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$ 750,000
Est. payment /mo
New
1343 E 21st ST Los Angeles, CA 90011
5 Beds
4 Baths
1,935 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,935 sqft
Price per Sqft $387
MLS Listing ID 25618901
Bedrooms 5
HOA Y/N No
Year Built 1904
Lot Size 6,024 Sqft
Property Description
Rare short-sale duplex in a high-demand South Los Angeles location with an upstairs unit and a downstairs unit. One unit is currently occupied and generating rental income, while the other unit is not paying, offering immediate income with potential for future lease-up or occupancy.Built in 1904, the property sits on a generous 6,026 sq ft lot and offers approximately 2,150 sq ft of building area, providing ample living space and flexibility. Each unit has its own functional layout, ideal for rental purposes, multi-generational living, or an owner-occupant who wants to occupy one unit while leasing the other.Zoned for multi-family use, this duplex presents an excellent opportunity for investors seeking long-term cash flow and value-add potential. The large lot allows for possible improvements, additional parking, or future expansion (subject to permits). The property is located in a vibrant, growing South LA neighborhood, offering convenient access to major freeways, public transit, shopping, dining, and employment centers.With its short-sale status, this property has the potential to be acquired below market value, creating an opportunity for equity growth. The occupied unit provides immediate cash flow, while the vacant or non-paying unit presents flexibility to increase income or personal use.Whether you are an investor looking for a strong income-producing asset or an owner-occupant seeking a home with rental offset potential, this duplex offers a rare combination of income opportunity, location, and future value-add potential in a solid Los Angeles neighborhood. Don't miss the chance to capitalize on East LA's rental demand and ongoing market appreciation.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR4
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Driveway
Pool None
Private Pool No
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5119001017
Financing Conventional
Special Listing Condition Short Sale
Listed by Odest Riley Odest Riley