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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!

Features
: Fireplace(s), Wall Furnace
0
: Individual Room
0
Additional Information
Coldwell Banker Champion Realty
0
CLW-C120500
CLW-X83362
Christie
5060010022
: Standard
3
Two
32

Multi-Family For Sale

4006 21st Street, Los Angeles, California 90018

2,900 Sqft
$899,900
Listing ID #24414457
Basic Details
Status : Active under contract
DaysOnMarket : 63
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24414457
Price : $899,900
Living Area : 2,900 Sqft
Lot Size : 6,100 Sqft
Year Built : 1923
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90018
Price Per Square Foot : $310
ModificationTimestamp : 2024-09-17 14:43:33
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