807 E 21st Street, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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Los Angeles, California 90011
This property presents a High-Potential Investment Opportunity with a List Price of $1,350,000—positioned well above the $1,251,198 Fair Market Value by -7%. Featuring R2 zoning and a 5,180 sq ft footprint, the asset includes a historic 1898 front house and a 2024-built rear building with four studios. With a Condition Rating of 4, the property offers immediate rental income potential alongside long-term renovation upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating asset in a central Los Angeles location.
Property is moderate renovation needed.
The property presents a split condition: the rear building is a brand-new 2024 construction, but the primary front residence dates to 1898. The front house shows signs of age with window AC units and dated exterior elements, suggesting that while functional, the main systems and interiors likely require updates to meet modern standards.
With two separate houses and a total of five potential rental units (including four new studios), this property offers an exceptional opportunity for high rental yield or a live-in-one, rent-the-others strategy.
The property boasts a prime location with immediate proximity to Downtown Los Angeles, USC, and major freeway arteries (10, 110, 101, 60, and 710), ensuring consistently high tenant demand.
The rear building is a 2024 construction with a fresh Certificate of Occupancy, providing modern, low-maintenance units that offset the maintenance requirements of the historic front residence.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5180, other record living area = 3340.
The primary front residence dates back to 1898, which may require significant ongoing maintenance and potential upgrades to aging electrical, plumbing, and structural systems.
The majority of the assigned public schools in the immediate area carry low performance ratings, which could deter families and impact long-term residential resale appeal.
Two Houses, Two Addresses on a 7504 sq ft Lot, R2 zoning. The Front house( 807 E 21 St) is 3340 sq ft, Two stories with main floor (3 Bedroom/Den/3 bath plus upstairs ( 1bd/den/1ba). The Rear house is 1840 sq ft, newer building with 4 Studios, received a Certification of Occupancy on 2024. It is good for Owner occupy and rental income property or an investment property. The property is located at a very convenient location: proximity to Downtown Los Angeles, USC, and FWY 10,110, 101, 60, and 710.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 5,180 | 2,250 |
| Lot Size | 7,500 | 5,864 |
| Price | $1.35M | $826.7K |
| Price per sq ft | $261 | $395 |
| Built year | 1898 | 1925 |
| HOA | $0 | $0 |
| Days on market | 42 | 83 |
Jun 10, 2026
$1,350,000
Initial Listing
May 19, 2006
$525,000
Public Record
Jan 13, 2006
$445,000
Public Record
Feb 11, 2005
$310,000
Public Record