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

home-pic
ACTIVE$548,888
614 E 21st Street, Los Angeles, California 90011
0Bed
0Bath
1,866Sqft
4,242Lot
Year Built
1895
Close
-
List price
$549K
Original List price
$689K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
WS24251654
Home ConditionPoor
Features
View-

About this home

Perfect Investment Opportunity in Los Angeles! Welcome to 614 & 614 1/2 E 21st Street, a fantastic duplex offering endless potential! This property features two units: a spacious 3-bedroom, 1-bathroom unit on the lower level and a cozy 2-bedroom, 1-bathroom unit upstairs. Both units boast high ceilings, creating an open and airy atmosphere, and feature washer and dryer hookups for added tenant convenience. Located conveniently near USC, Downtown Los Angeles, and with easy access to the 10 and 110 freeways, this property is perfectly situated for strong rental demand. The property is also in close proximity to Jefferson/USC Metro Station, offering excellent public transportation options. For developers, the area benefits from reduced parking restrictions, allowing for the potential to build additional units without the usual parking requirements, maximizing the development potential of this property. Whether you’re a first-time investor or a seasoned pro, this property offers an exceptional opportunity to maximize value and generate long-term returns. Don’t miss your chance to explore the possibilities here!

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
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (23 Listings)
Beds00
Baths00
Square foot1,8661,988
42%
Lot Size4,2425,364
8%
Price$549K$705K
17%
Price per square foot$294$345
25%
Built year18959610962
8%
HOA
Days on market320177
92%
Condition Rating
Poor
The property was built in 1895 and the images show outdated kitchens and bathrooms. The overall condition suggests that substantial repairs and rehabilitation are required. The property is likely to have significant defects and may be uncomfortable to live in its current state.
Pros & Cons

Pros

Investment Opportunity: Duplex property with two units offers immediate rental income potential.
Prime Location: Close proximity to USC, Downtown Los Angeles, and major freeways (10 and 110) ensures strong tenant demand.
Development Potential: Reduced parking restrictions offer potential for building additional units, maximizing development opportunities.

Cons

Age of Property: Built in 1895, the property may require ongoing maintenance and potential upgrades.
Price Reduction: The property has experienced a price reduction, which may indicate underlying issues or market challenges.

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