5105 W 21st St | Los Angeles, CA 90016
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5105 W 21st St
Los Angeles, CA 90016
6 Unit Value-Add Opportunity in Mid-City · Multifamily Property For Sale · 6 Units
Investment Highlights
- Located in an opportunity zone
- In-place rents are approximately 68% under market | 110% including ADU’s
- Extremely spacious units with large kitchens, living rooms and dining rooms
- Potential to convert garages into 2 Studio ADUs bringing the cap to over 13%
- Individual hot water heater for each unit
Executive Summary
True North CRE of Compass Commercial, as the exclusive listing agent, is pleased to present the opportunity to acquire 5105 W 21st, Los Angeles CA 90016 in the sought after Mid City neighborhood. Built in 1941 the building is comprised of 6 spacious units all 1 bed + 1bath. Parking is provided onsite with 6 covered parking spaces. In addition, there is a laundry facility onsite, comprised of 1 washer and
1 dryer with coin free payment methods. Landlord is only responsible for water, common electric, and trash.
The property’s location offers a wide selection of beloved food destinations, trendy boutique retailers, iconic nightlife venues and several cultural landmarks including LACMA and the La Brea Tar pits. The property is very walkable so most errands can be accomplished on foot. The property is also conveniently situated near major freeways, including the 10 and 110, facilitating effortless commuting to employment centers such as Downtown Los Angeles, Culver City, Santa Monica, and South Bay. Additionally, there are many means of nearby public transportation including rail lines and bus lines; the Metro E Line, 35/38 Metro Local Line and 33 Metro Local Line.
1 dryer with coin free payment methods. Landlord is only responsible for water, common electric, and trash.
The property’s location offers a wide selection of beloved food destinations, trendy boutique retailers, iconic nightlife venues and several cultural landmarks including LACMA and the La Brea Tar pits. The property is very walkable so most errands can be accomplished on foot. The property is also conveniently situated near major freeways, including the 10 and 110, facilitating effortless commuting to employment centers such as Downtown Los Angeles, Culver City, Santa Monica, and South Bay. Additionally, there are many means of nearby public transportation including rail lines and bus lines; the Metro E Line, 35/38 Metro Local Line and 33 Metro Local Line.
PROPERTY FACTS Under Contract
| Price Per Unit | $212,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 5.18% | Building Size | 5,527 SF |
| Gross Rent Multiplier | 12.46 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1941 |
| Property Subtype | Apartment | Parking Ratio | 1.09/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price Per Unit | $212,500 |
| Sale Type | Investment |
| Cap Rate | 5.18% |
| Gross Rent Multiplier | 12.46 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,527 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1941 |
| Parking Ratio | 1.09/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,909 | 915 |
PROPERTY TAXES
| Parcel Number | 5062-007-008 | Improvements Assessment | $568,693 |
| Land Assessment | $1,312,373 | Total Assessment | $1,881,066 |
PROPERTY TAXES
Parcel Number
5062-007-008
Land Assessment
$1,312,373
Improvements Assessment
$568,693
Total Assessment
$1,881,066
zoning
| Zoning Code | RD2-1 |
| RD2-1 |
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