Active
5139 W 21st St
Los Angeles CA, 90016
$1,200,000
$207.97 per sqft
Active
8 Beds
4 Baths
5,770 sqft
Multi-family
Built in 1946
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.
25-479205
MLSⓇ ID
January 9, 2025
Listed
January 14, 2025
Updated
Map
5139 W 21st St
Los Angeles CA, 90016
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
4
Appliances
Gas Dryer Hookup, Garbage Disposal, Stackable W/D Hookup
Laundry Description
In Unit
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.19 Acres
Architectual Style
Mid-Century
Other Property Details
Area Name
Mid Los Angeles
Days on Market
8
Garage
Yes
Garage Spaces
8
Parking
Detached, Covered Parking
Parking Total
8
View
No
County
Los Angeles
Water Source
District
Pool
No
Zoning
LARD2
Listed by Keith Moret with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-617-2240
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©2025 Combined L.A./Westside MLS. All rights reserved.
Data last updated 1/14/2025