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1038 W 21st St, Los Angeles, CA 90007
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1038 W 21st St Los Angeles, CA 90007

$1,375,000
  • 7 Beds
  • 5 Baths
  • 6,006 Sq.Ft.
For Sale
$1,375,000 Get Pre-Qualified
Map preview of 1038 W 21st St, Los Angeles, CA 90007

Property Overview: 1038 W 21st St Los Angeles, CA has 7 bedrooms, 5 bathrooms, 6,006 living square feet and 6,507 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: **MOTIVATED SELLER**Welcome to 1038 W 21st St.. nestled in the vibrant heart of Los Angeles, mere minutes away from the prestigious USC campus and the dynamic Downtown LA district. This unique offering comprises a well-maintained 4-plex at the front, and there is a single-family residence at the rear of the property. Close proximity to USC and Downtown LA, this property enjoys the benefits of an ever-growing and desirable rental market. The location ensures a steady influx of potential tenants, making it an ideal addition to any investor's portfolio. We kindly request interested parties to conduct drive-by viewings only. Please refrain from contacting the tenants directly. Detailed financials and additional property information are available upon request to qualified buyers. Don't miss out on this golden opportunity to elevate your investment portfolio. Seize the chance to own a multi-family property strategically located near USC and Downtown LA, ensuring both immediate and long-term profitability. Contact us today to take the next step in securing your financial success.

Listed by Alex Avilez | BRE #01271332 | Alex Avilez, Broker
Last checked: 13 minutes ago | Last updated: May 1st, 2024 | Source CRMLS | DOM: 128
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Home details

Lot Sq. Ft
6,507
HOA Dues
$0/mo
Year built
1914
Garage
--
Property Type:
Apartment
Status
Active
MLS#
CV23230167
City
Los Angeles
County
Los Angeles
Time on Site
127 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $993
  • Total Rent: $993
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,405
  • Total Rent: $1,405
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,181
  • Total Rent: $1,181
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,007
  • Total Rent: $1,007
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $888
  • Total Rent: $888
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $65,688
  • Net Operating Income: $56,642
  • Gross Operating Income: --
  • # of Rented Garages: 0
Annual Expense Breakdown
  • Total Operating Expense: $9,046
  • Trash: $0
  • Insurance: $3,866
  • Professional Management: $0
  • Water/Sewer: $1,200

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Property Details for 1038 W 21st St

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level with Street, Level, Near Public Transit, No Landscaping
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 5124005005
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: 10 fwy exit hoover. south left on 22nd st and left on union ave then right on 21st.
Neighborhood Information
  • Community Features: Curbs, Park, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1038 W 21st St

Last sold for $255,000 on May 14th, 2003

  • December, 2023

  • Dec 27, 2023

    Date

    Active

    CRMLS: CV23230167

    $1,450,888

    Price

  • October, 2020

  • Oct 13, 2020

    Date

    Price Change

    CRMLS: CV20199396

    $1,250,000

    Price

  • Sep 30, 2020

    Date

    Active

    CRMLS: CV20199396

    $1,350,000

    Price

  • Sep 23, 2020

    Date

    Price Change

    CRMLS: CV20199396

    $1,350,000

    Price

  • Sep 23, 2020

    Date

    Price Change

    CRMLS: CV20199396

    $1,450,000

    Price

  • Sep 23, 2020

    Date

    Coming Soon

    CRMLS: CV20199396

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    *******PERFECT FOR STUDENT HOUSING**** University Park Area, minutes from USC and Downtown LA. Great Investment opportunity. Seller open to leave in escrow tenant relocation funds with full price offer ,Back house is 3 Bed 1 Bath. Front units are 1 bed 1 bath however the top units can be used as a 2 bed 1 bath. A must addition for your portfolio !

  • May, 2003

  • May 14, 2003

    Date

    Sold (Public Records)

    Public Records

    $255,000

    Price

Show More

Tax History for 1038 W 21st St

Assessed Value (2020): $337,984
Year Land Value Improved Value Assessed Value
2020 $165,531 $172,453 $337,984

Home Value Compared to the Market

This property vs the competition

1038 W 21st St is listed 12.24% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $228.94 per/sqft which puts the price per square foot 70.42% lower than the median price per square foot for the city of Los Angeles.

About 1038 W 21st St

Detailed summary of property

1038 W 21st St is a apartment located in Los Angeles, CA 90007 and is currently for sale. This apartment offers 7 bedrooms, 5 bathrooms, roughly 6,006 living square feet, and sits on an approximately 6,507 square foot lot. 1038 W 21st St was first listed on ArdentRealEstateGroup.com on December 27, 2023. The homeowner is currently asking $1,375,000 and was originally asking $1,450,888. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 12.24% higher than the median priced home. Local competing homes currently for sale include 1702 S Hoover St, 1324 Toberman St and 1718 S New England St. While the average home in Los Angeles, CA is selling in 96 days, 1038 W 21st St has a days on market of 128 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1038 W 21st St Los Angeles, CA 90007 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1038 W 21st St

Public county record property details
Beds
4
Baths
5
Year built
1914
Sq. Ft.
6,006
Lot Size
6,504
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5124-005-005

The source for these homes facts are from public records.

90007 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,000,000
Median List Price/Sq.Ft.
$616
Median Sold Price
$710,000
Median Sold Price/Sq.Ft.
$645
Total Inventory
10
Median Sale to List Price %
94.79%
Avg Days on Market
63
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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