$975,000
-$125,0001038 W 21st Street, Los Angeles CA 90007
Multi-Family (5 Units)
Property type
392 days
On market
$162
Price per sqft
0 cars
Garage
1914
Year built
6,507 sqft
Lot size
Open Houses
Overview
Located just blocks from USC in the heart of Los Angeles, this prime investment property features two buildings: a front four-unit structure with 1-bedroom, 1-bath units, and a rear detached single-family home with 3 bedrooms and 2 baths. Ideal for student housing or long-term investment, it offers strong rental potential in a high-demand area. The seller complies with Los...
Listing provided by: Alex Avilez DRE #01271332, TOP PRODUCERS REALTY PARTNERS
Listing updated: Mar 9, 2026 at 09:57pm.
Last checked: Jun 5, 2026 at 08:00pm
Source: CRMLS #CV25101490
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,106 | $1,106 | $2,200 | Unfurnished |
| 1 | 1 | 1 | — | $1,121 | $1,121 | $2,200 | Unfurnished |
| 1 | 1 | 1 | — | $982 | $982 | $2,200 | Unfurnished |
| 1 | 1 | 1 | — | $1,565 | $1,565 | $2,200 | Unfurnished |
| 1 | 4 | 2 | — | $1,315 | $1,315 | $3,000 | Unfurnished |
# of Buildings: 1
# of Units Total: 5
Separate Electric Meters: 5
Separate Gas Meters: 5
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 5
Total Actual Rent: $6,089
Financial Snapshot
Gross Rent Multiplier
13.3x
List Price / Annual Gross Rent
Cap Rate
6.57%
NOI / List Price
Gross Scheduled Income: $73,068
Operating Expense: $9,046
Net Operating Income: $64,022
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $4,547
Professional Management: $0
Trash: $0
Water / Sewer: $1,600
Interior
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Private
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5124005005
Additional Parcels: No
Tax Lot: 5
Zoning: LARD1.5
Tax Block: 4
Community
Senior Community: No
Community Features: Street Lights, Suburban, Sidewalks
Nearby Schools
Nearby schools around the 1038 W 21st Street, Los Angeles, CA 90007. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$780,000
Total Interest
$994,847
Total Payment
$1,774,847
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$6,096
per month
Property History for 1038 W 21st Street
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90007.
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