We are pleased to present this great income property nearby USC and Downtown Los Angeles (Convention Center, multiple sports arenas, entertainment, and more). The property is 2 homes on 1 lot zoned LAR2. All tenants are current on rent. A total of 3,340 SF (4 bedrooms and 7.5 baths) on a 7,506 SF lot. The front unit (2,006 SF) consists of 4 beds and 3.5 baths plus a den. The back unit (1,334 SF) was built in 2008 and has 4 studio units. One studio unit to be delivered vacant. Gated parking and coin laundry machines on site generating extra income. Conveniently located nearby the 10 and 110 freeways, shopping centers, markets, cafes, and eateries. The cap rate of 6.5% is based on current gross income ($124,800) and expenses with the new property tax amount at the asking price of $1,450,000.
Property Details
Price:
$1,450,000
MLS #:
24439737
Status:
Active
Baths:
0
Address:
807 E 21st Street
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Sep 16, 2024
State:
CA
ZIP:
90011
Lot Size:
7,506 sqft / 0.17 acres (approx)
Year Built:
1898
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Schools
Interior
Fireplace Features
Gas
Exterior
Parking Features
Driveway, Parking Space, Gated
Parking Spots
4.00
Pool Features
None
Roof
Shingle
Security Features
Gated Community, Smoke Detector(s), Carbon Monoxide Detector(s)
Sewer
Other
Spa Features
None
Stories Total
2
Financial
Map
Community
- Address807 E 21st Street Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90011
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Courtesy of Sunnyside Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
807 E 21st Street
Los Angeles, CA
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