5139 W 21st ST new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90016
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,770 sqft
Price per Sqft $207
MLS Listing ID 25479205
Bedrooms 8
HOA Y/N No
Year Built 1946
Lot Size 8,402 Sqft
Property Description
This charming 6 Unit Apartment building in the classic Mid-Century modern style will make a valuable addition to any portfolio. The units are huge, averaging over 960 SF each. The Unit mix is very desirable with (2) 2BR/1BA units and (4) Large 1BR/1BA units. Each unit has front and back entries and Washer/Dryer hookups. The building sits on a large lot of 8403 SF and there might be opportunities to convert the 4 garages to ADU's (check with the City of LA for details). There are mature trees and hedges and a charming walkway to access the back units. There is garage parking for eight cars and the units are separately metered for gas and electricity ensuring low operational costs. The building occupies a very dynamic spot in the mid-city neighborhood with major new development and re-habs ongoing in the surrounding area. The Expo/La Brea station is just over a mile away and excellent dining options like Roscoe's Chicken and Waffles, entertainment at the nearby Nate Holden Performing Arts Center and recreation at the Michelle and Barack Obama Sport Complex. There is almost 70% upside in the current rents and one unit will be delivered vacant at close of escrow. The property has enjoyed long-term professional management and the same family ownership for over 30 years. This is an excellent investment opportunity awaiting your call.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD2
Interior
Heating Natural Gas
Cooling None
Fireplace No
Appliance Gas Cooktop,Disposal,Gas Oven
Laundry Stacked
Exterior
Parking Features Covered
Garage Spaces 8.0
Garage Description 8.0
Attached Garage No
Total Parking Spaces 8
Building
Faces South
Story 2
Entry Level Two
Water Public
Architectural Style Mid-Century Modern
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5062007015
Financing Cash
Special Listing Condition Standard