5 Units in West Adams

$1,550,000 

5079 W 21st

# of Units: 5

GRM (Pro Forma): 19.18

CAP Rate (Pro Forma): 5.25%

Price/SF: $388

Building SF: 4,113

Lot SF: 8,400

Zoning: LARD2

Year Built: 1947

Description

Five (5) units on a large 8,400 SF lot in the sough after neighborhood of Mid-City. Located in A TOC there is potential to add/build an ADU. Unit mix of 2 (2 Br + 1 Ba) and 3 (1 Br + 1 Ba) one of which was recently renovated and rented at market rent. The property is fully gated and features drought-tolerant landscaping (which offers big savings on water bills!) Additionally there is a detached garage parking for 5 cars. Tenants pay for gas, trash, and electrical. Best of all NO seismic retrofit is required. 

Location

Located in the center of Los Angeles between Washington Blvd and W Adams Blvd this property is well located, near the 10 FWY, Culver City, Santa Monica, and Mid - Wilshire. Plus Pico Blvd is lined with cafes, shops, bakeries, and restaurants.  

Property Highlights​​

  • Prime Mid-City Location

  • No Seismic Retrofit Required

  • Large 8,400 SF lot w/potential to Build

  • Zoned Tier 1 TOC (Potential to add/build an ADU)

  • New Roof + Exterior Paint

  • Drought Tolerant Landscaping

  • 5 Car Garage

  • LOW Expenses!

Please Send Me More Infomation On This Listing

Thanks for submitting!