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23045552
23045555

1038 W 21st Street, Los Angeles, CA 90007

AA
CA 02112152
JohnHart Real Estate Glendale
Listed by JohnHart Real Estate Glendale
$975,000
407 days on market
Updated 71 days ago

1038 W 21st Street

Details
APN 5124005005
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,006
Units 5
Cap Rate 6.35%
NOI $61,898
Pro-Forma Cap Rate 10.5%
Pro-Forma NOI $102,400
Broker Co-Op Yes
Year Built 1914
Buildings 1
Stories 2
Acreage 0.149
Zoning Assessor
Investment Type Owner/User
Ground Lease No
Ownership Trust
Sale Condition 1031 exchange

MOTIVATED SELLER Prime location near USC Great for Student Housing

Marketing description

Located just blocks from USC in the heart of Los Angeles, this prime investment property features two buildings: a front four-unit structure with 1-bedroom, 1-bath units, and a rear detached single-family home with 3 bedrooms and 2 baths. Ideal for student housing or long-term investment, it offers strong rental potential in a high-demand area. The seller complies with Los Angeles Rent Control regulations and provides tenant relocation credits up to the maximum allowed. A rare opportunity combining location, value, and income potential.

Investment highlights

INVESTMENT HIGHLIGHTS – MOTIVATED SELLER
1038 W 21st St., Los Angeles, CA

Prime Location: Situated in the heart of Los Angeles, just minutes from the prestigious USC campus and vibrant Downtown LA, this property benefits from a high-demand rental market.

Diverse Income Potential: This unique asset features a well-maintained 4-plex at the front and a single-family residence at the rear, offering multiple streams of rental income.

Consistent Tenant Demand: The property’s close proximity to USC guarantees a steady influx of students and professionals seeking housing, ensuring stable occupancy rates.

Strong Rental Market Growth: The surrounding area continues to experience increased development and appreciation, making this an excellent long-term investment opportunity.

Turnkey Investment: Well-maintained units allow for seamless acquisition with minimal renovation needs, enabling investors to capitalize on cash flow immediately.

Strategic Investment Opportunity: Positioned for both immediate rental income and long-term appreciation, this multi-family property is a rare opportunity for investors looking to expand their portfolio.

📢 Drive-by viewings only! Please respect tenant privacy—do not contact residents directly. Detailed financials and additional property information are available upon request for qualified buyers.

Don’t miss this golden opportunity—secure a prime investment near USC and Downtown LA today!

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Listing Contacts

AA
CA 02112152
JohnHart Real Estate Glendale
Listed by JohnHart Real Estate Glendale

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$61,898.00
$5,158.17/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
ROI

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Additional Information

Name
Alex Avilez
License
02112152
Brokerage
SoCal Power Brokers Inc.
Brokerage Phone
9096000944
Title
Broker
Brokerage Address
1710 West Cameron Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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