515 E 21st Street, Los Angeles, CA 90011

Los Angeles

Local realty services provided by:CENTURY 21 Epic

515 E 21st Street,Los Angeles, CA 90011

$790,000

Listed by: sean namigohar

Office: lyon stahl investment real estate, inc.310-425-9838

MLS#:26666433

Source:CRMLS

Price summary

Price:$790,000
Price per sq. ft.:$366.76

About this home

This rare 3-unit apartment community offers a unique investment opportunity featuring three separate structures on a single lot, providing enhanced privacy, flexibility, and strong tenant appeal. Strategically located just minutes from Downtown Los Angeles, the property benefits from proximity to major employment centers, entertainment venues, and top educational institutions, making it highly desirable in today's rental market. The property boasts a well-balanced unit mix consisting of a spacious three-bedroom unit and additional one-bedroom bungalow-style units. The standout feature is the large, fully remodeled three-bedroom residence, which includes a dedicated living room and dining area ideal for families or tenants seeking more functional living space. This unit, along with one of the one-bedroom units, has been extensively renovated down to the studs, offering modern interiors and high-end finishes that significantly enhance rental appeal. The remodeled units feature recessed lighting, new hardwood flooring, stainless steel appliances, updated electrical systems, and upgraded plumbing. These improvements not only elevate the overall aesthetic but also reduce future maintenance costs for ownership. The modern upgrades position the property competitively within the market, allowing for premium rents and attracting quality tenants. The presence of three separate structures creates a bungalow-style living environment, which is increasingly sought after by renters looking for privacy and a more residential feel compared to traditional apartment buildings. This layout can contribute to lower tenant turnover and increased long-term occupancy. From an investment perspective, the property is offered at an attractive 6.8% cap rate, providing strong in-place cash flow. With two units already fully renovated, new ownership can benefit from immediate rental income at improved market rates while potentially enhancing the remaining unit to further increase overall returns. The property also includes five on-site parking spaces, a valuable amenity in a densely populated urban area like Los Angeles. Ample parking enhances tenant convenience and adds to the overall desirability of the asset, particularly for larger households occupying the three-bedroom unit. Location remains one of the strongest attributes of this offering. The property is situated just minutes from iconic destinations such as Crypto Arena and is in close proximity to the University of Southern California campus. This prime positioning ensures consistent rental demand from students, professionals, and families who value accessibility to both work and leisure destinations. Additionally, the surrounding area continues to experience ongoing growth and revitalization, further strengthening the long-term investment outlook. Easy access to major transportation routes, dining, entertainment, and cultural attractions makes this location highly attractive for a wide range of tenants. Overall, this property presents a compelling combination of modern upgrades, strong cash flow, and an excellent location. The mix of renovated and value-add components, along with the unique bungalow-style layout, provides investors with both immediate income and future upside potential. With its proximity to Downtown Los Angeles and major landmarks, this asset stands out as a rare opportunity in a competitive market....

Contact an agent

Message

Name

Phone

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21^® brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21^® brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE^® , Coldwell Banker^® , Corcoran^® , ERA^® , Sotheby's International Realty^® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

Year built:1913
Listing ID #:26666433
Added:175 day(s) ago
Updated:September 11, 2026 at 10:58 AM

Rooms and interior

Bedrooms:5
Total bathrooms:4
Living area:2,154 sq. ft.

Structure and exterior

Year built:1913
Building area:2,154 sq. ft.
Lot area:0.15 Acres
Levels:1 Story

Finances and disclosures

Price:$790,000
Price per sq. ft.:$366.76

Parking

Total parking spaces:5
Parking description:Driveway

The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Epic is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Epic, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Mike Southwick

New listings near 515 E 21st Street

Terms of use Accessibility DMCA notice Fraud alert Privacy policy Fair housing Do not sell info NY reasonable accommodation Submit agent or broker complaint

Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.

©2026 Century 21 Real Estate LLC. All rights reserved. CENTURY 21®, the CENTURY 21 Logo and C21® are service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Listing information is deemed reliable but not guaranteed accurate.

515 E 21st Street, Los Angeles, CA 90011

Price summary

About this home

Contact an agent

Home facts

Rooms and interior

Structure and exterior

Finances and disclosures

Parking

New listings near 515 E 21st Street

16433 Gledhill Street, North Hills, CA 91343

4053 Barrett, Los Angeles, CA 90032

11707 Garrick Ave, Lakeview Terrace (los Angeles), CA 91342

1275 W Capitol #113, San Pedro, CA 90732

17226 Elkwood, Lake Balboa, CA 91406

7955 White Oak, Reseda, CA 91335

2342 S Cochran, Los Angeles, CA 90016

11339 Modena Lane, Porter Ranch, CA 91326

11853 Cantara Street, Los Angeles, CA 91605

853 S Lucerne #306, Los Angeles, CA 90005

Sidebar