36-Unit Apartment Building in Los
For Sale
Contact for pricing
21921 Lanark St, Los Angeles, CA 91304
36 units, upside potential, near transit and recreation.
Property Size32,360 SF
Price / SF$258.03
Days on Market150
Property Features for 21921 Lanark St
General Information
Standard status
Active
Size
32,360 SF
Property subtype
Multifamily
Zoning
LAR3
Occupancy
100%
Net Operating Income
$472,927
Building Details
Year Built
1965
Buildings
1
Stories
2
Units
36
Listing Agency:
Colliers - Los Angeles - Woodland Hills, California
(818) 325-4142
Listed By:
Reza Ghobadi · License #01780045
Source:
Crexi
Added: Mar 17
Changed: Aug 12
Last Checked: Aug 12 at 10:23AM
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 Colliers - Los Angeles - Woodland Hills, California
Investment Insights
Based on property information with market context.
This 36-unit apartment building features 20 two-bedroom units, 7 three-bedroom units, and 1 studio unit. It presents a portfolio acquisition opportunity, either individually or with six additional properties totaling 161 units within a one-mile radius. The property is located a short drive from the $10B RAMS Village development and benefits from its location in a Transit Oriented Communities (TOC) Tier 3 area and an Opportunity Zone (OZ). The property has approximately 33% upside potential. A new roof was installed in 2023 on both buildings. Residents benefit from the property's proximity to the Sherman Way/Canoga Orange Line Metro Station, as well as the Lanark Recreation Center directly across the street. Security features include a video camera system at the building and parking entrances, and security gates for apartment units. On-site management is available. The property includes new water heaters, two washers, and two dryers. The foundation of the apartment complex is raised. There are 35 total parking spaces, including 23 tuck-under spaces and 12 covered spaces. Residents can enjoy a swimming pool with a secure entrance. Apartment units are powered by both gas and electricity and feature wall unit HVAC. Horizontal pipes have been replaced with copper pipes. The property was featured in the movie Tortilla Soup with Raquel Welch.
Key Highlights
- Attractive existing assumable loan (contact agent for more information).
- Portfolio acquisition opportunity: Purchase individually or with six additional properties totaling 161 units within a one‑mile radius.
- Transit Oriented Communities (TOC) Tier 3, walking distance to Sherman Way/Canoga Orange Line Metro Station.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Explore this area
Business Placement
Demographics for 91304, CA
52,386
Population
18,875
Households
2.8
Avg Household Size
39
Median Age
34%
College-Educated
83%
High-School Grad
9.7 sq mi
ZIP Area
5,401
Density / Sq Mi
$82,289
Median Household Income
$41,270
Median Earnings
$1,927
Median Rent
$847,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 36 units, upside potential, near transit and recreation.
Where is this apartment building located?
The property is located at 21921 Lanark St Los Angeles, CA.
What is the asking price?
The asking price for this property is $8,350,000.
What are key features of this property?
This property features: Attractive existing assumable loan (contact agent for more information).; Portfolio acquisition opportunity: Purchase individually or with six additional properties totaling 161 units within a one‑mile radius.; Transit Oriented Communities (TOC) Tier 3, walking distance to Sherman Way/Canoga Orange Line Metro Station.
