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$899,900

Est. payment - /mo

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4 BD

2 BA

2,900 SqFt

Active Under Contract

4006 W 21st ST Los Angeles, CA 90018

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:11 PM

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,900 sqft

Price per Sqft $310

MLS Listing ID 24414457

Bedrooms 4

HOA Y/N No

Year Built 1923

Lot Size 6,098 Sqft

Property Description

Motivated Seller! Reduced Price on tenant-occupied Duplex in Desirable Arlington Heights. Exceptional investment opportunity near Country Club Park, Western Heights, Koreatown, and West Adams. This two-story Spanish Colonial duplex, built in 1923, is now listed at a significantly reduced price because property will be sold tenant-occupied. Property features two nearly identical units, each with 2 bedrooms, 1 bathroom, a spacious living room, formal dining room, kitchen, and laundry room, each approximately 1,450 sq. ft. The property includes (3) 1-car garages with potential for ADU conversion to increase rental income. With 2,900 sq. ft. of living space on a 6,098 sq. ft. LARD2 zoned TOC Tier 2 lot, this property offers versatility and significant upside potential at market rents or upon redevelopment. Listing price improved because existing rents are below market and subject to Los Angeles City Rent Stabilization Ordiance (RSO). Buyer must take the property AS-IS, tenant occupied, subject to tenant rights. No exceptions. Conveniently located near the 10 and 405 freeways, the property provides easy access to DTLA, LAX, employment centers, restaurants, shopping, museums, and Westside beaches. Arlington Heights is a growing community with historic landmarks and beautiful architecture, making it an ideal place for multifamily investment. Don't miss out on this motivated seller and reduced price opportunity! Submit offers subject to interior inspection today!

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LARD2

Rooms

Ensuite Laundry Laundry Room

Interior

Laundry Location Laundry Room

Heating Fireplace(s), Wall Furnace

Fireplace No

Laundry Laundry Room

Exterior

Garage Driveway, Garage

Garage Spaces 3.0

Garage Description 3.0

Parking Type Driveway, Garage

Total Parking Spaces 3

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5060010022

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Special Listing Condition Standard

Listed by Christie Thomas • Coldwell Banker Champion Realty

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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