Deal numbers
A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.
Property details
- Bedrooms
- 4
- Building size
- 4,105 sqft
- Lot size
- 7,703 sqft
- Year built
- 1928
- Stories
- 2
- Garage spaces
- 3
- Heating
- Central
- Cooling
- Central Air
- Pool
- None
- View
- City Lights
- Status
- Active
- Days on market
- 0
- MLS #
- 249250170
About this property
Exceptional investment opportunity in the heart of Mid-City! Delivered 100% vacant, this fourplex offers two beautifully remodeled, move-in-ready front units, plus two existing rear units with city-approved plans to complete their renovations. A unique opportunity for investors and owner-users looking to maximize rental income and build long-term value.The two front residences have been completely remodeled, featuring bright, spacious interiors, contemporary finishes, updated kitchens with stainless steel appliances, and beautifully appointed bathrooms. The larger residence offers three bedrooms, two-and-a-half bathrooms, a bonus room, and an expansive balcony, providing additional living and entertaining space. The second residence features two bedrooms and one bathroom, also fully remodeled with appliances included, including a washer and dryer.The two rear structures are already standing and will be sold with city-approved renovation plans, providing the next owner with an opportunity to complete the existing improvements rather than undertake new ground-up construction. Upon completion according to the approved plans, the rear units will offer two bedrooms and one-and-a-half bathrooms and one bedroom and one-and-a-half bathrooms. With all four units delivered vacant, the possibilities are plentiful. Investors can establish new rental income streams as the units are completed, while owner-users can occupy one of the remodeled residences, rent out the other, and oversee the rear renovations. Situated on a beautiful residential street with ample parking and convenient access to West Adams, Culver City, and surrounding Los Angeles neighborhoods, this property offers an attractive combination of immediate leasing potential, renovation upside, and long-term investment value.
Location
5123 W 21st Street
Los Angeles, Los Angeles, CA, 90016