1348 E 21st Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$685,000$2,240/sqft
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:
High-Demand Investment Property: A 3-unit multi-family property (triplex) explicitly marketed to investors, offering immediate rental income and future development potential in a rapidly appreciating area.
Top Cons:
Advanced Property Age: Built in 1935, the property, despite 'various upgrades,' may still present challenges related to older infrastructure, potential for deferred maintenance, or less modern layouts in some units.
Compared to the nearby listings
Price:$685.0K vs avg $685.0K (+$0)50%
Size:2,240 sqft vs avg 2,076 sqft62%
Price/sqft:$306 vs avg $33731%
More Insights
Built in 1935 (91 years old).
Condition: Built in 1935, this property is quite old. While the description mentions 'various upgrades over the years' and that it's 'well-maintained' and 'recently passed the LA city inspection,' there are no interior images or specific details regarding the condition, style, or features of the kitchen and bathrooms. The exterior image shows an older building with signs of age on the fence and concrete, consistent with a property that has been maintained but not extensively modernized. The lack of interior photos, especially for a multi-unit property, and the 'subject to interior inspection' clause, suggest that the interior, particularly the kitchen and bathrooms, likely reflects an older aesthetic and functionality, requiring minor updates or showing outdated styles rather than recent, significant renovations. It's functional but not contemporary.
Year Built
1935
Close
-
List price
$685K
Original List price
$685K
Price/Sqft
$306
HOA
-
Days on market
-
Sold On
-
MLS number
DW25145316
Home ConditionFair
Features
View-
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 wellmaintained. 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.
J
Julio Bonilla
Listing Agent
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 is quite old. While the description mentions 'various upgrades over the years' and that it's 'well-maintained' and 'recently passed the LA city inspection,' there are no interior images or specific details regarding the condition, style, or features of the kitchen and bathrooms. The exterior image shows an older building with signs of age on the fence and concrete, consistent with a property that has been maintained but not extensively modernized. The lack of interior photos, especially for a multi-unit property, and the 'subject to interior inspection' clause, suggest that the interior, particularly the kitchen and bathrooms, likely reflects an older aesthetic and functionality, requiring minor updates or showing outdated styles rather than recent, significant renovations. It's functional but not contemporary.
Pros & Cons
Pros
High-Demand Investment Property: A 3-unit multi-family property (triplex) explicitly marketed to investors, offering immediate rental income and future development potential in a rapidly appreciating area.
Exceptional Urban Location: Unbeatable proximity to Downtown LA, Arts District, Fashion District, and USC, ensuring strong rental demand and convenient access to major employment and cultural hubs.
Significant Appreciation Potential: Situated in an area undergoing active revitalization with 'multiple new builds' and a large multi-family development nearby, indicating strong future property value growth.
Value-Add Conversion & Flexibility: Offers easy conversion of a 1-bedroom unit to a 2-bedroom, providing immediate value-add potential, alongside the flexibility to either build or continue collecting rent.
Community Amenities & Compliance: Benefits from being adjacent to the newly revitalized Central Park Recreation Center (pools, recreation rooms) and has recently passed LA city inspection, ensuring peace of mind.
Cons
Advanced Property Age: Built in 1935, the property, despite 'various upgrades,' may still present challenges related to older infrastructure, potential for deferred maintenance, or less modern layouts in some units.
Limited Unit-Specific Information: The description primarily details one unit's configuration (1-bedroom convertible to 2-bedroom) but lacks specific details on the other two units of this triplex, which is crucial for investor evaluation.
Implied Interior Condition Uncertainty: The 'subject to interior inspection' clause, while standard, suggests that the current description may not fully cover the interior condition of all units, potentially requiring significant due diligence or unforeseen renovation costs.