614 E 21st Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$499,000
614 E 21st Street, Los Angeles, California 90011
0Bed
0Bath
1,866Sqft
4,242Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Income & Expansion Potential: Duplex configuration with explicit mention of ADU/additional unit potential, offering significant avenues for increased cash flow and investment growth.
Top Cons:
Historic Property Age: Built in 1895, the property's age suggests a high likelihood of requiring extensive capital expenditures for system upgrades, structural maintenance, and modernization.
Compared to the nearby listings
Price:$499.0K vs avg $649.0K ($-150,000)8%
Size:1,866 sqft vs avg 1,963 sqft46%
Price/sqft:$267 vs avg $34119%
More Insights
Built in 1895 (130 years old).
Condition: Built in 1895, this property is extremely old with no evidence of significant recent renovations. The kitchen features outdated cabinets, worn countertops, and old appliances, while the bathroom is basic and appears to be in poor condition. General interior images show worn flooring (likely old carpet/linoleum), dated light fixtures, and walls in need of repair. The exterior shows peeling paint and a rusty fence, indicating deferred maintenance. The property requires substantial repairs and rehabilitation, including likely major system replacements (plumbing, electrical, HVAC) to meet modern living standards and comfort.
Year Built
1895
Close
-
List price
$499K
Original List price
$699K
Price/Sqft
$267
HOA
-
Days on market
-
Sold On
-
MLS number
AR25072286
Home ConditionPoor
Features
Good View: City Lights
Deck
Patio
ViewCity Lights
About this home
Very nice Price improvement on this Charming Duplex with Increased Income Potential Near USC & Public Transit!! Discover this fantastic duplex offering incredible investment potential in a prime location! The bottom unit boasts a spacious 3-bedroom, 1-bath layout with high ceilings, while the top unit features a comfortable 2-bedroom, 1-bath design. Both units include washer/dryer hookups, dedicated parking, and ample natural light. Situated in a reduced parking restriction area, this property offers room to add ADUs or additional units, making it an ideal opportunity for expansion and increased cash flow. Conveniently located near USC, public transportation, and major freeways, this duplex is a rare find in a highly desirable neighborhood. Don’t miss out on this versatile investment opportunity!
Nearby schools
5/10
San Pedro Street Elementary School
Public,•K-5•0.3mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.5mi
5/10
Twentieth Street Elementary School
Public,•K-5•0.6mi
5/10
Dolores Huerta Elementary School
Public,•K-5•0.7mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.8mi
/10
Maple Primary Center
Public,•K-1•1.0mi
3/10
Trinity Street Elementary School
Public,•K-5•1.1mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•1.2mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•1.2mi
4/10
Norwood Street Elementary School
Public,•K-5•1.2mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.3mi
2/10
Harmony Elementary School
Public,•K-5•1.3mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.7mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.9mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.9mi
2/10
John W. Mack Elementary School
Public,•K-5•1.9mi
5/10
Menlo Avenue Elementary School
Public,•K-5•2.1mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•2.3mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•2.5mi
4/10
John Adams Middle School
Public,•6-8•0.7mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.0mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.0mi
3/10
George Washington Carver Middle School
Public,•6-8•1.6mi
2/10
John Muir Middle School
Public,•6-8•3.3mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•3.3mi
5/10
Santee Education Complex
Public,•9-12•0.2mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.3mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.3mi
4/10
West Adams Preparatory High School
Public,•9-12•1.9mi
3/10
Manual Arts Senior High School
Public,•9-12•2.2mi
Price History
Date
Event
Price
01/09/14
Sold
$272,000
02/07/11
Sold
$190,000
01/25/06
Sold
$505,000
06/16/05
Sold
$407,500
07/26/04
Sold
$321,000
Condition Rating
Poor
Built in 1895, this property is extremely old with no evidence of significant recent renovations. The kitchen features outdated cabinets, worn countertops, and old appliances, while the bathroom is basic and appears to be in poor condition. General interior images show worn flooring (likely old carpet/linoleum), dated light fixtures, and walls in need of repair. The exterior shows peeling paint and a rusty fence, indicating deferred maintenance. The property requires substantial repairs and rehabilitation, including likely major system replacements (plumbing, electrical, HVAC) to meet modern living standards and comfort.
Pros & Cons
Pros
High Income & Expansion Potential: Duplex configuration with explicit mention of ADU/additional unit potential, offering significant avenues for increased cash flow and investment growth.
Strategic Location: Proximity to USC, public transportation, and major freeways ensures strong rental demand and convenient access for residents.
Attractive Price Adjustment: A substantial price reduction from the original listing price presents a compelling value proposition for potential buyers.
Desirable Tenant Amenities: Dedicated parking and in-unit washer/dryer hookups enhance tenant appeal and convenience, reducing vacancy risk.
Spacious & Bright Interiors: High ceilings in the lower unit and ample natural light throughout contribute to a more comfortable and appealing living environment.
Cons
Historic Property Age: Built in 1895, the property's age suggests a high likelihood of requiring extensive capital expenditures for system upgrades, structural maintenance, and modernization.
Potential for Significant Renovation: While offering expansion opportunities, the existing units may necessitate substantial renovation to meet contemporary tenant expectations and maximize rental income.
Absence of Modern HVAC: No mention of a cooling system, which could be a significant drawback for tenants during warmer months in Los Angeles, potentially impacting rentability or requiring future investment.