4-Unit Apartment
1335 E 21st St, Los Angeles, CA 90011
For Sale
$850,000
Each residence has a two-bedroom, one-bathroom layout, with parking provided on site.
Property Size3,188 SF
Lot Size0.14 Acres
Price / SF$266.62
Days on Market53
Property Features for 1335 E 21st St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Financials
Cap Rate
Gross Rent Multiplier
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Compass
Listed By:
Dana Coronado · License CA #01746702
(310) 562-9630
Source:
Milsteinestates
Added: Sep 23
Changed: Nov 4
Last Checked: Nov 12 at 4:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
This two-story apartment property contains four residences, each configured with two bedrooms and one bathroom. The building measures approximately 3,188 SF on nearly 6,047 SF of land and was built in 1965. The property has eight parking spaces; one unit has been remodeled, and capital improvements have been made. The land is zoned LA[Q]R4-1.
The property is in Los Angeles near Central Avenue, the 10 Freeway, USC, Exposition Park, Downtown Los Angeles, the Fashion District, and LA LIVE. A balcony inspection report under SB721 identified no repairs as needed. Feasibility studies and proposals have been prepared for up to two ADUs at the rear, subject to buyer verification.
The property is in Los Angeles near Central Avenue, the 10 Freeway, USC, Exposition Park, Downtown Los Angeles, the Fashion District, and LA LIVE. A balcony inspection report under SB721 identified no repairs as needed. Feasibility studies and proposals have been prepared for up to two ADUs at the rear, subject to buyer verification.
Key Highlights
- Four apartments, each approximately 800 SF with 2 bedrooms and 1 bathroom
- Approximately 3,188 SF across a two‑story building on nearly 6,047 SF of land
- Eight on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,674
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,113,480
$1.1M
Cap Rate 7%
$795,343
$795.3K
Cap Rate 9%
$618,600
$618.6K
Market Conditions
NOI Build-Up for 3,188 SF
Gross rent
$86.1K $27.00/SF
− Vacancy
−$6.5K −$2.05/SF
EGI
$79.5K $24.95/SF
− OpEx
−$23.9K −$7.48/SF
NOI
$55.7K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,113,480
Cap Rate 7%
$795,343
Cap Rate 9%
$618,600
Alternative Uses
Best Use
Multifamily LT 5
$795.3K
$695.9K – $927.9K
NOI $55,674 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$732.8K
$641.2K – $855.0K
NOI $51,297 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $90,923 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,451
Businesses Nearby
Explore this area
Business Placement
Demographics for 90011, CA
102,308
Population
25,119
Households
4.1
Avg Household Size
30
Median Age
6%
College-Educated
43%
High-School Grad
4.3 sq mi
ZIP Area
23,793
Density / Sq Mi
$53,781
Median Household Income
$27,889
Median Earnings
$1,497
Median Rent
$575,200
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles, CA
Properties on Market for Quadplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has a two-bedroom, one-bathroom layout, with parking provided on site.
Where is this quadplex located?
The property is located at 1335 E 21st St Los Angeles, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four apartments, each approximately 800 SF with 2 bedrooms and 1 bathroom; Approximately 3,188 SF across a two‑story building on nearly 6,047 SF of land; Eight on‑site parking spaces
