Residential Income — 1352 E 21st Street, Los Angeles, CA
$815,000
1352 E 21st Street, Los Angeles, CA
About this property
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.
Property details
Location
1352 E 21st Street • Los Angeles, CA 90011
Listed by
Aaron Jacobson · Lyon Stahl Investment Real Estate, Inc.
Nearby listings in Los Angeles, CA
- 1427 W 90th Place, Los Angeles, CA · $600,000
- 1530 W 81st Street, Los Angeles, CA · $850,000
- 900 S Wooster Street 2, Los Angeles, CA · $5,495/mo
- 2932 Ledgewood Drive B, Los Angeles, CA · $2,500/mo
- 4917 Orinda Avenue, Los Angeles, CA · $1,199,999
- 4034 Brighton Ave, Los Angeles, CA · $885,000
- 2068 S Hobart Boulevard, Los Angeles, CA · $1,650,000
- 702 Crenshaw Boulevard, Los Angeles, CA · $1,495,000
- 1442 Ellsmere Avenue, Los Angeles, CA · $1,189,000
- 12020 Ocean Park, Los Angeles, CA · $1,699,000
- 333 E 83rd Street, Los Angeles, CA · $525,000
- 751 E 104th Street, Los Angeles, CA · $665,000
Sale history for 1352 E 21st Street → (2 recorded sales)