Homes for sale - 5139 W 21st ST, Los Angeles, CA 90016

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Debra Greco

grecohomesre@gmail.com +1(562) 508-7000

$ 1,200,000

Est. payment | -/mo

8 Beds

4 Baths

5,770 SqFt

Save

$ 1,200,000

Est. payment | -/mo

Save

8 Beds

4 Baths

5,770 SqFt

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

Listed by Keith Moret • Lyon Stahl Investment Real Estate, Inc.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 508-7000

grecohomesre@gmail.com

5280 E 2nd St, Long Beach, CA, 90803, USA

5139 W 21st ST Los Angeles, CA 90016