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Tricia Mcmullan

tricia.mcmullan@redfin.com +1(626) 318-7433

$ 2,278,000

Est. payment -/mo

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Open Sat 12PM-3PM

5123 W 21st ST Los Angeles, CA 90016

8 Beds

8 Baths

4,105 SqFt

Open House

Sat Nov 07, 12:00pm - 3:00pm

Sun Nov 08, 12:00pm - 3:00pm

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,105 sqft

Price per Sqft $554

MLS Listing ID 26105940

Bedrooms 8

Construction Status Fixer,Updated/Remodeled,Under Construction

HOA Y/N No

Year Built 1928

Lot Size 7,701 Sqft

Property Description

Exceptional investment opportunity in the heart of Mid-City! Delivered 100% vacant, this fourplex offers two beautifully remodeled, move-in-ready front units, plus two existing rear units with city-approved plans to complete their renovations. A unique opportunity for investors and owner-users looking to maximize rental income and build long-term value.The two front residences have been completely remodeled, featuring bright, spacious interiors, contemporary finishes, updated kitchens with stainless steel appliances, and beautifully appointed bathrooms. The larger residence offers three bedrooms, two-and-a-half bathrooms, a bonus room, and an expansive balcony, providing additional living and entertaining space. The second residence features two bedrooms and one bathroom, also fully remodeled with appliances included, including a washer and dryer.The two rear structures are already standing and will be sold with city-approved renovation plans, providing the next owner with an opportunity to complete the existing improvements rather than undertake new ground-up construction. Upon completion according to the approved plans, the rear units will offer two bedrooms and one-and-a-half bathrooms and one bedroom and one-and-a-half bathrooms. With all four units delivered vacant, the possibilities are plentiful. Investors can establish new rental income streams as the units are completed, while owner-users can occupy one of the remodeled residences, rent out the other, and oversee the rear renovations. Situated on a beautiful residential street with ample parking and convenient access to West Adams, Culver City, and surrounding Los Angeles neighborhoods, this property offers an attractive combination of immediate leasing potential, renovation upside, and long-term investment value.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD2

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Inclusions All brand new appliances

Fireplace No

Appliance Dishwasher, Gas Cooktop, Disposal, Microwave, Dryer

Laundry Inside

Exterior

Parking Features Covered, Carport

Garage Spaces 3.0

Garage Description 3.0

Pool None

View Y/N Yes

View City Lights

Total Parking Spaces 6

Private Pool No

Building

Story 2

Entry Level Multi/Split

Sewer Other

Level or Stories Multi/Split

New Construction No

Construction Status Fixer,Updated/Remodeled,Under Construction

Others

Senior Community No

Tax ID 5062007012

Financing Cash,Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Autumn Davis Pure Luxury Realty #01438120