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Listed by Aaron Jacobson, DRE #02100737 • Lyon Stahl Investment Real Estate, Inc.
$ 815,000
Est. payment /mo
Active
1352 E 21st ST Los Angeles, CA 90011
8,639 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26201918
Year Built 1907
Lot Size 8,639 Sqft
Source California Regional MLS
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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Laundry None
Exterior
Garage Spaces 8.0
Pool None
Building
Water District - Public
Others
Tax ID 5119004003
Special Listing Condition Not Applicable
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