4041 W 21st Street, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath

4041 W 21st Street, Los Angeles, California 90018 home-pic-0
ACTIVE$1,420,000
4041 W 21st Street, Los Angeles, California 90018
0Bed
0Bath
1Sqft
6,100.14Lot
Year Built
1923
Close
-
List price
$1.42M
Original List price
$1.42M
Price/Sqft
$1,420,000
HOA
-
Days on market
-
Sold On
-
MLS number
TR25225265
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.42M(85th), sqft - 1(8th), beds - undefined(50th), baths - undefined(50th).

Imagine owning your own slice of sunny California real estate—in Mid-City, Los Angeles—a rare quadraplex brimming with potential. Whether you’re an investor seeking steady cash flow or a visionary ready to create long-term wealth, this property is the perfect canvas. With bargain pricing, income-producing possibilities, and a prime location, it’s more than just a smart investment—it’s a golden opportunity. The property is ready for someone with imagination and a willingness to roll up their sleeves. Think cosmetic upgrades—new flooring, fresh paint, updated kitchens and bathrooms—that can quickly elevate both appeal and value. Once the improvements are made, the reward is clear: increased rental income, stronger equity, and a prime foothold in one of LA’s most connected neighborhoods. From nearby shopping and dining to easy access across the city, the location is just as valuable as the property itself. This isn’t just an investment—it’s your chance to transform potential into profit.

Price History

Date
Event
Price
10/20/25
Listing
$1,420,000
Condition Rating
Fair

Built in 1923, this property is over 100 years old. The listing explicitly states it requires 'cosmetic upgrades—new flooring, fresh paint, updated kitchens and bathrooms' to 'elevate both appeal and value.' While the exterior appears maintained, the need for significant updates in key areas like kitchens and bathrooms, combined with its age, indicates that major components are functional but outdated. The description does not suggest structural issues or safety concerns that would warrant a 'poor' rating, but it is far from move-in ready by modern standards.
Pros & Cons

Pros

Multi-Unit Income Property: A rare quadruplex offering significant income-producing potential and steady cash flow, ideal for investors seeking immediate returns.
Prime Mid-City Location: Situated in a highly connected and desirable Mid-City Los Angeles neighborhood, providing excellent access to amenities and city-wide transit.
Significant Value-Add Opportunity: Described as a 'perfect canvas' with clear potential for increased rental income and equity growth through strategic cosmetic and functional upgrades.
Long-Term Wealth Creation: Positioned as a strategic investment for creating long-term wealth in a robust Los Angeles real estate market, transforming potential into profit.
Generous Lot Size: A 6,100 sqft lot provides ample space for a multi-unit property in an urban setting, potentially offering outdoor amenities or future development considerations.

Cons

Extensive Renovation Required: The property explicitly requires 'cosmetic upgrades—new flooring, fresh paint, updated kitchens and bathrooms,' indicating a substantial additional investment and effort for the buyer.
Advanced Age of Structure: Built in 1923, the property is likely to have outdated systems and may incur higher maintenance costs or require significant capital expenditures for major repairs.
Unspecified Living Area (SQFT): The listed square footage of '1' is erroneous, creating a critical information gap for assessing the property's true size, unit layouts, and value per square foot.

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