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5139 W 21st Street
USD 1,200,000
Property ID: 25479205
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5139 W 21st Street ,90016
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icon 8403 SqFt
icon Built in 1946
icon USD 143/SqFt
icon 8 Beds
icon 4 Full
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Location
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Interior Details
Bedrooms
8
Bathrooms
4
Interior Size
5770
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1946
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Detailed Introduction Of This Home
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.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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5139 W 21st Street
USD 1,200,000 8 Beds
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