft
Lot size
6,047 sq ft
Parking
8 spaces
Stories
2
Days on market
8
MLS status
Active
Zoning
LAR4

Features & Amenities

Appliances

  • Dishwasher
  • Microwave
  • Oven
  • Refrigerator

Parking

  • Uncovered

Pool

  • None

Security

  • Carbon Monoxide Detectors
  • Gated Community
  • Smoke Detectors

Community, Schools & Utilities

Community

View
CityLights

Utilities

Heating
WallFurnace
Sewer
SewerTapPaid
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Location & Neighborhood

1335 E 21st Street

Los Angeles, CA 90011

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Frequently Asked Questions About 1335 E 21st Street

Property type: Residential Income

The current asking price is $925,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1335 E 21st Street. Our team will confirm availability and timing.
This 8 bedrooms and 4 bathrooms property offers approximately 3,188 square feet of living space. It was built in 1965. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 8 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

RB

Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Dana Coronado
MLS ID: CLW-X89926

Available property

$925,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.