807 East 21st Street

Los Angeles, CA 90011

$1,450,000
Price
4
Beds
7.5
Baths
3,340 Sq. Ft.
$434 / Sq. Ft.
3,340
Sq. Ft.
$434
per Sq. Ft.

Description

This great income property nearby USC and Downtown Los Angeles is 2 homes on 1 lot zoned LAR2. A total of 3,340 SF (4 bedrooms and 7.5 baths) on a 7,506 SF lot. The 6.3% cap rate is based on the current income with full occupancy and the asking price of $1.45m. The front unit consists of 4 beds and 3.5 baths plus a den. The back unit was built in 2008 and has 4 studio units. One studio unit to be delivered vacant. Gated parking and laundry on site.This great income property nearby USC and Downtown Los Angeles is 2 homes on 1 lot zoned LAR2. A total of 3,340 SF (4 bedrooms and 7.5 baths) on a 7,506 SF lot. The 6.3% cap rate is based on the current income with full occupancy and the asking price of $1.45m. The front unit consists of 4 beds and 3.5 baths plus a den. The back unit was built in 2008 and has 4 studio units. One studio unit to be delivered vacant. Gated parking and laundry on site.
  1. Listed by Yoon Kwak • DRE #01749340 • Brokerage DRE #01815269 • Sunnyside Group

Property Details for 807 East 21st Street

Water Front
None
Zoning
LAR2
Parcel Number
5131011029
Total Units
2.0
Living Area
3340
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
0
LISTING UPDATED: 09/17/2024 11:20 AM

Property Details for 807 East 21st Street

StatusActive
MLS #24-439737
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1898
Lot Size0.17 AC / 7,506 SF
CountyLos Angeles County

Building Information for 807 East 21st Street

Stories2Residences-Year Built1898Building Size-Lot Size0.17 AC / 7,506 SF

Property Information for 807 East 21st Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Duplex
  • Security Features: Gated, Smoke Detector, Carbon Monoxide Detector(s)
  • Direction Faces: South
  • Water: Meter on Property
  • Sewer: In Street
  • Water Heater Features: Gas, Multi-Tank
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan, Conventional
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $121,200
  • Net Operating Income: $91,075.00
  • Gross Income: $121,200
  • Cap Rate: 6.30%
  • Gross Rent Multiplier: $11.96
  • Owner Pays: Electricity, Gas, Water, Other
  • Total Annual Expense: 30125
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1723
  • Lot Size Square Feet: 7506
  • Lot Size Dimensions: 50x150
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Description: Fenced, Single Lot
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Driveway, Parking Space, Gated, Other
  • Total Parking: 4
  • Open Other Spaces Total: 4
  • Parking Features: Driveway, Parking Space, Gated
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: Gas
  • Fireplace Rooms: Gas
  • Cooling Type: Window Unit(s)
  • Heating Type: Other
  • Equipment: Dryer, Washer, Range/Oven
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Roof: Shingle
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-17-2024
  • Listing Terms: Cash, Cash To New Loan, Take Property As Is, Standard Sale, Conventional, Submit
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,500.00
  • Unit Actual Rent: $4,500.00
  • Unit Projected Rent: $5,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $5,600.00
  • Unit Actual Rent: $5,600.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $264,833.00
  • Assessed Improvement Percent: 35.44
  • Assessed Land Value: $482,490.00
  • Assessed Land Percent: 64.56
  • Assessed Total Value: $747,323.00

Property History for 807 East 21st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 807 East 21st Street

Taxable ValueLand$492,139Additions$270,129Total$762,268
Tax Record2023$9,493 ($791 / month)
Home Facts
Total Finished SqFt3,340 SqFtAbove Grade Finished SqFt3,340 SqFtStories2Lot Size7,504 SqFtStyleDuplexYear Built1898ZoningLAR2CountyLOS ANGELESAPN5131-011-029

Schools near 807 East 21st Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
San Pedro Street Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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807 East 21st Street is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on September 16, 2024 by Sunnyside Group, it's currently listed at $1,450,000. It has been on the market for a total of 5 days and was last sold on April 18, 2006. This listing's school district is Los Angeles Unified School District. Nearby schools include San Pedro Street Elementary School, John Adams Middle School and Thomas Jefferson Senior High School. 807 East 21st Street is a 4-bed, 7.5-bath, 3,340 sqft multi-family home built in 1898.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sunnyside Group, Yoon Kwak, DRE #01749340

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.