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5135 W 21St St, Los Angeles, CA 90016
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5135 W 21St St Los Angeles, CA 90016

$1,625,000 Sold Price as of 08/10/2020
  • 6 Beds
  • 6 Baths
  • -- Sq.Ft.
Sold
$1,625,000 Sold Price as of 08/10/2020 Refinance Your Mortgage
Map preview of 5135 W 21St St, Los Angeles, CA 90016

Property Overview: 5135 W 21St St Los Angeles, CA has 6 bedrooms, 6 bathrooms, -- living square feet and 8,400 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Charming six-unit apartment complex in the desirable Mid-City neighborhood near up and coming Downtown West Adams. This is a remodeled vintage building with lots of character. The units are unusually large with hardwood flooring and ornate design features. Plenty of rental upside potential with an ideal unit mix of 2x large studios, 2x one-bedrooms, and 2x two-bedroom units. There are four covered carports, and two uncovered parking spaces. Street parking is very easy. There's a laundry room on-site and a storage room for the owner. The street is tree-lined and quiet, with easy access to the 10 Freeway, Beverly Hills, Culver City, Downtown LA, and Historical West Adams. One studio can be delivered vacant. All tenants current on rents.

Listed by Dan Kolodziejski | BRE #00655202 | Clement Partners Real Estate
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
8,400
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20604000
City
Los Angeles
County
Los Angeles
Time on Site
1346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,496
  • Total Rent: $2,991
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,023
  • Total Rent: $4,046
  • Pro Forma/Market Rent: $5,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.62
  • Gross Scheduled Income: --
  • Net Operating Income: $79,978
  • Gross Operating Income: $117,551
  • Laundry Income: $360
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5135 W 21St St

Interior Features
Fireplace Information
  • Has Fireplace
  • Bath, Dining Room, Den, Kitchen, Living Room, Electric
Room Information
  • Flooring: Wood, Laminate
  • Atrium
Kitchen Information
  • Has Appliances
  • Disposal, Refrigerator, Oven, Gas Oven
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Covered, Detached Carport
Property Information
  • Total # of Units: 6
  • Parcel Number: 5062007014
  • Foundation Details: Concrete Perimeter
  • Property Condition: Updated/Remodeled
Location / Neighborhood
Location Information
  • Directions: South of Washington Blvd, North of Adams Blvd. East of Hauser Blvd, West of La Brea Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 5135 W 21St St

Last sold for $1,625,000 on August 10th, 2020

  • August, 2020

  • Aug 12, 2020

    Date

    Sold

    CRMLS: 20604000

    $1,625,000

    Price

  • Jul 28, 2020

    Date

    Active Under Contract

    CRMLS: 20604000

    $1,650,000

    Price

  • Jul 16, 2020

    Date

    Active

    CRMLS: 20604000

    $1,650,000

    Price

  • Jul 14, 2020

    Date

    Coming Soon

    CRMLS: 20604000

    $1,650,000

    Price

  • August, 2020

  • Aug 10, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,625,000

    Price

  • May, 2016

  • May 20, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,025,000

    Price

  • March, 2016

  • Mar 24, 2016

    Date

    Price Change

    CRMLS: 16108488

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Great value-add with tremendous upside potential. The property features 6 units with a mixture of 2 two bedroom one bath, 2 One bedroom one bath and 2 Studio units with a bathroom. Building is 100% occupied and offers investors a great value-add opportunity in a high demographic area. New roof has been done this year as well as remodeling of two units, each unit is individually metered, on-site laundry facility, parking for 5 cars and storage available. Please do not disturb tenants, drive by only.

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Tax History for 5135 W 21St St

Assessed Value (2020): $1,109,491
Year Land Value Improved Value Assessed Value
2020 $779,350 $330,141 $1,109,491

Home Value Compared to the Market

This property vs the competition

5135 W 21St St sold on August 10, 2020 for 47.32% higher than the current median sold price for the city of Los Angeles which is $1,120,000.

About 5135 W 21St St

Detailed summary of property

5135 W 21St St is a multi family that recently sold in Los Angeles, CA 90016. This multi family property offered 6 bedrooms, 6 bathrooms, roughly -- living square feet, and sits on an approximately 8,400 square foot lot. 5135 W 21St St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,625,000. 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 47.32% higher than the current median priced home. Local homes that are currently for sale include 1379 S Orange Dr, 1363 Hauser Blvd and 1373 S Orange Dr. While the average home in Los Angeles, CA is selling in 106 days, 5135 W 21St St has a days on market of 12 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 5135 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 5135 W 21St St

Public county record property details
Beds
8
Baths
6
Year built
1928
Sq. Ft.
5,642
Lot Size
8,400
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
944
APN
5062-007-014

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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