Commercial > Multi-family / Apartments
Active
12/27/2023
List Price
$1,400,000$233/ft²
1038 21st St
Los Angeles, CA 90007
- 7Beds
- 5Baths
- 6,006ft²Living Area
- 6,507ft²Lot Size
- -Pool
- -Car
- 1914Year Built
- 121DOM
- 2Permits
1038 21st St, Los Angeles, CA 90007 is a 7 bed, 5 bath, 6,006 ft² multi-family/apartments property built in 1914 on a 0.149 acre lot with 2 construction permits. This multi-family/apartments is currently for sale for $1,400,000, and it was last sold in 2003 for $255,000.
MLS Description
The listing agent's description. Original Listing
Welcome to an exceptional investment opportunity nestled in the vibrant heart of Los Angeles, mere minutes away from the prestigious USC campus and the dynamic Downtown LA district. This multi-family property is not just a home; it's a strategic investment that promises substantial returns.
This unique offering comprises a well-maintained 4-plex at the front, there is a single-family residence discreetly situated at the rear of the property, providing a touch of privacy and versatility.
Positioned in close proximity to USC and Downtown LA, this property enjoys the benefits of an ever-growing and desirable rental market. The strategic location ensures a steady influx of potential tenants, making it an ideal addition to any investor's portfolio.
To sweeten the deal, the seller is generously offering a $150,000 allowance for the new owner to facilitate the seamless relocation of tenants. This not only streamlines the transition but also provides the flexibility to implement improvements or modifications as desired.
For the privacy and convenience of the current tenants, we kindly request interested parties to conduct drive-by viewings only. Please refrain from contacting the tenants directly. Detailed financials and additional property information are available upon request to qualified buyers.
Don't miss out on this golden opportunity to elevate your investment portfolio. Seize the chance to own a multi-family property strategically located near USC and Downtown LA, ensuring both immediate and long-term profitability. Contact us today to take the next step in securing your financial success.
Listing Agents
The listing agent for 1038 21st St is Alex Avilez.
AA
Alex Avilez
Alex Avilez, Broker
License: 01271332
Phone: (626) 290-6900
Permits
1038 21st St has 2 permit records of total value of $4,000.
Permit History
2
Permits
$4,000
Total Permit Value
July 10, 2014
Description: Re-roof with class a or b material weighing less than 6 pound per SQJob Value: $4,000Status: finalType: Bldg-alter/repairSub Type: ApartmentEffective Date: 2014-07-10Permit Number: 14016-10000-09104
May 23, 2003
Description: House light meter- 1 subpanel-4 lightsStatus: finalType: ElectricalSub Type: ApartmentBusiness Name: Gonza ElectricEffective Date: 2003-05-23Permit Number: 03041-10000-11123
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2023$5,387.15From latest Total Assessed Value1.52%Total Assessed Value$355,262=Land+
Assessed Value$174,000Additions
Assessed Value$181,262
In 2023, taxes billed for 1038 21st St were $5,387.15, which is 1.52% from latest Total Assessed Value of $355,262.
Property History
1038 21st St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 1038 21st St
Hazard Risks
Earthquake356Carb Mono134Particulates114Ozone109Air Pollution109Lead108Nat'l Avg100Tornado93Weather34Hurricane7Hail0Wind0
10 hazards (Carbon Monoxide, Earthquake Risk, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 1038 21st St.
Walkability Index
18 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
1038 21st St has a walkability score of 18 out of 20, which means that it is in a most walkable area.
Noise Level
48 dB
Quiet Suburban Residential 0-49
Suburban Residential 50-54
Urban Residential 55-59
Noisy Urban Residential 60-64
Very Noisy Urban Residential 65+
Noise at 1038 21st St is around 48dBs, which is comparable to a Quiet Suburban Residential area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
46°F
High
67°F
Summer
Average
Low
61°F
High
79°F
In the winter at 1038 21st St, temperatures range from 46.31°F to 66.91°F with an average of 56.61°F. In the summer, the temperature ranges from 60.82°F to 79.22°F with and average of 70.02°F.
School Information
Public/private schools serving 1038 21st St
Public Schools
John Adams Middle School
Grades: 6-8
1.08 mi
B-
Norwood Street Elementary School
Grades: KG-5
0.20 mi
C-
West Adams Preparatory High School
Grades: 9-12
0.51 mi
D-
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 1038 21st St have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in University Park, Los Angeles, CA 90007.
Seasonal Housing units 90007
3%of housing is for seasonal rent.
Daytime Population for 90007
-7%of people during work hours.
Boundary map of University Park.
Crime Index for 90007
165
165
The crime index in 90007 is 165, which is 1.6 times higher than national average.
Market Trends
Historical market data near 1038 21st St over selected time period.
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