Los Angeles, CA 90007 1038 W 21st Street
$1,300,000
2 more
Presented By: Alex Avilez with JohnHart Corp.; 626-290-6900
Beds • 7
Baths • 3
SQFT • 6,006
Year Built • 1914
Home Details
Nestled in the vibrant heart of Los Angeles, just blocks away from USC, this property offers an exceptional opportunity for student housing or investment. Comprising two buildings, the front structure features four 1-bedroom, 1-bathroom units, while the rear detached single-family residence boasts a spacious 3-bedroom, 2-bathroom layout. This property is not only a prime location for tenants seeking proximity to educational institutions and city amenities but also a lucrative investment opportunity. The seller is committed to adhering to the City of Los Angeles Rent Control rules and regulations, offering tenant relocation credits up to the maximum allowed, ensuring compliance and smooth transitions. A rare find in a sought-after area, this property combines convenience, potential, and value. Perfect for investors or those looking to capitalize on the demand for student housing in Los Angeles.
Presented By: Alex Avilez with JohnHart Corp.; 626-290-6900
Interior Features for 1038 W 21st Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 1038 W 21st Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesStreetLights, Suburban, Sidewalks
CountyLos Angeles
DirectionsIn between S Union Ave and Toberman St
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOANo
Home Warranty Y/NNo
Insurance Expense4547.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsExchange1031
Lot Size Square Feet6507.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income61898.0
New ConstructionNo
Number Of Units Total5
Operating Expense9046.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot5
Trash Expense0.0
Water Sewer Expense1600.0
Year Built1914
Year Built SourceAssessor
ZoningLARD1.5
Exterior for 1038 W 21st Street
Building Area Total6006.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1494
Lot Size Area6507.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePrivate
WaterfrontY/NNo
Additional Details
Price History
Clayton Bond
Sales Associate
Price
$1,300,000
MLS#CV25101490
List Date
05/09/2025
Property Type
Multi-Family
Phone
(949) 290-7647
