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757 E 21St St Los Angeles, CA 90011

$1,120,000 Sold Price as of 02/18/2022

7 Beds
6 Baths
4,248 Sq.Ft.

Sold

$1,120,000 Sold Price as of 02/18/2022 Refinance Your Mortgage

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Map preview of 757 E 21St St, Los Angeles, CA 90011

Property Overview: 757 E 21St St Los Angeles, CA has 7 bedrooms, 6 bathrooms, 4,248 living square feet and 7,504 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer this five unit investment opportunity, located in the City of Los Angeles. The unit mix consists of four 1+1 units and one 3+2 SFR. The investment consists of approximately 4,248 of rentable square feet and is situated on an approximately 7,503 square foot parcel. Recent property upgrades include updated aluminum windows throughout, new exterior lighting, new exterior paint, new exterior building and unit numbers, and four of the units have been recently renovated. The building amenities include a large driveway with four parking spaces, brand new security cameras throughout, and the property is separately metered for both gas & electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance and the property is not subject to the Los Angeles Soft-Story Retrofit Program.

Listed by Griffin White | BRE #02031785 | BRC Advisors- BH
Co-listed by Ian Hollinger | BRE #01889125 | BRC Advisors- BH

Last checked: 13 minutes ago | Last updated: May 5th, 2022 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft: 7,504
HOA Dues: $0/mo
Year built: 1897
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 21107191
City: Los Angeles
County: Los Angeles
Time on Site: 1032 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 5
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $2,660
Total Rent: $2,660
Pro Forma/Market Rent: $2,735

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $295
Total Rent: $295
Pro Forma/Market Rent: $1,765

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,760
Total Rent: $1,760
Pro Forma/Market Rent: $1,765

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,670
Total Rent: $1,670
Pro Forma/Market Rent: $1,765

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,735
Total Rent: $1,735
Pro Forma/Market Rent: $1,765

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 11.65
Gross Scheduled Income: --
Net Operating Income: $67,331
Gross Operating Income: $95,491

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 757 E 21St St

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 4
Has Parking
Parking Features: Garage, Driveway

Property Information

Total # of Units: 5
Parcel Number: 5131011019

Location / Neighborhood

Location Information

Directions: The subject property is located in the City of Los Angeles. The property is situated south of Washington Boulevard, North of Adams Boulevard, West of Central Avenue and East of San Pedro Street.

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Local Los Angeles Agent

Sale History for 757 E 21St St

Last sold for $1,120,000 on February 18th, 2022

February, 2022
Feb 18, 2022

Date

Sold

CRMLS: 21107191

$1,120,000

Price
Nov 22, 2021

Date

Active

CRMLS: 21107191

$1,135,000

Price
July, 2020
Jul 29, 2020

Date

Sold (Public Records)

Public Records

$650,000

Price
March, 2017
Mar 23, 2017

Date

Sold (Public Records)

Public Records

$565,000

Price

Tax History for 757 E 21St St

Assessed Value (2020): $599,581

Year	Land Value	Improved Value	Assessed Value
2020	$387,340	$212,241	$599,581

Home Value Compared to the Market

This property vs the competition

757 E 21St St sold on February 18, 2022 for 1.34% 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 $267.18 per/sqft which puts the price per square foot 63.1% lower than the current median sale per square foot for the city of Los Angeles.

About 757 E 21St St

Detailed summary of property

757 E 21St St is a multi family that recently sold in Los Angeles, CA 90011. This multi family property offered 7 bedrooms, 6 bathrooms, roughly 4,248 living square feet, and sits on an approximately 7,504 square foot lot. 757 E 21St St was first listed on ArdentRealEstateGroup.com on November 22, 2021. The homeowner sold the property for $1,120,000. 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 1.34% higher than the current median priced home. Local homes that are currently for sale include 1247 E Vernon Ave, 4355 S Avalon Blvd and 1609 Oak St. While the average home in Los Angeles, CA is selling in 106 days, 757 E 21St St has a days on market of 2 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 757 E 21St St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 757 E 21St St

Public county record property details

Beds: 6
Baths: 5
Year built: 1897
Sq. Ft.: 4,248
Lot Size: 7,503
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 19
APN: 5131-011-019

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$620,000

Median List Price/Sq.Ft.

$532

Median Sold Price

$590,000

Median Sold Price/Sq.Ft.

$438

Total Inventory

Median Sale to List Price %

102.61%

Avg Days on Market

Loan Type

Conventional (0%), FHA (83.33%), 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.