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    1038 W 21St St Los Angeles, CA 90007

    Sponsored
    For Sale
    $975,000

    Apartment - Los Angeles, CA

    Type:Apartment
    Property size:
    6,006 SF
    Lot size:
    6,507.00 Acres
    Days on Market:
    244
    Last Refresh:
    Jan 7 at 5:06 am

    Property Features for 1038 W 21St St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Zoning
    LARD1.5
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    5124005005
    Exterior features
    Community Features Included: Sidewalks, Street Lights, Suburban, 0-1 Unit/Acre
    Size
    6,006 SF
    Lot size
    6,507.00 Acres

    Building Details

    Year built
    1914
    Floors in Building
    2
    Number of units
    5
    Architectural style
    Other

    Realty Masters & Associates (714) 368-1300 [email protected]

    Listing agent Alex Avilez (909) 993-5710 License #01271332

    Listing date May 9, 2025

    MLS# CV25101490 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Los Angeles Multifamily Investment Opportunity

    Located in Los Angeles, blocks from USC, this property presents an opportunity for student housing or investment. The property includes two buildings: the front building contains four 1-bedroom, 1-bathroom units, and the rear detached single-family residence features a 3-bedroom, 2-bathroom layout. The location is convenient to educational institutions and city amenities. The seller adheres to the City of Los Angeles Rent Control rules and regulations, offering tenant relocation credits up to the maximum allowed. The property is zoned LARD1.5 and has a lot size of 0.1493801652892562 acres, with a total property size of 6006 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alerthi Group, LLC Belt Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2818743
    Latitude
    34.0361287

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property near USC, ideal for student housing.
    Where is this apartment building located?
    The property is located at 1038 W 21St St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - Prime location near USC, ideal for student housing.; - Two buildings: four 1-bedroom units and a detached 3-bedroom single-family residence.; - Lucrative investment opportunity in a high-demand area.
    (818) 246-1099
    Request Owner's contact information
    1038 W 21St St Los Angeles, CA 90007
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    Los Angeles, CA 90007
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1038 W 21St St Los Angeles, CA 90007
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