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5079 W 21St St, Los Angeles, CA 90016
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5079 W 21St St Los Angeles, CA 90016

$1,550,000 Sold Price as of 09/16/2021
  • 7 Beds
  • 5 Baths
  • 4,113 Sq.Ft.
Sold
$1,550,000 Sold Price as of 09/16/2021 Refinance Your Mortgage
Map preview of 5079 W 21St St, Los Angeles, CA 90016

Property Overview: 5079 W 21St St Los Angeles, CA has 7 bedrooms, 5 bathrooms, 4,113 living square feet and 8,399 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 5 Units on a huge lot (8,400 SF) in the highly sought-after Mid-City neighborhood. Excellent unit mix of (2) 2BR/1BA units and (3) 1 BR/1BA units. The property is on a 8,400 SF gated lot with wrought iron perimeter fence and electric gate. Newer roof, new paint, some copper plumbing, low-water landscaping, and garage parking for 5 cars. All units have Washer/ Dryer hook-ups. Separate meters- tenants pay gas, electric & trash, keeping expenses low. NO seismic earthquake retrofit required. Great investment property with lots of room in rents and value-add opportunity. Large lot investor to check potential for ADU. Please see Docs for Offering Memorandum and Financials/Rent Roll.

Listed by Linda Light | BRE #00786737 | Coldwell Banker Realty
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
8,399
HOA Dues
$0/mo
Year built
--
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
21758550
City
Los Angeles
County
Los Angeles
Time on Site
1164 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,113
  • Total Rent: $1,131
  • Pro Forma/Market Rent: $1,131
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,432
  • Total Rent: $1,432
  • Pro Forma/Market Rent: $1,432
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $849
  • Total Rent: $849
  • Pro Forma/Market Rent: $849
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,585
  • Total Rent: $1,585
  • Pro Forma/Market Rent: $1,585
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 19.18
  • Gross Scheduled Income: --
  • Net Operating Income: $53,561
  • Gross Operating Income: $83,148
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5079 W 21St St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Laminate, Tile, Wood
Kitchen Information
  • Has Appliances
  • Disposal, Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Detached Carport
Property Information
  • Total # of Units: 5
  • Parcel Number: 5062007006
Location / Neighborhood
Location Information
  • Directions: South of Washington, West of La Brea
View more facts & features

Local Los Angeles Agent

Sale History for 5079 W 21St St

Last sold for $1,550,000 on September 16th, 2021

  • August, 2021

  • Aug 6, 2021

    Date

    Active Under Contract

    CRMLS: 21758550

    $1,595,000

    Price

  • Jul 13, 2021

    Date

    Active

    CRMLS: 21758550

    $1,595,000

    Price

  • July, 2021

  • Jul 13, 2021

    Date

    Canceled

    CRMLS: 21713074

    $1,649,000

    Price

  • May 19, 2021

    Date

    Price Change

    CRMLS: 21713074

    $1,649,000

    Price

  • Apr 25, 2021

    Date

    Price Change

    CRMLS: 21713074

    $1,685,000

    Price

  • Apr 17, 2021

    Date

    Active

    CRMLS: 21713074

    $1,699,000

    Price

  • Listing provided courtesy of CRMLS

    5 Units on a huge lot (8,401 SF) in the highly sought-after Mid-City neighborhood. Excellent unit mix of (2) 2BR/1BA units and (3) 1 BR/1BA units. The property is on 8400 SF gated lot with wrought iron perimeter fence and electric gate. Newer roof, new paint, some copper plumber, low water landscaped, garage parking for 5 cars, separate meters, tenants pay gas, electric & trash keeping expenses low. No seismic earthquake retrofit required. Great investment property with lots of room in rents and value-add opportunity. Large lot investor to check potential for ADU.

  • May, 2018

  • May 2, 2018

    Date

    Sold

    CRMLS: 18321410

    $1,230,000

    Price

  • Mar 22, 2018

    Date

    Active Under Contract

    CRMLS: 18321410

    $1,250,000

    Price

  • Mar 10, 2018

    Date

    Active

    CRMLS: 18321410

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    5 Units on huge lot in an excellent Mid-City Neighborhood. First time on market in over a decade. The property is on 8400 SF lot with wrought iron perimeter fence and electric gate. There are (2) 2BR/1BA units and (3) 1BR/1BA units -with 35% upside! There is garage parking for 5 cars , and tenants pay gas, electric & trash keeping expenses low .No seismic eq retorfit required. This is a classic value-add opportunity in an up and coming area -Don't miss out!

  • May, 2018

  • May 1, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,230,000

    Price

  • March, 2005

  • Mar 25, 2005

    Date

    Sold (Public Records)

    Public Records

    $725,000

    Price

Show More

Tax History for 5079 W 21St St

Assessed Value (2020): $1,279,692
Year Land Value Improved Value Assessed Value
2020 $1,040,400 $239,292 $1,279,692

Home Value Compared to the Market

This property vs the competition

5079 W 21St St sold on September 16, 2021 for 42.41% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $387.79 per/sqft which puts the price per square foot 46.44% lower than the current median sale per square foot for the city of Los Angeles.

About 5079 W 21St St

Detailed summary of property

5079 W 21St St is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 7 bedrooms, 5 bathrooms, roughly 4,113 living square feet, and sits on an approximately 8,399 square foot lot. 5079 W 21St St was first listed on ArdentRealEstateGroup.com on July 13, 2021. The homeowner sold the property for $1,550,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 42.41% higher than the current median priced home. Local homes that are currently for sale include 1612 S Sierra Bonita Ave, 1363 Hauser Blvd and 1363 Hauser Blvd. While the average home in Los Angeles, CA is selling in 106 days, 5079 W 21St St has a days on market of 9 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 5079 W 21St St Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5079 W 21St St

Public county record property details
Beds
7
Baths
5
Year built
--
Sq. Ft.
4,113
Lot Size
8,400
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
936
APN
5062-007-006

The source for these homes facts are from public records.

90016 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.
$708
Median Sold Price
$1,012,000
Median Sold Price/Sq.Ft.
$691
Total Inventory
82
Median Sale to List Price %
101.2%
Avg Days on Market
35
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (11.76%), 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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