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    5069 W 21St St

    Los Angeles, CA 90016
    • $2,000,000
    • STATUS: Pending
    • ON SITE: 50 days
    • ID#: 21-749006
    Pending
    UPDATED: 62 min ago
    $2,000,000
    • 11
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,862
      SQFT
    • $341
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    We are pleased to present the opportunity to acquire a 9-unit apartment building in the Mid-City neighborhood of Los Angeles. 5069 W 21st Street is comprised of 2 separate structures, one of which is built in 1928 and the other in 1960. It has unit mix of two (2) 2 Bed/1 Bath & seven (7) 1 Bed/1 Bath units, five of which have been renovated. The building offers its tenants nine (9) on-site parking spaces and an on-site laundry facility. The property will be delivered with one (1) vacant 2 bedroom unit and offers an incoming investor 35% upside after the vacant unit has been rented out. Additionally, the property does not require and has never been flagged for soft-story retrofit. Buyers are recommended to conduct their own due diligence with regards to this matter. *Potential to add 2 ADUs* (Buyer to verify)

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-04T07:42:26.503. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/118234364
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    5069 W 21St St Los Angeles, CA 90016

    • Price: $2,000,000
    • Status: Pending
    • Updated: 62 min ago
    • ID#: 21-749006
    11
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    5,862
    SQFT
    $341
    $/SQFT
    1928
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    We are pleased to present the opportunity to acquire a 9-unit apartment building in the Mid-City neighborhood of Los Angeles. 5069 W 21st Street is comprised of 2 separate structures, one of which is built in 1928 and the other in 1960. It has unit mix of two (2) 2 Bed/1 Bath & seven (7) 1 Bed/1 Bath units, five of which have been renovated. The building offers its tenants nine (9) on-site parking spaces and an on-site laundry facility. The property will be delivered with one (1) vacant 2 bedroom unit and offers an incoming investor 35% upside after the vacant unit has been rented out. Additionally, the property does not require and has never been flagged for soft-story retrofit. Buyers are recommended to conduct their own due diligence with regards to this matter. *Potential to add 2 ADUs* (Buyer to verify)
    Exterior Features

    Lot Description 5 + Lots Lot Size Area 8408 Other Structures None Parking Garage Covered ParkingDriveway Total Parking 9

    Interior Features

    Baths Total 9.00 Cooking Appliances OvenGas/Electric Range Cooling Ceiling Fan Equipment Ceiling FanRefrigeratorRange/Oven Heating Wall Laundry Community

    Property Features

    Assessed Total Value 110692 Gross Income 147235 Gross Operating Income 144218 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 90588.00 Number Of Buildings 2 Number Of Units 9 Owner Pays WaterGardener Sale Type Standard Security Features Smoke Detector Source Living Area Assessor Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 53630 Type Of Units Standard Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard2

    Listing provided courtesy of Sevak Keshishian DRE#01887505 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-04T07:42:26.503. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583