4006 W 21St St Los Angeles, CA 90018

Agent Remarks: Rare Opportunity in highly desirable Arlington Heights, ideally located neighboring Country Club Park, Western Heights, Koreatown, and West Adams, near the heart of vibrant Mid-City. This Two-Story Spanish Colonial Style Duplex built in 1923 has exceptional appeal. If you are a developer, investor or owner/user looking for a prime asset in a rapidly appreciating neighborhood, this is it! Attractive, given its timeless craftmanship and its location within minutes of the 10 and 405 FWY. An easy commute by car or public transit across Los Angeles to DTLA, LAX, employment centers, restaurants of diverse cuisines, shopping, museums, and Westside beaches! Arlington Heights is a great place to live and an ideal location to own multifamily property. The downstairs and upstairs units have nearly identical floor plans with 2 bedrooms and 1 bathroom, a spacious living room, formal dining room, kitchen and laundry room boasting nearly 1,450 sq feet each. Each unit has the feel of your very own single-family home. For those looking to maximize value, the (3) 1-car garages, currently used for storage, present the potential for conversion into ADUs, further increasing rental income. Additionally, new roof was installed in 2021. With 2,900 square feet of living space on a 6,098 square foot LARD2 zoned TOC Tier 2 lot, this property offers versatility, location, and huge upside potential at market rents or upon redevelopment. Existing rents are low and both units will be delivered AS-IS, tenant occupied. This is a community experiencing a tremendous growth with incredible historic landmarks and amazing architecture sprawled throughout. Investment in this area is poised to appreciate for years to come. Submit offer subject to interior inspection today.

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