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SOLD 8/4/2021

5069 W 21st Street, Los Angeles, CA 90016$2,005,000

11
beds
9
baths
5862
ft2
· 8408
ft2 lot
$341 / ft2

Listing provided courtesy of Listing Broker: Sevak Keshishian, Marcus & Millichap
Source CRMLS;
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We are pleased to present the opportunity to acquire a 9-unit apartment building in the Mid-City neighborhood of Los Angeles. 5069 W 21st Street is comprised of 2 separate structures, one of which is built in 1928 and the other in 1960. It has unit mix of two (2) 2 Bed/1 Bath & seven (7) 1 Bed/1 Bath units, five of which have been renovated. The building offers its tenants nine (9) on-site parking spaces and an on-site laundry facility. The property will be delivered with one (1) vacant 2 bedroom unit and offers an incoming investor 35% upside after the vacant unit has been rented out. Additionally, the property does not require and has never been flagged for soft-story retrofit. Buyers are recommended to conduct their own due diligence with regards to this matter. *Potential to add 2 ADUs* (Buyer to verify)

HOA

$—/month

On market

a month

Year built

1928

Property type

Multi-Family

Parking

MLS

21749006

Price / Sq.Ft.

$341 / ft2

Status

Closed

Home details for 5069 W 21st Street

Interior Features & Layout
Appliances
•   
Laundry Details: Community
•   
Appliances: Refrigerator, Oven, Gas Range
•   
Has Appliances
•   
Security Features: Smoke Detector(s)
•   
Laundry: 1
Interior Features
•   
Interior Features: Ceiling Fan(s)
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
Interior Size
•   
Building Area Total: 5862.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Covered, Driveway
Building Info
•   
Zoning: LARD2
•   
Stories Total: 2
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 9
Lot Info
•   
Lot Size Acres: 0.1900
•   
Lot Size Area: 8408.0000
•   
Lot Size Units: Square Feet
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 144218.00
•   
Vacancy Allowance Rate: 1.00
•   
Total Expenses: 53630.00
•   
Gross Multiplier: 13.58
Tax/Assessment Info
•   
Gross Income: 147235.00
•   
Tax Year: 2020
•   
Taxes: 2490.0
Lease Info
•   
Net Operating Income: 90588.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 660.30
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 660.30
Unit 7 Information
•   
Unit 7 Bathrooms: 1
•   
Unit 7 Actual Rent: 1765.00
•   
Unit 7 Total Units: 1
•   
Unit 7 Total Rent: 1765.00
•   
Unit 7 Bedrooms: 1
•   
Unit 7 Furnished Units: Unfurnished
Unit 2 Information
•   
Unit 2 Actual Rent: 968.76
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 968.76
Unit 8 Information
•   
Unit 8 Bathrooms: 1
•   
Unit 8 Actual Rent: 1735.00
•   
Unit 8 Total Units: 1
•   
Unit 8 Total Rent: 1735.00
•   
Unit 8 Bedrooms: 1
•   
Unit 8 Furnished Units: Unfurnished
Unit 9 Information
•   
Unit 9 Bathrooms: 1
•   
Unit 9 Actual Rent: 595.51
•   
Unit 9 Total Units: 1
•   
Unit 9 Total Rent: 595.51
•   
Unit 9 Bedrooms: 1
•   
Unit 9 Furnished Units: Unfurnished
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1700.00
•   
Unit 1 Total Rent: 1700.00
Unit 4 Information
•   
Unit 4 Actual Rent: 2263.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 0.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Bedrooms: 2
Unit 5 Information
•   
Unit 5 Actual Rent: 1707.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 1707.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 1
Multi Unit Information
•   
# Of Units: 13
Unit 6 Information
•   
Unit 6 Actual Rent: 875.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 875.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Bedrooms: 1
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
School Info
•   
Directions: Located North of the 10 freeway and West of La Brea Ave, the property is walking distance from the Expo line located on La Brea and offers commuters quick access to both the 10 and 405 freeways.
Other
Calculation
•   
Dom: 42
•   
Cdom: 42

Neighborhood snapshot

40
Properties for sale
12
Median days on market
$617.94
Median sold price/sqft
103.54%
Sold/List %
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Property History for 5069 W 21st Street

08/04/2021
08/04/2021
CRMLS #21749006
sold
CRMLS #21749006
$2,000,000
--0.25%
07/30/2021
07/30/2021
Public Record
sold
Public Record
$2,005,000
+0.25%
07/26/2021
07/26/2021
CRMLS #21749006
pending
CRMLS #21749006
$2,000,000
06/14/2021
06/14/2021
CRMLS #21749006
active
CRMLS #21749006
$2,000,000
+17.65%
08/12/2020
08/12/2020
Public Record
sold
Public Record
$1,700,000

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