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$815,000

FOR SALE
Active

1352 E 21st Street

Los Angeles, CA

MLS# SB26201918

Apartment
52 days on marketNalren refreshed

Listing Agent

Aaron Jacobson

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

DRE #: 02100737

(310) 729-1559

Brokerage: Lyon Stahl Investment Real Estate, Inc.

William James

Co-Listing Agent

Lyon Stahl Investment Real Estate, Inc.

DRE #: 01734419

Brokerage: Lyon Stahl Investment Real Estate, Inc.

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

1907

Year Built

8,639 sqft

Lot Size

N/A

Price/Sq Ft

8

Garage Spaces

N/A

HOA

Apartment

Property Type

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.

Facts & Features

Interior

Laundry Features
None

Exterior

Private Pool
No
Lot Features
0–1 Acre Lot

Building

Year Built
1907
Building Area Total
5,184
Stories Total
2

Utilities

Sewer
Public Sewer
Water Source
Public

Parking

Garage Spaces
8
Parking Total
8

Sale history for 1352 E 21ST Street

  • Sold $785,000 in July 2019 · MLS #19446436 · Source: CRMLS
  • Sold $750,000 in June 2018 · MLS #SB18108671 · Source: CRMLS

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