1343 E 21st ST, Los Angeles, CA 90011
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$750,000
Est. payment /mo
5 Beds
4 Baths
1,935 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Pending

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

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Listed by Odest Riley Odest Riley #02084535

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