1348 E 21st Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$695,000
1348 E 21st Street, Los Angeles, California 90011
0Bed
0Bath
2,240Sqft
5,748Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Location & Connectivity: The property boasts a prime location with unbeatable proximity to Downtown LA, the Arts District, Fashion District, USC, and offers a quick commute to major urban centers, enhancing tenant demand and property value.
Top Cons:
Property Age & Potential Infrastructure: Built in 1935, the property's age may imply older infrastructure and potential for higher long-term maintenance or upgrade costs, despite mentions of various upgrades.
Compared to the nearby listings
Price:$695.0K vs avg $672.0K (+$23,000)50%
Size:2,240 sqft vs avg 2,042 sqft73%
Price/sqft:$310 vs avg $34135%
More Insights
Built in 1935 (90 years old).
Condition: Built in 1935, this property shows significant age in its interior finishes and systems. The kitchens feature very dated checkerboard linoleum and older white appliances, while the bathrooms have extremely outdated tile (pink/red) and fixtures. Flooring throughout shows wear, and light fixtures are basic and old-fashioned. While the listing states 'various upgrades over the years' and 'recently passed the LA city inspection,' indicating basic functionality and safety, the aesthetic and many components are clearly outdated and would require substantial renovation to meet modern standards and appeal. It is livable but far from move-in ready for contemporary tastes.
Year Built
1935
Close
-
List price
$695K
Original List price
$719K
Price/Sqft
$310
HOA
-
Days on market
-
Sold On
-
MLS number
DW24118647
Home ConditionFair
Features
ViewNeighborhood
About this home
Attention Investors and Agents. This 3-unit multi-family property is located in close proximity to Downtown LA, this property offers the flexibility to either build or continue collecting rent. This large multi-family dwelling is nearing completion just 10 doors down, enhancing the neighborhood's appeal. Currently configured as a 1-bedroom, it can easily be converted to a 2-bedroom with the addition of a simple door. The kitchen includes a cozy dining area, and there's a convenient indoor laundry room. The property has seen various upgrades over the years, ensuring it's well-maintained. Situated next to the newly revitalized Central Park Recreation Center, residents have access to community pools and recreation rooms. Onsite parking is ample, with direct access at the rear of the property via alley access. The location is unbeatable, with proximity to the Arts District, Fashion District, USC, and a quick commute into Downtown LA. The property has recently passed the LA city inspection, adding peace of mind for potential buyers. Multiple new builds in the immediate area signal ongoing development and increased property value. This is a must-see to appreciate all it offers. Subject to interior inspection. Call with any questions.
Nearby schools
5/10
Twentieth Street Elementary School
Public,•K-5•0.1mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.6mi
4/10
Nevin Avenue Elementary School
Public,•K-5•0.7mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.7mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.9mi
2/10
Harmony Elementary School
Public,•K-5•1.1mi
4/10
Ascot Avenue Elementary School
Public,•K-5•1.3mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.4mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.7mi
2/10
Hooper Avenue Elementary School
Public,•1-5•1.8mi
2/10
Aurora Elementary School
Public,•K-5•1.9mi
2/10
Holmes Avenue Elementary School
Public,•K-6•1.9mi
5/10
Estrella Elementary School
Public,•K-5•2.5mi
5/10
Lillian Street Elementary School
Public,•K-6•2.5mi
5/10
Pacific Boulevard School
Public,•K-5•2.6mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.4mi
3/10
George Washington Carver Middle School
Public,•6-8•1.4mi
6/10
Vernon City Elementary School
Public,•K-7•1.7mi
3/10
Los Angeles Academy Middle
Public,•6-8•2.2mi
3/10
Thomas A. Edison Middle School
Public,•6-8•2.7mi
3/10
Henry T. Gage Middle School
Public,•6-8•3.4mi
5/10
Santee Education Complex
Public,•9-12•0.8mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.8mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.8mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•2.3mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•2.6mi
4/10
Huntington Park Senior High School
Public,•9-12•3.0mi
3/10
John C. Fremont Senior High School
Public,•9-12•3.7mi
Condition Rating
Fair
Built in 1935, this property shows significant age in its interior finishes and systems. The kitchens feature very dated checkerboard linoleum and older white appliances, while the bathrooms have extremely outdated tile (pink/red) and fixtures. Flooring throughout shows wear, and light fixtures are basic and old-fashioned. While the listing states 'various upgrades over the years' and 'recently passed the LA city inspection,' indicating basic functionality and safety, the aesthetic and many components are clearly outdated and would require substantial renovation to meet modern standards and appeal. It is livable but far from move-in ready for contemporary tastes.
Pros & Cons
Pros
Exceptional Location & Connectivity: The property boasts a prime location with unbeatable proximity to Downtown LA, the Arts District, Fashion District, USC, and offers a quick commute to major urban centers, enhancing tenant demand and property value.
Strong Income & Investment Potential: As a 3-unit multi-family property (triplex), it offers immediate rental income, with the added flexibility to build or easily convert a 1-bedroom unit to a 2-bedroom for increased revenue.
Neighborhood Growth & Amenities: Situated in an area undergoing significant revitalization with multiple new builds nearby, and adjacent to the newly revitalized Central Park Recreation Center, providing residents with access to community pools and recreation rooms.
Recent Compliance & Maintenance: The property has recently passed the LA city inspection and has seen various upgrades over the years, offering peace of mind regarding its current condition and compliance.
Valuable Onsite Parking: Ample onsite parking with direct alley access at the rear of the property is a significant and highly desirable amenity in a dense urban environment like Los Angeles.
Cons
Property Age & Potential Infrastructure: Built in 1935, the property's age may imply older infrastructure and potential for higher long-term maintenance or upgrade costs, despite mentions of various upgrades.
Ambiguous Unit Configuration: The description details one unit as a 1-bedroom (easily convertible), but lacks specific configuration details for all three units, which could lead to uncertainty regarding overall rental income potential.
Price Reduction from Original List: The current list price is lower than the original list price, which might suggest a longer time on market or an initial overestimation of value, potentially impacting buyer perception.