1343 E 21st Street, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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1343 E 21st Street
Los Angeles, California 90011
ACTIVE UNDER CONTRACT
CONDITION: POOR
0Beds
0Baths
1,935Sq Ft
6,026Lot Size
Property Price
LIST PRICE$555,000
EST. MARKET VALUE
$543,846
SUMMARY
This High-Potential Investment Opportunity is a Duplex Residential Income Asset listed at $555,000—positioned well below the $543,847 Fair Market Value by -2%. With a Condition Rating of 5, the property requires significant capital improvements to modernize its 1904 infrastructure. The dual-unit layout provides excellent flexibility for rental income or house-hacking near Downtown Los Angeles. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants capable of executing a value-add renovation plan to maximize long-term equity.
Estimated Market Value
$543,846
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1343 E 21st Street Subject | $555,000* List Price | 0 | 0 | 1,935 | $281 | - |
A 1026 E 23rd Street Sold | $550,000 | 0 | 0 | 2,053 | $268 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1904 with no mention of recent renovations to kitchens, baths, or systems. The description's focus on 'potential for future improvements' and the fact that it is a lender-approved sale with a significant price drop from its 2021 sale price ($745k to $555k) strongly indicates significant deferred maintenance and outdated infrastructure.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
As a dual-unit residential income property featuring a 3-bedroom and a 2-bedroom unit, it offers excellent flexibility for owner-occupants to house-hack or for investors to maximize rental yields.
- Strategic Urban Location
The property is centrally located near Downtown Los Angeles with convenient access to major freeways, public transportation, and local amenities, ensuring high tenant demand and long-term desirability.
- Significant Equity Opportunity
Listed at $555,000—substantially lower than its 2021 sale price of $745,000—this property presents a prime opportunity for value-add investors to capture equity through modernization.
CONSRISKS & DEFICIENCIES
- Short Sale Complexity
The sale is subject to lender approval, which often results in a more unpredictable and extended closing timeline compared to traditional real estate transactions.
- Vintage Condition Requirements
Built in 1904, the property likely requires significant capital investment to update aging systems and structural elements to meet modern standards and maximize its market value.
About 1343 E 21st Street
Opportunity to own a two-story duplex in a centrally located Los Angeles neighborhood. The property offers approximately 1,935 square feet of living space on a 6,026-square-foot lot, with one 3-bedroom, 2-bath unit and one 2-bedroom, 2-bath unit. The flexible layout may appeal to investors, multigenerational households, or buyers seeking to occupy one unit while maintaining the second unit. Conveniently located near Downtown Los Angeles with access to major freeways, shopping, dining, schools, and public transportation. The property presents excellent potential for future improvements and long-term value. Sale is subject to lender approval.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1904
- Lot Size
- 6,026 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Twentieth Street Elementary School
Grades K-5 • 0.1 mi
5/10
Twenty-Eighth Street Elementary School
Grades K-5 • 0.6 mi
3/10
Nevin Avenue Elementary School
Grades K-5 • 0.7 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,935 | 2,187.451 |
| Lot Size | 6,026 | 5,841.385 |
| Price | $555.0K | $841.5K |
| Price per sq ft | $287 | $385 |
| Built year | 1904 | 1928 |
| HOA | $0 | $0 |
| Days on market | 33 | 85 |
Pricing History
Listed for Sale
Aug 7, 2026
$555,000
Initial Listing
Sold
Feb 10, 2021
$745,000
Public Record
Sold
Sep 18, 2017
$373,000
Public Record
Sold
May 5, 2015
$255,000
Public Record
Sold
Apr 19, 2004
$236,500
Public Record