map Map favorite Favorite share Share image 9 Photos print Print
Photo
Photo Photo

5139 W 21St Street

Los Angeles, CA 90016

$1,200,000

List Price

8

bed Beds

4

shower Baths

5,770 sqft

straighten / sqft

1946

calendar_month Built

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.

Listing Information

List Price $1,200,000
Status Active
MLS 25479205
Type Residential Income
Year Built 1946
Lot Size 8,403
Structure Size 5,770
DOM 6
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent Keith Moret DRE#01802527
Co-Listing Agent Nicholas Ensbury DRE#02012167

Interior Features

Laundry Information
Location(s) Stacked
Total Bedroom
Bedrooms 8
Total Bathroom
Bathrooms 4
Cooling Type
Cooling Type None

Exterior Information

Maps

home_work Nearby Properties

Image

$1,950,000

king_bed N/A
shower N/A
straighten N/A
straighten 8,321
5144 W 21St Street,

Los Angeles, CA 90016
Image

$1,950,000

king_bed N/A
shower N/A
straighten N/A
straighten 8,321
5144 W 21St Street,

Los Angeles, CA 90016
Image

$2,400,000

king_bed N/A
straighten N/A
straighten 8,452
5062 W Washington Boulevard,

Los Angeles, CA 90016
Image

$1,950/month

king_bed 2
shower 1
straighten 616
straighten 5,038
2227 Alsace Avenue, #3/4,

Los Angeles, CA 90016
Image

$1,050,000

king_bed N/A
shower N/A
straighten N/A
straighten 6,440
1877 S Cloverdale Avenue,

Los Angeles, CA 90019

Listing information courtesy of: Keith Moret, Nicholas Ensbury, Lyon Stahl Investment Real Estate, Inc. 310-563-7144. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 9th, 2025 at 11:46 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.