1348 E 21st Street, Los Angeles, California 90011, Los Angeles, - bed, bath

home-pic
ACTIVE$685,000
1348 E 21st Street, Los Angeles, California 90011
0Bed
0Bath
2,240Sqft
5,748Lot
Year Built
1935
Close
-
List price
$685K
Original List price
$685K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
DW25145316
Home ConditionFair
Features
View-

About this home

Attention Investors and Agents. This 3-unit multi-family property is located in close proximity to Downtown LA, this property offers the flexibility to either build or continue collecting rent. This large multi-family dwelling is nearing completion just 10 doors down, enhancing the neighborhood's appeal. Currently configured as a 1-bedroom, it can easily be converted to a 2-bedroom with the addition of a simple door. The kitchen includes a cozy dining area, and there's a convenient indoor laundry room. The property has seen various upgrades over the years, ensuring it's wellmaintained. Situated next to the newly revitalized Central Park Recreation Center, residents have access to community pools and recreation rooms. Onsite parking is ample, with direct access at the rear of the property via alley access. The location is unbeatable, with proximity to the Arts District, Fashion District, USC, and a quick commute into Downtown LA. The property has recently passed the LA city inspection, adding peace of mind for potential buyers. Multiple new builds in the immediate area signal ongoing development and increased property value. This is a must-see to appreciate all it offers. Subject to interior inspection. Call with any questions.

Nearby schools

5/10
Twentieth Street Elementary School
Public,K-50.1mi
3/10
Twenty-Eighth Street Elementary School
Public,K-50.6mi
4/10
Nevin Avenue Elementary School
Public,K-50.7mi
4/10
Quincy Jones Elementary School
Public,K-50.7mi
3/10
Wadsworth Avenue Elementary School
Public,K-50.9mi
2/10
Harmony Elementary School
Public,K-51.1mi
4/10
Ascot Avenue Elementary School
Public,K-51.3mi
3/10
Sally Ride Elementary: A Smart Academy
Public,K-51.4mi
2/10
Forty-Ninth Street Elementary School
Public,K-51.7mi
2/10
Hooper Avenue Elementary School
Public,1-51.8mi
2/10
Aurora Elementary School
Public,K-51.9mi
2/10
Holmes Avenue Elementary School
Public,K-61.9mi
5/10
Estrella Elementary School
Public,K-52.5mi
5/10
Lillian Street Elementary School
Public,K-62.5mi
5/10
Pacific Boulevard School
Public,K-52.6mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,6-80.4mi
3/10
George Washington Carver Middle School
Public,6-81.4mi
6/10
Vernon City Elementary School
Public,K-71.7mi
3/10
Los Angeles Academy Middle
Public,6-82.2mi
3/10
Thomas A. Edison Middle School
Public,6-82.7mi
3/10
Henry T. Gage Middle School
Public,6-83.4mi
5/10
Santee Education Complex
Public,9-120.8mi
3/10
Nava College Preparatory Academy
Public,9-120.8mi
2/10
Thomas Jefferson Senior High School
Public,9-120.8mi
5/10
Felicitas And Gonzalo Mendez High
Public,9-122.3mi
5/10
STEM Academy of Boyle Heights HS
Public,9-122.6mi
4/10
Huntington Park Senior High School
Public,9-123.0mi
3/10
John C. Fremont Senior High School
Public,9-123.7mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (23 Listings)
Beds00
Baths00
Square foot2,2402,022
67%
Lot Size5,7485,364
79%
Price$685K$705K
42%
Price per square foot$306$345
25%
Built year19359615962
79%
HOA
Days on market123167
17%
Condition Rating
Fair

The property was built in 1935 and has seen various upgrades over the years, suggesting it has been maintained but is likely aged. The description mentions a kitchen with a cozy dining area and an indoor laundry room, but there are no details about modern appliances or recent renovations. The exterior image shows a building that appears to be in reasonable condition, but not recently renovated. Therefore, a 'fair' rating is appropriate, indicating that it requires minor updates or repairs.
Pros & Cons

Pros

Prime Location: Located in close proximity to Downtown LA, the Arts District, Fashion District, and USC, offering convenient access to employment, entertainment, and education.
Development Potential: The property offers the flexibility to either build or continue collecting rent, with multiple new builds in the immediate area signaling ongoing development and increased property value.
Income Property: Currently configured as a 3-unit multi-family property, providing immediate rental income potential.
Recent Upgrades: The property has seen various upgrades over the years, ensuring it's well-maintained.
Passed City Inspection: The property has recently passed the LA city inspection, adding peace of mind for potential buyers.

Cons

Unit Configuration: Currently configured as a 1-bedroom, although it can easily be converted to a 2-bedroom with the addition of a simple door, potentially requiring additional investment.
Subject to Interior Inspection: Interior inspection is required, which may delay the buying process.
Limited Details: The description lacks specific details about the current rental income and expenses, requiring further due diligence.

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