714-745-2708

1335 E 21st Street, Los Angeles, CA 90011

$925,000 Approx. USD 8 beds, 4 baths
3,188 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Dana Coronado | dana@incomepropertiesla.com
Lic#: 01746702
Broker: Courtesy of Compass
Phone: 310-562-9630

Agent Remarks

This 4-unit property presents a compelling turnkey investment opportunity with room to grow, featuring a two-story, approximately 3,188 SF building on nearly 6,047 SF of LA[Q]R4-1 zoned land. All 4 units are appx 800 SF 2Br+1Ba units with 8 total parking spaces. The property benefits from stable tenants, many capital improvements, and one fully remodeled unit. Offered at 13.7 GRM and a 5.1% CAP Rate, this is a solid building with strong tenants and good bones. An ideal investment for under $1,000,000 in an area with extremely low historic vacancy, near DTLA, and with significant upside. 70% upside in rents! Additionally, the Seller has multiple feasibility studies and proposals to build up to 2 ADU's in the rear (Buyer to verify). The Seller also has a SB721 Balcony inspection report shows no needed repairs. Conveniently located near Central Avenue, the 10 Freeway, USC, Exposition Park, Downtown Los Angeles, the Fashion District, and LA LIVE, the property offers a combination of current income, value-add potential, and future development upside.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26990899

Price: $925,000

Beds: 8

Baths: 4

None fireplaces

Built in 1965

3,188 sqft

2 stories

0.14 acres

Lot size: 0.1388

County: Los Angeles

Zoning: LAR4

Construction: Frame,Stucco

Appliances: Dishwasher,Microwave,Oven,Refrigerator

Parking description: Uncovered

Heating description: Wall Furnace

MLS area: C42 - Downtown L.A.

Last Updated: 9/24/2026

Days On Market (DOM): 7

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.022068, -118.251150.
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