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 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Gary Glass | CA DRE# 00933169 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2025 Combined L.A./Westside MLS. All rights reserved.

Data last updated 1/14/2025

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