$830,000
$899,900
7.8%For more information regarding the value of a property, please contact us for a free consultation.
4006 W 21st St Los Angeles, CA 90018
4 Beds
2 Baths
2,900 SqFt
Key Details
Sold Price $830,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,900 sqft
Price per Sqft $286
MLS Listing ID 24-414457
Sold Date 11/14/24
Style Spanish Colonial
Bedrooms 4
Year Built 1923
Lot Size 6,100 Sqft
Acres 0.14
Property Description
Motivated Seller! Reduced Price on tenant-occupied Duplex in Desirable Arlington Heights. Exceptional investment opportunity near Country Club Park, Western Heights, Koreatown, and West Adams. This two-story Spanish Colonial duplex, built in 1923, is now listed at a significantly reduced price because property will be sold tenant-occupied. Property features two nearly identical units, each with 2 bedrooms, 1 bathroom, a spacious living room, formal dining room, kitchen, and laundry room, each approximately 1,450 sq. ft. The property includes (3) 1-car garages with potential for ADU conversion to increase rental income. With 2,900 sq. ft. of living space on a 6,098 sq. ft. LARD2 zoned TOC Tier 2 lot, this property offers versatility and significant upside potential at market rents or upon redevelopment. Listing price improved because existing rents are below market and subject to Los Angeles City Rent Stabilization Ordiance (RSO). Buyer must take the property AS-IS, tenant occupied, subject to tenant rights. No exceptions. Conveniently located near the 10 and 405 freeways, the property provides easy access to DTLA, LAX, employment centers, restaurants, shopping, museums, and Westside beaches. Arlington Heights is a growing community with historic landmarks and beautiful architecture, making it an ideal place for multifamily investment. Don't miss out on this motivated seller and reduced price opportunity! Submit offers subject to interior inspection today!
Location
State CA
County Los Angeles
Area Mid Los Angeles
Zoning LARD2
Rooms
Other Rooms None
Interior
Heating Floor, Wall, Fireplace
Cooling Ceiling Fan, Wall Unit(s)
Equipment None
Laundry Room
Exterior
Parking Features Driveway, Garage
Garage Spaces 3.0
Roof Type Flat
Building
Architectural Style Spanish Colonial
Level or Stories Two
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with COLDWELL BANKER LEADERS